How to Control Loss of Rent

[Pratap Koppula]

The savvy businesses are run on efficiency and analyzing different variances brings the insights needed to make the critical decisions. In the Rental, we often hear the vacancy loss, but there is another gain/loss, that can influence Loss of rent, i.e., rate efficiency.

See below illustration on an annualized rental loss.

To have this efficiency, have to track planned rent and compare with the actual rent for days actually rented.

This is a proven methodology across the industries, and immensely helps in planning, tracking, and controlling the loss of rent when meticulously executed – The data speaks loud and clear, build the data, PLANNING is the KET to CONTROL.