We’re firm believers that the key to maximizing your success as an owner, operator, or fee manager in multifamily is to lead with a culture of evidence-based decision-making (EBDM). EBDM is a process of making decisions or solving problems that are informed by the best available evidence. It involves using data, research, and other forms of evidence to back decisions and evaluate the effectiveness of different options.
Essentially, it means using all the data your organization has collected across your tech stack to make smart, timely, fast, educated decisions that drive impact and profitability for your portfolio, rather than making a decision because you thought it was the right move, you felt like it could move the needle, or you saw someone else do something similar.
An EBDM culture starts with asking the RIGHT questions, not just the easy ones you’ve asked in the past, like “What’s my current occupancy?” If you’re going to have an impactful 2023, you need to go deeper. Get smarter and more intentional with your questions. BI can help!
Download: Top Data-Driven Multifamily Questions to Ask Today
Here’s how leaders can use business intelligence (BI) to ask insightful questions about their multifamily portfolios:
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Here are examples of great questions that leaders can start asking about their business today to increase profitability and growth for their portfolio this year.
Access to all your great data in one central location helps multifamily leaders ask insightful questions about their business so you can unlock your aha moments and make better decisions, faster. We want you to start asking the RIGHT questions this year about your portfolio and dig into the nitty-gritty to truly leverage all of the data you have at your fingertips to outperform your competitors.
Download our list of great starter questions you can start asking today. But then come back and let us know what you’re going to be asking about your business! We can’t wait to hear how you’re approaching a multifamily challenge or opportunity in a way that is unique to your company culture and goals.
Featured image by Towfiqu barbhuiya on Unsplash.