Building Financial Expertise: A Key to Success in Modern Apartment Property Management
In this episode of the Multifamily Innovation® Podcast, host Patrick Antrim welcomes Briant Carcamo, co-CEO of Vizibly and a seasoned real estate professional. They discuss the importance of building financial expertise within employees and the role of technology in up-skilling and re-skilling individuals. Briant shares insights on how technology can help make employees smarter and improve the overall employee experience. Tune in to learn more about the cutting edge advancements in the multifamily real estate industry.
Apartment property managers can greatly benefit from the use of tools and technology, as they provide valuable data and insights to inform decision-making. This episode emphasizes the importance of translating data into actionable insights, which is the main purpose of implementing tools like business intelligence platforms or data analytics products. These tools enable property managers to analyze and understand various aspects of their business, including multifamily lead management, leasing funnels, and operational levers.
However, the multitude of tools available in the multifamily technology landscape can overwhelm multifamily property managers. With so many options, it can be challenging for them to determine which tools are most valuable and will yield the best results for their specific circumstances. This highlights the need for property managers to carefully evaluate their tech stack and prioritize the tools that truly make a difference for their organization.
Additionally, as multifamily owners face cashflow constraints, there may be tighter restrictions on technology spend. This further emphasizes the importance of property managers reevaluating their tech stack and focusing on tools that provide real value and contribute to the efficient and profitable operation of their properties.
Leveraging tools and technology empowers multifamily companies to make more informed decisions, anticipate potential issues, and take proactive measures to prevent problems. By utilizing data and predictive insights, apartment owners and operators can better manage day-to-day operations and optimize their business outcomes.
Timestamps:
[00:02:07] Property managers and data analytics.
[00:04:37] Staying competitive in property management.
[00:07:31] Being proactive in property management.
[00:10:11] Increasing Renewals for Properties.
[00:13:45] Streamlining communication and execution.
[00:17:50] How recommendations play out.
[00:19:34] Transparency in task management.
[00:23:04] Rethinking property management technology.
[00:27:30] AI developments in property operations.
[00:31:46] Increasing operational efficiency.
[00:34:17] Being property management system agnostic.
[00:38:06] Making property management more profitable.
[00:39:12] Tracking multifamily success.
Read: It is time to reimagine how to execute operating strategy in multifamily
Connect with Briant: https://www.linkedin.com/in/briantcarcamo/
Visit https://www.vizibly.io/