Calculation: Average Rent Price Per Property = Total Monthly Revenue / Total number of Properties
What is the Definition and Importance of ‘Average Rent Price Per Property’:
As the name suggests, the KPI ‘Average Rent Price Per Property’ helps to keep track of your rental prices and is typically measured and recorded across various timeframes (i.e. weekly, monthly, quarterly and annual changes).
Our hotel management company emphasizes on comparing the performance against the same period last year is crucial to ensure you’re on the right track to create a successful investment project. You can also easily compare against other properties with this metric and see where opportunities are for your property.
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