Real Estate Analytics
49mBeginner2020-10-29
Authors
WealthFit
An e-learning company focused on financial education
Madecraft
Full-Service Learning Content Company
Course details
In the world of real estate, one of the best ways to set yourself apart from the crowd is by learning how to identify, track, and make smart decisions based off of your key performance indicators (KPIs). In this course, get the knowledge and tools you need to leverage KPIs and keep track of your metrics in a way that's efficient and effective. Learn how to set up a system to track your leads and the numbers of offers on a property. Discover how to plan your budget effectively and determine how much you're spending each week. Plus, learn how to project your ROI, determine your revenue and your hold time, and get a better sense of your overall performance. After completing this course, you'll have the skills you need to figure out what you might be doing wrong in your investing business, so you can stop making mistakes and start making more money!
Skills covered
Small Business FinanceSmall Business and EntrepreneurshipFinance and AccountingOne-Off
Concepts
0. Introduction
- 01 - Getting started with real estate analytics
1. The Real Estate Analytics System
- 02 - Excel with KPIs
- 03 - Making data-informed decisions for your business
2. Scaling Up Your Business through Communication and Focus
- 04 - Focusing on daily tasks and wins that contribute to your greater goal
3. Tracking Your Leads in Acquisitions
- 05 - Tracking the numbers of offers on a given property of interest
- 06 - Following up on the leads you are pursuing
- 07 - Setting up a tracking system
- 08 - Comparing list price and offer price
4. Discovering More Insights through Rehab Time
- 09 - Figuring out your idle time and how to spend it in better areas
- 10 - Determining your projected budget
- 11 - Identifying opportunities for improvement
- 12 - Finding your dollars spent per week
- 13 - Working with contractors
5. The Sales Department of Your Real Estate Company
- 14 - Questions to ask yourself in regard to listing
- 15 - Figuring out your ARV at purchase date vs. list date
- 16 - Comparing your days on market to the NAR average
6. Business Indicators for Your Business' Performance
- 17 - Projecting your ROI
- 18 - Determining revenue
- 19 - Determining your hold time
- 20 - Understanding performance