Today I want to dive into the topic of occupancy and the nuances involved, along with some new strategies we're implementing!
Occupancy is a key metric in property management, often used to gauge a property's performance. A stabilized property is typically seen as 90% occupied or above, while anything below is considered unstabilized.
However, while occupancy rates provide a snapshot, they don't tell the whole story. High occupancy doesn't always mean high performance, and vice versa.
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