From the course: Real Estate Analytics
Join today to access over 22,600 courses taught by industry experts.
Figuring out your idle time and how to spend it in better areas
From the course: Real Estate Analytics
Figuring out your idle time and how to spend it in better areas
- [Instructor] Well, let's transition to the rehab department. The rehab department is, I think for a lot of people, where they may track the most numbers, maybe not, but these are the big ones. So idle time. Idle time is the amount of wasted time or time that nothing's been done on the property from when you buy it to when you start the rehab. Now I don't like to have any idle time in my business, but we were getting hurt by me pushing the construction and rehab team to start projects too fast. What we noticed by tracking this data is that on the properties that I was pushing the team to start construction and to start demo before we had a final, detailed scope of work or before we had all of our bids in, those projects we were taking more time because there were more delays, we were spending more money on the rehab on those projects, and we were actually, the days that we made up by starting right when we bought…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.