EP 337 - Track These 2 KPIs to Transform Your Real Estate Business

What did you think of todays show??The most successful real estate investors are data-driven, making decisions based on hard numbers rather than the latest trends. But do you know how to leverage metrics in your off market real estate business? This episode covers essential KPIs you should be tracking and their role in driving the growth of business.For example, what’s the normal range for these KPIs? Is cost per lead more important than cost per deal? Does lead source matter when analyzing KPIs? What factors can skew your metrics? And most importantly, how do you use these numbers to scale your off market real estate business?We also dive into recent real estate news, including Biden's rent control plan, rising costs for landlords, tenant protections in government-backed loans — and what it all means for investors. Tune in now!Topics discussed:Why KPIs matter in your real estate business (2:24)The most important KPIs to track in an off-market business (6:25)Using KPIs to optimize marketing strategies (9:45)Managing cash flow in your cash conversion cycle (13:29)The implications of Biden’s new rent control proposal (17:30)How tenant protections in government-backed loans could impact investors (23:16)The government shift away from the mortgage industry (26:11)Connect with Dylan Koch:https://www.instagram.com/dylan_does_deals/https://twitter.com/DylanKoch2https://www.facebook.com/dylan.koch.5If you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://collectingkeys.com/Check out the Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeys.com/Download the FREE 5-Step Guide To Generating Off Market Leads here: https://collectingkeys.com/free/If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://collectingkeys.com/keyscon-2023/ and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:https://collectingkeys.com/https://www.instagram.com/collectingkeyspodcast/https://www.instantinvestorprogram.com/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/https://www.youtube.com/@collectingkeysThis episode was produced by Podcast Boutique https://www.podcastboutique.com