Adding up the revenue per head
- Welcome to the property management blog, where we watch the property management business. I was in the Mandalay Bay convention center yesterday. It is a massive building with great amenities and even a shark aquarium. What struck me was how much revenue it helps the conventions create. I saw a lot of people walking around. Multiply that by the cost of convention packages and there are a lot of zeros. Isn’t your property about creating revenue for your tenants, too? When businesses rent with you, they are relying on your property to help them make a profit. What steps do you take to help them attract and make business? I don’t know that you need a shark tank, but you do need a specific plan for creating an atmosphere that will help you renters prosper. What is it?
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