- Watershed Property Management, Inc. Watershed is responsible for managing thousands of residential rental properties throughout the United States.
- The target of this project is to persuade Watershed’s management team to pursue a new strategy for managing its properties that will increase their profits.
- Watershed Properties is a residential property management company. We manage several thousand properties in more than 60 different neighborhoods around the United States.
- Watershed currently has a time-sensitive opportunity to explore the short-term rental market with one of its top property owners?
- Watershed wants to know:
- calculate how much it would cost to convert and maintain each of this client’s properties as a short-term rental.
- determine the nightly rental price that would maximize the profits from each of these properties, if they were converted to short-term rentals.
- calculate which properties would have increased profits as short-term rentals.
- determine how profitable, overall, it would be if Watershed converted some of this client's properties into short-term rentals.
- need to determine how much cash Watershed would need in order to realize any potential profits from converting the properties.
- the current monthly rent Watershed charges for all of their client’s 244 properties, as well as the property type and geographic location of those properties.
- some general information about examples of short-term rental properties. This information can be used to get a sense of what kind of nightly rental price Watershed’s client’s properties could be listed for, if they were converted to short-term rentals.
- records about when those short-term rental properties were rented out, so that you can calculate their occupancy rates.
🔗 (Interactive Dashboard) : https://xiaojie-qian.github.io/WS_Real_Estate_Data_Analytics/