What is the % days earned goal for the rental units?

The % days earned goal for rental units reflects the intended occupancy or utilization rate of those units, representing how effectively the rental properties are being utilized over a given time period. A goal of 93.5% indicates a strong emphasis on maintaining high levels of occupancy while allowing for some flexibility, recognizing that vacancies may occur due to various factors such as maintenance, turnover, or seasonality.

Establishing a target like 93.5% as the goal showcases a balance between maximizing revenue from rental units and addressing operational realities. This target is often grounded in industry benchmarks that correlate higher occupancy rates with improved financial performance, leading to increased revenue potential for the property owners or management companies.

In contrast, goals set at 95%, 90%, or 85% reflect either an aspiration that might be challenging to achieve given typical operational challenges (like a 95% goal) or a significantly lower target (like an 85% goal), which may not align with industry best practices. The choice of 93.5% strikes a prudent middle ground that many professionals in the field would recognize as both achievable and beneficial, making it the preferred option for evaluating performance in rental unit utilization.