Hi Everyone,
Many people ask me why I have my managers still complete a DAR (Daily Activity Report) vs. simply having them pull the reports directly from Yardi? Well, that is a good question, and the reason is simple. I have found that when a manager completes the DAR they are automatically forced to know their property performance. While, a manager that simply pulls a report from Yardi or any property software is dependent of the information in the system that could had easily been entered by another associate. For example, the assistant would update the rent collections in Yardi, the leasing would add the applications, and the manager might do the payables. So, when that particular manager pulls the report, is he/she seeing what in it before sending, or simply just looking at the ending figures? While by completing the DAR they actually are forced to understand their true operating performance and the reasoning behind it. It makes that manager think and realize how really their asset is performing every day.
Do you guys think that’s overkill? Do you think the DAR is a good way to keep the manager on track? Or Do you think everyone should simply use the software reports? Let me know your thoughts! Thanks!