How leading brands execute programs with inspections, corrective action plans and tasks
It’s a simple fact, every business in the world can benefit from collecting and analyzing customer data. Nowhere can the effects of data utilization play a bigger role or have a more positive impact than in the parking industry. Time in, time out, rates, length of stay, events, weather conditions, etc. all play a role … Continue reading Data Analytics Trends in The Parking Industry
Choosing the right type of business relationship with a parking operator is even more important than choosing which operator should run your parking facility. Why? Because the terms, conditions, and expectations of the business arrangement (in the form of a management contract or lease agreement) are clearly set out in advance between the property owner … Continue reading Parking Contracts: The Good, The Bad and The Really Ugly
Mid-sized to large Real Estate Investment Trusts are more vulnerable to fraud in their parking operations than smaller property firms and the effects can be more devastating to the bottom line. The types of fraud that property owners and managers need to be aware of generally fall into four categories: cash theft, validation theft (discount … Continue reading 7 Easy Steps to Help Identify Fraud in a REIT’s Parking Operations
New technologies are constantly emerging to better process parking transactions and provide real-time availability. The true success of any parking facility must still follow some very basic operating principles. Real-time vehicle movements, revenue transactions, and data management are all great operational resources for owners, but if industry best practices are not in place, annual facility … Continue reading 3 Operational Strategies to Consider When Choosing a Parking Operator