Property manager performance drops after the first year, and current commission-based incentives fail to motivate them to push for higher rents or care about property performance.
Existing commission structures for leases and renewals do not effectively motivate long-term performance or alignment with property profitability.
PropIncentive
PropIncentive is a performance-based bonus management platform that aligns property manager compensation with overall property performance metrics. It automatically tracks key metrics like occupancy rates, rental growth, maintenance costs, and tenant satisfaction, and calculates bonuses based on customizable formulas. This ensures managers are incentivized beyond just lease commissions to care about the long-term health of the properties.
- Customizable bonus formulas tied to property performance metrics (NOI, occupancy, rent growth)
- Automated tracking of manager and property KPIs with dashboards
- Integration with property management software to pull data
- Transparent performance reviews and bonus calculations
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