Created by an experienced agency professional, pmprofitplanner provides property management business owners and managers with answers to important questions regarding profitability and productivity to enable planning for growth with clarity and confidence.
For each scenario, pmprofitplanner generates a clear set of revenue and activity targets for the business and for each team member critical to business and individual performance management.
Print financial and activity targets for the business and each team member, a budgeted profit and loss projection for the period ahead, and a value growth projection for the property management business.
Start the ball rolling by understanding exactly how much revenue the property management business needs to generate to cover costs including compensation for owners input and a margin of net profit.
Having property management team members on the right remuneration and incentive structure is critical. Test an infinite range of alternatives to arrive at a win-win arrangement that encourages results and provides the team member an appropriate reward.
Use the 'what if' approach to test profit outcomes by adjusting fees, operational expenses, changing staff incentive structures or looking at the effect of changes to activity performance such as the average return from a sales or per property management transaction.