Defining Measurable Goals between Owners and Property Managers

[Daniel Garcia]

Hi everyone,

I have 3 doors in Central Oregon (Duplex and SFH), I have been working with my current PM for the past year and would like to dial in our process and how we work together.

I would like to define measurable targets for us collectively, in terms of how the properties perform and how we work together. I understand that the performance of the units is contingent on financing, but I have some ideas which isolates financing. 

I understand the scope of this question is very broad, but I'd love to hear your thoughts on any of the following, no bad ideas: 

1) Quantitative (measurable) goals owners have with their professional PMs.

2) Qualitative goals owners have with their professional PMs. 

3) If the PM is only managing 3 units for me is it fair to push them towards these goals or is this unreasonable considering how small the portfolio is? 

Thank you everyone!  

#Kaizen