Property Manager Performance Review

Block 60 minutes on the calendar with the employee, their direct manager, and the regional manager or HR partner. Choose a private setting — onsite leasing offices are usually a poor choice because of foot traffic and tenant interruptions.

Email the standard self-assessment with a 7-day turnaround. The form should ask the employee to rate themselves on the same competencies the manager will rate — leasing, maintenance coordination, owner reporting, compliance — so the comparison is apples to apples.

Export the trailing 12 months: average days vacant, days-to-lease, gross collected rent vs. GPR, delinquency rate, renewal rate, and economic vacancy. For SFR portfolios, also pull turn cost per unit and average make-ready duration.

Benchmark against the firm's SLAs — typically 24 hours to acknowledge, 72 hours for non-emergency completion, same-day for habitability emergencies (no heat, no water, sewage, locked out). Note any pattern of after-hours escalations to Latchel or the on-call line.

Sample 10 applications from the period: confirm adverse action notices were sent on every denial, screening criteria were applied uniformly, and source-of-income / voucher rules were honored where the jurisdiction protects them. Missing adverse-action notices are the most common FCRA finding on PM reviews.

Reach out directly — the review can still proceed without it, but document that the employee was offered the chance to provide self-input. Patterns of skipped self-assessments are themselves a discussion item in the meeting.

Choose one peer the employee works with on leasing and one on maintenance dispatch. Use a structured 4-question form rather than open prompts; freeform peer feedback skews positive and produces little usable signal.

Open with the self-assessment, then walk the KPI export, then peer and owner/tenant signals. Save the rating and compensation discussion for the end — leading with the number derails the conversation.

Anchor each point to a specific case — a renewal won, a deposit return missed by 4 days, a Fair Housing comment from a peer. Generic feedback ("communicates well") is the fastest way to make a review feel pro-forma.

Tie at least one goal to a portfolio KPI the employee can move — days-to-lease under 21, delinquency under 3%, renewal rate above 65%. Vague aspirations ("improve communication") fail to move the next review.

Confirm Fair Housing refresher is current (annual is the firm standard), state real estate license CE if applicable, and any role-specific tracks — NARPM RMP/MPM coursework for SFR managers, IREM CPM/ARM for commercial, AppFolio or Yardi user-group certification for systems ownership.

Short 20-minute meeting to confirm the new goals are clear and any blockers (system access, training enrollment, portfolio handoffs) are resolved. Skipping this step is the most common reason review-cycle goals quietly disappear.