Performance-Based Pricing
Customers pay only when measurable improvements or outcomes are achieved, aligning the platform.
Service Description
Performance-based pricing (PBP) aligns fees with the outcomes achieved, offering property owners and stakeholders a flexible and value-driven approach. This model incentivizes the property management provider to optimize operations, improve tenant satisfaction, and enhance property value. Key Metrics for Performance-Based Pricing Occupancy Rate: Target: Maintain or improve property occupancy rates. Pricing: A base fee plus bonuses for exceeding target occupancy levels (e.g., 95%+). Tenant Retention: Target: Minimize tenant turnover. Pricing: Rewards for retaining tenants beyond lease renewal thresholds. Revenue Growth: Target: Increase rental income through better pricing strategies or additional revenue streams (e.g., parking, amenities). Pricing: A percentage of the revenue increase as a success fee. Cost Savings: Target: Reduce operational costs, such as maintenance or energy expenses. Pricing: Share a percentage of the savings achieved. Maintenance SLA Compliance: Target: Ensure timely and high-quality property maintenance. Pricing: Penalties for failing service level agreements (SLAs) and rewards for exceeding them. Tenant Satisfaction: Target: Achieve high tenant satisfaction scores based on surveys or reviews. Pricing: Bonuses for reaching predefined satisfaction thresholds. Asset Appreciation: Target: Increase the property’s market value over time. Pricing: A percentage of the value increase as a success fee.