Bonus Programs for employees who work at Tax Credit Properties

Topic Author
Candi Bryars
8 years 2 months ago #17040 by Candi Bryars
I am looking to begin a bonus/commission incentive program for the employee's at a senior tax credit property.This property is typically occupied between 96% and 98% and renewal rates are extremely high. Does any have a property of this type that is offering an incentive program that would be willing to share your criteria?
8 years 2 months ago #17040 by Candi Bryars
  • Posts: 3
  • Thank you received: 1
8 years 2 months ago #17064 by Christie B
Well, I do not receive bonus/commissions, but I do receive a higher hourly rate than most leasing positions to compensate. Just a thought. :)
👍: Candi Bryars
8 years 2 months ago #17064 by Christie B
  • Posts: 360
  • Thank you received: 64
8 years 2 months ago #17096 by Sandy Martin
My tax credit property stayed 100% with a waiting list, so leasing bonuses were not considered. A renewal bonus of a certain amount, if the lease and all paperwork is completed and filed by the recert date would be a nice incentive.

We also got bonuses for NOI, score on shopping report. Consider a bonus for the number of days a unit is vacant. If vacant less than 7 days (whatever your turn-around time is), bonus.
👍: Candi Bryars
8 years 2 months ago #17096 by Sandy Martin