Landlords, what Key Performance Indicators do you track?

[Steve L.]

I am curious to see what other landlords track every month.  They say what you measure get results.

Our business aggressively tracks the following things:

1. Portfolios Pro Forma Rent - our main goal is to increase our pro forma rent by a certain monthly amount by the end of the year mostly via new acquisitions.  The reason we use pro forma versus actual as I buy many distressed properties that take 3-12 months to perform correctly.  I track this number at least weekly.

2. Revenue versus Expected Revenue - every month we make a spreadsheet that shows what each properties total potential rent is and a line item for the actual revenue was.  This basically lets me know what my vacancy and rent loss is.  My managers start getting bonuses at 92% portfolio wide and big bonuses if we are over 95%.  Properties that we just acquired or haven't been rented for the first time are not included.  We track this monthly. This report has really changed our business and aligns everyone's focus to what I think makes sense long-term.  

3. Weekly Vacancies / Eviction / Move-Out - pretty self explanatory.  

What items do you guys watch carefully?