Like it or not, the world of work is changing. The property management office of tomorrow will be vastly different than what we know today. To prepare for these impending changes, companies of every size and industry must take the appropriate steps now to future-proof their businesses so that when the time comes, adaptability will be easier and less disruptive. That being said, here are five ways you can help keep your company ahead of the wave.
These days, when someone is looking for information about a business, they’ll do so almost exclusively on the internet. You’ve probably already invested in a quality website, but is it really enough to make your firm stand out amidst all the other property management companies in the area?
Being an effective leader isn’t always something that comes naturally. In many cases, it requires hard work and the willingness to learn, adapt and evolve. The goal is to identify the property management leadership style that best suits yourself as well as your team, and this process may take a little bit of trial and error – especially if you are new to your role.
One of the fundamental components of strong leadership is a deep-seeded understanding that leaders lead people, not tasks or projects. And while financial performance is, of course, an important part of your property management company’s longevity, it’s the employees that actually drive success. It makes perfect sense, then, that people should be the primary focus of your leadership approach. When leaders help others, everybody wins.
For several years now the term “big data” has become quite the buzzword. But what, exactly, does this term mean and, more importantly, how does it specifically impact your business? The property management industry, like so many others, is one in which mountains of information and data sets are gathered every day. The key is extracting what’s valuable out of that data and leveraging it to your advantage. If you’re feeling overwhelmed, you’re not alone. Here are a few tips to help you master the big data phenomenon like a pro.
Without question, when it comes to hiring top talent, we are currently operating in an employee’s market – especially at an executive level. Today’s candidates have their pick of positions, enabling them to be as selective about who they work for as hiring managers are in choosing the right individuals for their job openings. The following will help you strike a balance that allows you to weed out your options and hone in on only those that are best suited for your property management company, and then tailoring your approach to woo them most effectively.
Making your business a success requires getting your brand in front of as many qualified leads as possible. But unless you have an unlimited marketing budget, this will require a bit of finesse in determining which channels are most likely to net you the best possible results. With so many options available to you, how can you choose where to focus your efforts and allocate your spend? Here are some guidelines that might help make this difficult decision much less overwhelming.
It happens to the best businesses from time to time. Those growth strategies you’ve got in place may have helped bring you to your goals, but then things just sort of leveled out after a while. It’s certainly ok to hit an occasional plateau but remaining in a holding pattern for too long could leave you behind the times and struggling against your competition. If your property management organization is currently circling its proverbial wagons, here are a few strategies to get things moving in the right direction once again.
These days no business is safe from falling victim to a cyber-attack. With growing threats of things like ransomware and other activities of malicious intent, there’s never been a more critical time to invest in keeping your data and network secure. Not only could a successful security breach cost your property management company financially, but it could also do irreparable damage to your hard-earned reputation.Are you taking the right steps to prevent a potential breach? Here are a few things you can implement today to help fortify your defense.
“We become what we repeatedly do.” ~ Sean Covey
Few things sabotage a person’s productivity more than bad habits. They slow you down, get in the way of other important tasks, rob you over your focus, impact creativity and performance and cause any number of other negative effects. The worse part about bad habits is that, in many cases, the person practicing them isn’t even cognitive of the problem. Meanwhile they’re left wondering at the end of the day why they never seem to get much done. Could this be happening to you in your property management career? Here are five common productivity-killing habits to watch for.