We’ve all heard the mumblings. Millennials are lazy and entitled. Baby Boomers are technologically inept and unwilling to learn new things. Generational biases like this are alive and well in today’s workplace and when they are allowed to fester, they can stifle innovation and stagnate growth. Yet for many of us, these assumptions are ingrained in who we are. If we’re not careful, they can become a knee-jerk reaction with negative consequences for the business. To keep generational biases out of your property management firm, here are five things every leader will need to do.
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.
What does it take to run a successful property management company? While there’s no one-size-fits-all approach, there are certain similarities that can be drawn from those firms that have established themselves as industry leaders. If you want to know the secrets to achieving the same degree of success for your own business, here are a few areas where you may want to focus your efforts.
“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.
Part of the job of someone in management is to lead, nurture and support the employees who report to them. The goal is not just to get people to do their jobs well, but to find a way to keep them happy, plugged in and engaged. The more satisfied your employees are, the better your property management company will run and less you’ll have to deal with the hassle and expense of high turnover. To work toward this goal, here are a few words of motivation and encouragement to add to your repertoire.
With Gmail alone boasting over one billion users worldwide and experts predicting this number will climb to 3 billion by the year 2020, it’s quite obvious that email is still one of, if not the most effective tool for reaching and connecting with customers. Of course, using email effectively for your property management business involves much more than just drafting up a message and clicking the send button.
Whether you’ve already reached the property management C-Suite or you’re currently working your way up the ranks, it can be helpful to know what things others who have already achieved success at the executive level have in common. While there are obviously no magic formulas or one-size-fits-all solutions to being a great leader, there are some characteristics that many in these positions share. Identifying, developing and nurturing these traits can help you achieve similar results. Let’s take a look at a few of these traits below.
Whether you are just starting out in the property management industry or you’ve been in the business for decades, there are plenty of ways to get up to speed on how to successfully run a company in today’s digital age. Thanks to the many available tools and ever-improving technology, optimizing your organization so that it runs like a well-oiled machine and remains as competitive as possible has never been easier. It’s really just about knowing how to approach things and which direction to focus your efforts.
As we steamroll ahead into 2017, many property management executives are hard at work developing strategies to achieve the aggressive growth goals they’ve set for the year. If you are among these diligent planners, we’ve got some great news for you. We’ve discovered a way that can dramatically improve how much and how quickly you can achieve growth for your business. It’s not a magic formula, but it’s a method that has been proven successful by many that have come before and you just might find that it gets the same results for you as well. Ready to get started? Here’s what you need to do.
Loyal clients are the lifeblood of your property management business. Not only do they ensure that your company stays profitable by enlisting your services, but they’re also a valuable resource for obtaining more word-of-mouth referrals. In addition to making sure your customers are always well taken care of, it’s nice to take additional steps to show them how much you appreciate them and how thankful you are for their business. Let’s take a look at a few things you can start doing today to show your gratitude.