Most companies already have the key C-Suite players in position – CEO, CFO and maybe even a CTO. What about the role of Chief Information Officer? Is it worth it? Many organizations put off hiring for this position until it’s absolutely necessary, but by then it’s often an uphill battle. The fact is, for the digital property management organization, the job of CIO can be of just as much importance as other senior managers. Still not convinced? Here are four reasons you may want to reconsider.
One of the nicest features of modern property management software is that it offers the ability for residents to handle many of their own actions electronically, without the need for assistance from a human agent. Through the self-service portal, people can process online payments, access details about their rental contract, submit maintenance requests and more. Not only is this more convenient for them, but it’s also good for your busy staff. Of course, not everyone will be willing to jump onboard right off the bat. Here are four things you can do to gently persuade them to give the portal a try.
Is your property management team dangerously close to burnout? According to the Harvard Business Review, employees that regularly take breaks and time off have 30 percent more focus than their colleagues. Furthermore, workers who feel supported by their managers in this area are nearly 100 percent more loyal.
In order to achieve sustainable success in your property management company, it’s crucial that you hire individuals who are not only qualified but are also closely aligned with your organizational culture. Many business leaders fail in this area simply because they focus primarily on hard skills and forget about the critical soft skills that they’re truly looking for. And these skills aren’t just applicable in property management. They’re things many hiring managers in every industry are starting to actively seek.
As a leader in the property management industry, you are already well aware of and probably play a significant role in the organizational goals that include revenue growth. Sometimes this can seem much easier said than done, especially given the amount of competition within the current marketplace. But with numbers to crunch and objectives to meet, there’s little time to waste pondering your options. Here are a few areas of opportunity to consider that may help fast track your company’s success.
We recently shared some tips on how to make your professional networking more worthwhile. But what happens if you’re struggling with initiating that communication in the first place? The truth is, in property management, connecting with people on a daily basis is a critical part of doing your job, whether it’s getting help from a colleague, discussing something with your boss, contacting a client or reaching out to a vendor. More importantly, you have to do so effectively. If you are making any of the following four mistakes, it could be harming your chances for ongoing success.
Every savvy business professional knows that keeping customers happy is a critical component of success. But what happens when something goes wrong, like an unexpected delay? Is there a way you can still salvage that relationship? In most cases, the answer is yes – provided you adequately manage the client’s expectations.
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.
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.