In the property management industry, meetings are a necessary evil. But, let’s face it. They can be pretty brutal. If your meetings aren’t producing the kind of positive, collaborative results you’re after and seem more like a waste of time than anything else, not only could it be impacting employee morale, but it could be damaging your bottom line. The good news is, you probably just need to shake things up a bit. Here are five ways to do so below.
Ever wonder how some people always seem to come up with great ideas? The thing that almost always sets these individuals apart is the way they manage their time and stress, both of which can stand in the way of creativity. Specifically, they divert at least some of their time and energy away from focused thinking. The truth is, being hyper-focused may be great for productivity, but it’s terrible for creativity. And since creativity breeds innovation, which is critical to your property management company’s ongoing success, fostering this skill is essential.
One of the most important tasks of being a leader is making decisions. On any given day, you may be faced with dozens of different choices, many of which will inevitably have a significant impact on your property management company and those who work within it. The more decisions you make – especially the big ones – the more you may feel your energy being tapped. This is a common situation known as decision fatigue, and it can be downright exhausting. If you’re struggling with this, here’s how to boost your willpower and overcome decision fatigue once and for all.
It takes a village to run a successful property management company. Without the hard work and tireless dedication of your team, your business wouldn’t be where it is today. As such, taking the time to let your employees know you appreciate them can be one of the best investments you make. What’s more, when people feel appreciated, they’re more engaged. In other words, everyone wins.
One trait that top employers have in common is that the people who work there trust and enthusiastically follow their leaders. They are happy and engaged. And the research is unequivocal. When employees are happy and engaged, the whole business benefits. To get there, you need leaders in place who are strong, trustworthy and human-centered. Not sure how to identify these traits? Here are five specific things to look for.
While offering paid time off isn’t mandatory, time away from work is a critical component of work-life balance. It’s also a perk many top employees value, which means the right policy could help make your property management company a more attractive place for talent. The good news is, there are a lot of different options available to you when it comes to creating and offering a time-off policy. Here are just a few of the many choices you can include.
Strong leadership is crucial to a high-performing, happy property management team. The problem is, the longer a person holds a position of leadership, the more at risk they become of losing touch with their direct reports. Being able to periodically take a few steps back, introspect and identify the signs can help you avoid a career derailment and get you back on track. Below are three signs to watch for that might indicate it’s time for a shakeup.
We recently shared a post that included several tips on hiring ‘A-players’ for your property management company. But while hiring the right people from the start is certainly important, keeping them for the long-haul is equally, if not more critical. Otherwise, you’ll find yourself back at square one again and again.
Keeping your property management business strong and healthy is no easy feat. A big component of success in this area is company culture. With the right internal atmosphere, you can develop and grow a highly engaged, motivated and committed team of talented professionals who will work together to drive your company forward. If your culture is suffering or you’re unclear on which path to take to get to a better place culturally, the following tips should help.
One of the biggest mistakes companies make is overlooking the importance of human resources – and those in the property management business are no exception. You can’t operate a successful organization unless you have the right people and without an HR manager, you can’t get those good people through the door. By filling this role, you’ll end up with a seasoned leader who can turn your human capital into a source of sustainable competitive advantage.