Oh, The Places You’ll Go! The Opportunities in Property Management

opportunities in property management

placesThis title from a Dr. Seuss favorite, is the best description for a response to an inquiry about opportunities for challenges and advancement in Property Management.  A career in property management is different than many occupations.

Success is measured by results.

Special emphasis needs to be offered to individuals newly hired into the industry.  Unlike many employment opportunities; attendance, a good attitude and completing any task that is asked or assigned is not enough.

Focus on Results

Results!  Securing a lease, executing a renewal, striving for resident satisfaction are the components that establish a foundation for a strong successful team member.

  • Understanding the sense of urgency; every prospect has the potential of being a  future resident;
  • committed to asking for the sale, every call and repeatedly
  • the loss of revenue every day that an apartment sits vacant, multiple vacants magnify and multiply the financial loss.

A self motivated individual will have the drive and initiative to “follow up” with prospects.  This individual understands the importance of developing a relationship with a prospect.  Not satisfied with leaving a voice mail, text message or an email until the response is received.  Successful follow-up is a sale or a lease;  not a check box on a guest card to say the task is complete.

Property Management is an industry where hard work and dedication are easily identified, again by RESULTS.  Strong consistent closing ratios, exceptional occupancy, growing revenue and limited concerns for unpaid rent or bad debt loss characterize attributes highly valued in  property management.

Internal Opportunities

Most Property Management Companies strive to promote from within; emphasizing the growth and career opportunities.  An individual familiar with specific policies and procedures builds on the knowledge base and the day to day experiences.   Experience in property management can be applied to organizations in every state in America, as well as foreign countries.  Providing homes satisfies a universal need; shelter.  Successful individuals in this industry appreciate the emotional impact of the decision each prospect is confronting.  Choosing a home for their family.

Property Management is not a “business hours only” occupation.  Emergencies occur when families are at home, nights and weekends.  Residents realize a problem exist when they return home at the end of the day.  Property Management is a customer sesrvice industry.  People can’t take a day off to look for apartments.  They tour properties on their lunch hour, on the weekend, or at the end of a day.  Being available when needed requires individuals with a mindset to serve prospects and residents.  Its no suprise the office phone rings more often from 11:30 til 2 p.m. and increases again at the end of the day.

Staffing a leasing center during the lunch hour, early evening and on weekends is preparation for the opportunities.  Prospects searching for a home.  Grateful to meet professionals prepared to assist them.

Ownership

Successful members of the property management industry take ownership at their property.  Regardless of the location of their personal residence, each repair is evaluated as if the funds for the expense are their own.  Preparation for an apartment turn as if it would be a home for them, or a member of their family.    Acceptance of the repair carries a similar burden;-sloppy careless workmanship is not acceptable.  Curb Appeal care is scheduled based on the property’s physical appearance, not simply by the items on the schedule.

For the newly hired that ask about future opportunities; There’s no limit!  Regional Managers and Chief Operating Officers started their careers as onsite managers.  Attendance at Apartment Association events includes hundreds if not thousands from the property management industry.  I’m proud of my thirty plus years in this industry.

Lori Hammond
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Lori Hammond

Thirty plus years experience in an industry best characterized as "no two days are the same" provides the foundation for Lori Hammond's experience in Property Management.With education and career experiences in Mid-Michigan, the audience for the blog Property Management Minutes is growing.Connect with her on , Linkedin, and on Blog.
Lori Hammond
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One thought on “Oh, The Places You’ll Go! The Opportunities in Property Management

  1. There is much said about leasing, not all PM positions require leasing. I agree with everything else. The bottom line profitability and meeting owners goals and objectives are also a major roll for the PM. I too am very proud of many years in the PM business.
    Thank you
    Joe