mercredi 12 mars 2014

A Property Manager's Keys To Success

By Maryl Joop


It can be an extremely stressful situation to build your company. One thing that is even more stressful is to put its future in the hands of people who you aren't sure are even capable of doing what you need done. With all of this stress there are ways to make sure that you choose the right employees. Here are some ways to make the right choices.

Duties

This is an obvious thing that every employer needs to look at when they are choosing employees. It is the "how" that is not as obvious. You need to be able to ask the right questions and more and more employers are having employees do a sort of tryout that requires them to show what they can really do.

These general duties include such specific services as composing lease agreements, screening rental applicants for selection, collecting rent from tenants, coordinating repairs, maintenance and general upkeep of the property as well as marketing vacant units for rent. By understanding the duties and specific responsibilities of a property manager, one will be able to focus on what they can do to become effective and efficient in carrying out those duties, which are simultaneously the keys to success for any property manager.

While no official actions should be taken until the employee has been fired, it is a good idea to begin planning out which of your employees will be able to take over the extra workload until a new person can be hired. Especially in the case of a firing that is done to keep the company profitable, it seems like a waste to let an employee go, only to lose potential business while the company scrambles to take over the work and accounts the fired employee left behind.

Even more important than the skills that your future employee will have, is their all-around character. Are they honest? Will they be responsible and reliable? How do you measure this? Many employers will check their resume and see what they have done in the past and will ask them specific questions to find out as much as they can about the nature of the applicant.

Look to the future

A property manager can accomplish this by becoming more efficient in the carrying out of day to day operations. One of the best ways to become more efficient at managing a property is to develop and cultivate solid working relations with contractors in the area who will be able to perform quality work on the property with short notice and excellent results.

It takes some substantial risk when you finally make an executive decision. You never know how well they will do until you give them a try. Sometimes you can do just that with internships but even then, you never know what they will do when they become actual employees. You have to be willing to give them the reigns and empower them by trusting them. Sometimes this can create huge problems, especially if you didn't do enough background checking and you didn't get enough information to make a good decision. But when it is a good choice, you will find that things get done much more effectively than you even expected.

By understanding the duties of a property manager, what their purpose is, and how to make the duties more effective, a new property manager will be able to have all the keys to success they need.




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