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A Career in Property Management

May 7, 2021

If you are looking to break into a new career, property management could be the right direction for you.

If you are looking to break into a new career, property management could be the right direction for you. A property manager is a person that specializes in ensuring that rental properties are operating efficiently within the guidelines given to them by the property owner. Property managers not only have to fulfill the needs of the owner, but also the residents. Making sure to know everything about the property, whether it is commercial or residential, is essential for the success of any property manager. There are roughly 281,345 property management companies in the United States, making it a career with ample opportunities for anyone willing to put in the work. 


With an annual employee turnover rate of 33%, well above the U.S. national average rate of 22%, there are ample opportunities to prosper in this field. As of December 4, 2020, the average annual salary for a Property Manager in the United States is $47,036. Sounds like a great career to get into, right? If you are someone with drive, a good attitude, great communication skills, and are willing to get the experience needed, property management could be the right career for you. 


What Do Property Managers Do?


The main goal of any property manager is to make sure that everything is operating smoothly within the rental property daily. There are many aspects that must be taken care of by the property manager to keep the property running. The following is a list of some of the tasks you can expect to be responsible for as a property manager:

 

> Take Care of Residents 


Making sure that residents are taken care of is a crucial part of being a property manager. If a resident has faulty equipment or they need a repair, the property manager needs to make sure that they have maintenance fix these inconveniences so the resident can use the amenities in the property. Keeping the property presentable is also key to keeping residents happy. Maintaining flowers, keeping the grass mowed and making sure there is no trash on the property will help cultivate a good relationship with residents.


> Closing on Future Residents


Depending on the size of the property, the property manager might also take on the role of a leasing agent. Usually, if the property has more than 200 residents, the property manager will focus on the duties needing to be done after the lease is signed. However, in smaller properties, property managers might have to secure future residents. To close on future residents, you must know how to handle telephone inquiries, reply to emails, get appointments to show the property and show the property to the future resident. When starting out in property management it is important to get trained in these areas. Leasing Temporaries is a great example of a company that trains their staff before they ever get a temporary job as a property manager or leasing agent. 


 Handling Telephone Inquiries

The objective of a successful property manager while handling telephone inquiries from a future resident is to gather information, establish a relationship, and set an appointment for the future resident to come and see the property. To meet these objectives, the property manager needs to be professionally trained in telephone etiquette, have a positive attitude and have extensive knowledge on their property. 

 Replying to Email Inquiries

It is important for a property manager that also handles leasing to be trained in replying to email inquiries. Future residents that contact a property via email are highly interested in the property, yet 70% of these leads are never contacted! Replying to these emails as soon as possible is crucial to getting a close. When online future residents are called back within an hour the closing success rate is 93%. After just 8 hours, the rate falls to an 84% failure rate. This is why it is so important to get in touch with these leads immediately and be trained in proper email etiquette. 

 Showing the Property

No matter if the property is residential or commercial, a property manager knowing how to show the property is key to closing on the lease. Being trained on how to plan your tour route, property curb appeal, showing your target units, and getting the property market ready is pivotal for anyone wanting to have a successful career in property management. Some critical success factors when showing a property include being on time, looking presentable, making sure the property is presentable, and having extensive knowledge on the property. 

 Closing 

From the first moment that you contact the future resident, closing begins. Everything done during the leasing process is leading to the close. With training, a property manager can acquire key knowledge that enables them to become a successful closer. Knowing different closing methods and how to converse with future residents is something that property managers should be trained on if they want to have a good career in this field. 


> Setting Rent


One of the most common jobs that the landlord passes to the property manager is setting the rent. As a property manager, you must know the property, the area and prices of the comparable properties that are close. Having this information allows you to make an informed decision on what the rent should be to draw in tenants and make a profit. 


> Collecting Rent


Setting up an appropriate system for collecting rent from residents is a task the property manager must handle. Usually there is a collection date the residents must pay their rent by and it is the property manager’s job to make sure everyone pays their rent. Evictions are the responsibility of the property manager as well so keeping track or rent payment and knowing eviction laws is prudent in this career.


> Managing the Budget


A property manager must manage the budget for the property and make sure to keep important financial records. Being able to manage the budget is crucial for turning a profit on any property. Property managers should have knowledge in accepted accounting practices for accurate bookkeeping, tax and investment purposes. Records kept by the property manager should include all income and expense; a list of inspections, signed leases, maintenance requests, complaints, records of repairs, cost of repairs, maintenance costs, and a record of rent collection.


How to Become a Property Manager?


Now that you know what a property manager is and the responsibilities you would have to take on, it is important to know how to become a property manager. Qualifications can vary depending on the property and the employer’s needs. Below are a few ways you can build your resume and stand out from other applicant’s when applying for a role in property management:


> Take Real Estate Courses


Going to a vocational school and taking real estate classes can help develop your credibility as a property manager. Getting a certificate, such as a real estate license, can help to boost your resume and signals to the employer that you know what you are doing. 


> Experience


Having previous experience with jobs related to property management, such as a leasing agent, can help you break into the property management world. Gaining experience helps you to develop knowledge about property management and build a network of people that you know within the industry. Temporary property management staffing agencies, such as Leasing Temporaries, can give you great experience and training that will help your career path.


> Education


Some employers will hire a property manager with only a high school diploma, some will not. If you do not have a bachelor’s degree, it is ok! That is where experience, training and taking real estate courses can help push you further in this industry. Starting out as a temp and Leasing Temporaries can give you the training, experience and network needed to succeed in the industry. Having a degree can help, but experience, a vast network and in-depth training can put you above the rest. 


Get Started Now!


If property management seems like the career for you, do not wait. The sooner you start gaining experience, the sooner you will become a property manager. Starting as a temp at a place like Leasing Temporaries can help kick start your career in this industry. Apply to other related jobs and build your network. With high turnover rate, you can become a property manager quickly if you take the right steps. The only person standing between you and your dream career is you, start today! 



(614)986-7590

info@leasingtemps.com

www.leasingtemps.com


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The property management industry is evolving rapidly, and the expectations placed on leasing agents have never been higher. In an increasingly competitive market, providing excellent service is not just a goal—it’s a necessity. One of the most effective ways to ensure consistent performance and exceptional customer service is through mystery shopping. Whether you’re a property manager looking to enhance your team’s skills or a property management staffing company like LeasingTemps , mystery shopping offers invaluable insights to improve leasing performance. What Is Mystery Shopping? Mystery shopping is a tool used by businesses to evaluate the customer experience. In property management, a mystery shopper poses as a prospective tenant to assess leasing agents’ professionalism, knowledge, and ability to close deals. This service provides an unfiltered view of how your team interacts with prospects and highlights areas of improvement. The Benefits of Mystery Shopping in Property Management 1. Evaluate Customer Service Skills Leasing agents are the face of your property, and their ability to engage with potential tenants can make or break a lease agreement. Mystery shopping: Identifies strengths in communication and rapport-building. Pinpoints gaps in service, such as missed follow-ups or lack of enthusiasm. 2. Assess Leasing Skills A well-trained leasing agent knows how to highlight a property’s features and address tenant concerns effectively. Mystery shopping evaluates: How well agents promote the property. Their ability to handle objections and guide prospects toward signing a lease. 3. Ensure Policy Compliance From fair housing laws to company-specific guidelines, compliance is crucial. Mystery shopping ensures: Adherence to legal requirements during interactions. Consistent application of internal policies and procedures. 4. Boost Team Morale and Accountability When done constructively, mystery shopping isn’t just about identifying problems—it’s about celebrating successes. Sharing positive feedback can boost morale and motivate agents to maintain high standards. How Mystery Shopping Works The process typically involves these steps: Customized Evaluation Criteria : Define what you want to measure, such as communication skills, property knowledge, or sales techniques. Shopper Assignment : Mystery shoppers visit your property or conduct inquiries via phone or email, mimicking real prospect interactions. Detailed Reporting : After the visit, you’ll receive a report detailing the shopper’s experience, including areas of strength and opportunities for growth. Real-Life Success: The Impact of Mystery Shopping Consider this scenario: A property management company noticed their leasing rates were declining despite steady traffic. After implementing mystery shopping, they discovered: Leasing agents were not asking closing questions. Prospects were not being offered additional services, like virtual tours. With targeted training based on mystery shopping feedback, the team improved their lease conversion rate by 20% within three months. Why Choose LeasingTemps for Mystery Shopping? At LeasingTemps , we specialize in mystery shopping for the property management industry. Here’s why our clients trust us: Tailored Evaluations : We understand the nuances of leasing and create custom evaluations to fit your needs. Experienced Shoppers : Our team includes individuals familiar with the industry, ensuring detailed and accurate assessments. Actionable Feedback : Beyond reports, we offer training solutions to address specific challenges identified during mystery shops. Take Your Leasing Team to the Next Level Mystery shopping is more than just a performance review—it’s a tool for continuous growth. By identifying areas for improvement and celebrating successes, you can create a leasing team that excels at every interaction. If you’re ready to improve your leasing team’s performance and enhance your property’s reputation, check out our training and mystery shopping services . Together, we can make every tenant interaction a success.
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In property management, the success of any business is closely tied to tenant satisfaction. A positive relationship between tenants and property managers plays a pivotal role in ensuring long-term occupancy and reducing turnover, ultimately leading to higher profitability and fewer vacancies. One of the most effective ways to foster these relationships is through top-notch customer service. When property management staff are customer service-oriented, they create a welcoming, responsive, and supportive environment that significantly impacts tenants' experiences. This blog post explores why customer service is vital in property management staffing, how it contributes to tenant satisfaction, and the benefits it brings in reducing turnover. Why Customer Service Matters in Property Management Property management is unique compared to many other industries because it involves maintaining ongoing relationships with tenants, often over several years. These tenants rely on property managers not only to provide them with a functional and safe living environment but also to address concerns and needs quickly. Every interaction between tenants and property management staff impacts the overall experience, making customer service a central component of success. There are several key reasons why customer service plays a crucial role in property management: 1. First Impressions and Onboarding The first interaction a potential tenant has with a property management team sets the tone for the entire relationship. A friendly, informative, and helpful staff member can make a significant difference in whether a prospective tenant chooses to rent from that property. From answering questions to facilitating tours, customer service during the onboarding phase is crucial. A smooth and welcoming experience not only attracts tenants but also makes them feel confident in their decision, starting the relationship on a positive note. 2. Building Trust and Rapport Trust is the foundation of any successful relationship, including that between tenants and property management staff. When tenants trust their property managers to handle issues professionally and promptly, they are more likely to feel comfortable and satisfied with their living situation. Building trust comes from consistent, reliable communication and responsiveness. Staff who show empathy and understanding when handling tenant requests or complaints contribute significantly to the tenant's overall sense of well-being. 3. Effective Communication Communication is central to any relationship, and property management is no exception. Clear, respectful, and timely communication fosters a sense of trust and reliability. Property managers who take the time to explain procedures, update tenants on maintenance work, or provide information about property policies make tenants feel valued. Proactive communication—such as notifying tenants in advance of scheduled maintenance or changes in policies—demonstrates that the management is attentive to their needs. Tenants are more likely to stay when they feel informed and heard. 4. Resolving Issues and Handling Complaints In any rental situation, problems are inevitable—whether it's a maintenance issue, a billing question, or a noise complaint. What sets a great property management team apart is how they handle these problems. Tenants appreciate prompt, effective resolutions to their issues, and the speed and professionalism with which complaints are handled can either strengthen or weaken the tenant-manager relationship. Customer service-oriented staff understand the importance of listening to tenants' concerns and taking swift action, preventing small issues from escalating into larger disputes. 5. Creating a Sense of Community Properties are not just buildings; they are homes where people build their lives. Property management teams that focus on customer service contribute to creating a sense of community among tenants. Organizing events, communicating about community activities, and encouraging a respectful, harmonious living environment make tenants feel more connected. This connection often leads to higher satisfaction and a desire to stay within the community longer. How Customer Service-Oriented Property Managers Reduce Turnover One of the biggest challenges in property management is tenant turnover. Each time a tenant leaves, property managers must invest time and resources into preparing the unit for the next occupant, including marketing, cleaning, repairs, and screening potential tenants. High turnover can quickly drain resources, while tenant retention can lead to steady cash flow and lower operating costs. Here’s how customer service-oriented property management staff can significantly reduce turnover: 1. Enhancing Tenant Satisfaction Happy tenants are more likely to stay in their units. When property management teams provide excellent customer service, tenants feel appreciated and valued. This leads to higher levels of satisfaction and a lower likelihood of tenants leaving at the end of their lease. Studies show that tenants are more willing to overlook minor inconveniences or higher rental costs if they feel they are being treated well. In contrast, even a perfect property in terms of physical maintenance won’t hold onto tenants if the management staff is rude, unresponsive, or dismissive. 2. Addressing Problems Before They Lead to Turnover Often, tenants leave properties because their concerns are not addressed in a timely or satisfactory manner. It may be a chronic issue with maintenance, unresolved noise complaints, or general dissatisfaction with management's responsiveness. Customer service-oriented staff actively listen to tenant concerns and work to address them before they escalate. By staying proactive, they can resolve potential issues before they cause frustration and lead to a decision to move. 3. Fostering Long-Term Relationships Personal connections matter in any service industry, and property management is no different. When property managers know their tenants' names, remember important details about their living situation, and show genuine concern for their needs, tenants feel more attached to the property. This sense of connection fosters loyalty, making tenants more likely to renew their leases. Staff who go the extra mile to ensure tenants feel comfortable and appreciated make a lasting impact. 4. Creating a Stable Living Environment High tenant turnover disrupts the stability of a community. When tenants constantly come and go, it can create a transient feel, making it difficult for long-term residents to feel settled. Customer service-focused property managers help to maintain stability by cultivating a community atmosphere where tenants feel at home. This sense of continuity encourages tenants to stay longer, as they feel secure in their surroundings. 5. Positive Word-of-Mouth and Referrals Satisfied tenants are often the best advocates for a property. When tenants have positive experiences with management staff, they are more likely to refer friends or colleagues to the property. Word-of-mouth recommendations reduce marketing costs and attract quality tenants. Additionally, positive online reviews can enhance a property’s reputation, drawing in prospective renters who value excellent customer service. This referral cycle leads to lower vacancy rates and fewer resources spent on acquiring new tenants. Best Practices for Customer Service in Property Management Staffing To ensure property management teams provide excellent customer service, it is essential to implement best practices that promote tenant satisfaction and retention: 1. Training and Development Property management staff should receive regular training on customer service best practices. This includes communication skills, conflict resolution, empathy training, and problem-solving techniques. Investing in staff development ensures that they are well-equipped to handle the various challenges that arise in property management. 2. Creating a Customer-Centric Culture Management should foster a culture that prioritizes customer service at every level. From the front desk staff to maintenance teams, everyone should be aware of the impact they have on tenant satisfaction. Encouraging a customer-centric mindset ensures that staff consistently strive to exceed tenant expectations. 3. Implementing Feedback Systems Actively seeking feedback from tenants allows property management to understand what is working and what needs improvement. Implementing regular tenant surveys or providing easy ways for tenants to share their thoughts helps management teams stay proactive. Addressing feedback in a timely manner shows tenants that their opinions are valued and taken seriously. 4. Setting Clear Expectations Tenants should know what to expect from their property management team. Clear communication regarding maintenance schedules, office hours, and response times sets the standard for interactions. When tenants are aware of what to expect, they are less likely to feel frustrated by delays or misunderstandings. 5. Utilizing Technology for Better Service Technology can enhance customer service in property management. Online portals for rent payments, maintenance requests, and communication provide tenants with convenient and efficient ways to interact with management. 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