10 Habits of Successful Property Managers

Property management is a fast-paced industry and highly competitive niche. To stay ahead of the competition, it’s important to have the necessary skills and abilities that keep you up to date and in-the-know. These 10 habits of successful property managers will help improve both your professional and personal life.

10 Tips for Property Managers

1. Communication is Core

Templates are imperative for property managers to streamline the communication process. This reduces the need to redo the same thing over and over again and ultimately saves time.

2. First Impressions are Important

First impressions are everything and how you present your company on your website are just as important as the properties you show. Be tidy online, in office, and in person.

3. Get Organized

Thank goodness for organizational technology! Modern technology makes it easier to keep things in order these days and can do things like help find good tenants, track landlord-tenant disputes, receive messages, and market your properties.

4. Clearly Defined Expectations

To ensure a good relationship with your tenant, you have to establish healthy boundaries and clearly define your expectations from the very beginning. This starts with clear communication and following through on anything you say you’ll do.

5. Time Management

Managing your time is important to become more productive and efficient. Create a daily routine, plan out your day ahead of time, and stick to your schedule.

6. Make a Playbook for Growth

Great property managers take advantage of every opportunity to market their business. As your portfolio grows, so will your business plan.

7. Do Not Procrastinate

Successful property managers know how to get things done, prioritize and exercise good work habits. They know what needs to be done right away, and can easily asses what can be dealt with at a later time.

8. Stay Current

The real estate market is constantly changing. Stay current on things like rule changes, regulations, rent rates, and market trends. Property owners want to know the manager they’re working with is an expert in their respective field.

9. Make Yourself Available

Making yourself available when clients need you is vital. Respond to emails and phone calls in a timely manner and let your clients know that you genuinely care about resolving their issue as soon as possible.

10. Positive Attitude

Always maintain a positive attitude at all times. When the market isn’t going the way you want it to, you’ll want to stay calm- especially when a tenant issue arises.