When it comes to managing property in the states, there are a few tips you should know. Do you struggle with organizing your time? Do you find it hard to source companies? Then this article is exactly what you need to read. Here are the top 5 skills you need as a building owner, courtesy of Pasadena Property Management!
Property Managers Need These 5 Skills!
Pasadena is filled with beautiful old buildings – but what skills do you need to manage some of them? Let’s find out!
The very first skill any property manager needs is organizational skills. Whether this means a filing cabinet in the living room or a neatly arranged online storage system… make sure you back everything up. Tips for being better organized include buying and using a diary, using desk notes, setting reminders in your phone, and even setting alarms to remind yourself to do things.
2. A Good Memory
Memory is difficult – but you can train your brain. A good psychological trick to make yourself remember to do something is to move an office object so it is not in the right place. Every time you see it, you will wonder why it is sitting where it is, then remember what you meant to remind yourself. Lifehacker has a few more psychological tricks to help your memory.
3. Business Knowledge
It’s not just about the properties; it’s a business, too. If you have good business skills, you will do better as a property manager. Some sources suggest you acquire a business management qualification to help you manage the business end. You might be the best landlord ever and still be losing money… it all comes down to business acumen.
Learn how to be honest, open, and true to your word. Clients are much more likely to trust a diplomatic property manager than they are to trust one who is blunt or abrasive. To improve diplomacy skills practice analyzing your own strengths and weaknesses more often. Check what you are doing, empathize with the client, and amend your ways.
Like anyone working in the public sector, property managers need copious amounts of patience. The customer isn’t always correct, but you still need to bite your tongue and listen to your tenants, clients, or the people you want to sell to.
It’s a skilled role, to be a Pasadena property manager. It takes guts, grit, determination, and enough patience to make it work. Clients are few and far between depending on the role of your property. If you rent office space, for example, you might find yourself in a difficult spot during these trying times.
In short, you need a property management firm that can represent you. When hiring, try to think of the key skills we have outlined in this article and you won’t go wrong. The properties are out there, and the clients need to be served. Can you say you have what it takes to become a market-leading property manager?