On September 4, the CARW NextGen class finished out their year of sessions with a panel of professionals in property management. Huge thanks to Margaret Gehring with CBRE, Rick Stoll with Colliers International, and Sherry King with Tishman Speyer for sharing their knowledge and expertise. Moderator Joe Lak with Colliers International led captivating discussions with the group. The panelists and NextGenR’s discussed the most challenging and rewarding aspects of their job, evolution in the industry, the importance of relationships with people, war stories involving cockroaches….and much more!
Key Takeaways:
- The most enjoyable and most challenging parts of the job are the people.
- Property management is a cyclical industry.
- The industry is becoming more and more technologically advanced, and it’s important to keep up. However, property management will always be a people business.
- Tracking the demographics of outgoing and incoming markets will become more challenging to predict.
- Never burn a bridge. Burning a bridge only takes a second, but the negative effects last a lifetime.
- Learn the lessons from losses.
- Do the fundamentals: work hard, show up early, call people, network, volunteer, serve on a committee.
- Don’t micro-manage people. Let your workers show their individual strengths.
- If you’re in a position of hiring, hire for personality, not skill-set.
- Always work on your people skills.
More information about CARW NextGen can be found HERE.