Management and Leasing, together is better

I am a Property Management expert, not a Leasing expert, so my thoughts on this subject should be understood from that bias, but I believe there are some important reasons to keep both services under one roof.  I understand it’s not a simple question.  Owners may like their Property Manager, but feel a different company could do better on the leasing side.  Or vice versa.  Both services have to produce results, period.

When it is possible, however, they should be kept together.  Here is why.  When Leasing and Management teams work together, they produce better results.  They work together better when they are within the same company.   A property’s Leasing Agent can and should give the property’s Manager feedback on the property’s appearance as it relates to their leasing effort, and this communication can have dramatic and positive results on the leasing effort.  Timely introductions of new tenants by the Leasing Agent to the Manager can help get that relationship off to a good start, and smooth the tenant’s transition into the building.  These things may seem simple, but often they are overlooked when two companies are involved.  It’s challenging within the same company, and yes, even with two companies it can be done.  It’s just easier to get done when a single company has accountability.

 

 

 

Our heads are in the clouds

Because that’s where our new Property Management software is.  We are 99.99% converted from our previous ancient property management software, and we are already producing better looking reports, faster tenant invoicing, and much greater flexibility in using the software.  What’s making us crazy, though, is that we have to take the time to learn the darn thing, we can’t just hit the ground running.  It takes us humans time to learn something new, time to learn all the ways the new system can help us. We want it NOW, yet just remembering how to log in is a challenge.  We love progress, but we hate change.

We’ll start using the work order module soon, we’ll get the tenant portal up & running, and integrate the automated A/P system.  Right after we find where we wrote down that new password.

 

Gearing Up to Get Better in 2012

Property Management is a busy enterprise.  Events have a way of dictating your schedule, even with careful time management.  So working to get better is challenging to find time for, but not finding time for it is not an option when you’re determined to grow and provide better and better services to your clients, and that includes us at SCM.

So we almost have to “sneak up” on improvement.  We talk about it at huddles, and we or in pizza or tacos while we watch a webinar.  Webinars have become a major way we work at improving our skills, especially when it is free, as in the case of those provided by our insurance company Liberty Mutual.  This year the plan is to watch the one on disaster preparedness and a new webinar on, of all things, learning best practices for “observation.”  How to see, now that sounds like an interesting one.  Who said Property Management was boring (not me,   that’s for sure).   it is apparently the case that it takes skill to be able to take in all the elements of a situation, and it’s a skill that can be learned.  Sign us up for that one.

Then there are a couple of webinars on understanding liability insurance.  I realize I may be in a distinct minority in saying this, but I think it’s helpful for Property Managers to gain a good understanding of the ins and outs of insurance.  it seems to me that this is an area we can add value in, and I’m all about adding value, so my Property Managers and I will be front and center for that one.