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Top 10 Habits That Will Make You a Successful Property Manager

 10-habits

Just started in the property management business? Or struggling to become successful as one? Well, no one becomes successful overnight.

It takes some effort and strategy to keep up with the fast-paced and highly competitive nature of the industry.

You need to keep on working and updating your skills to succeed in this field.

If you are trying hard to become a successful property manager, here are 10 habits that you must start practicing today. 

 

1. Wake up before sunrise

Most of the highly successful property managers tend to rise early. Waking up early can give you a higher level of energy for the day ahead. Utilizing those extra hours in the morning can make you more productive. 

 

2. Positive attitude

The property management realm is like a rollercoaster ride with significant highs and nerve-wracking lows. So, the attitude you have can make or break your ability to do well.  The positive, can-do attitude goes a long way when it comes to earning success.  

 

3. Do not procrastinate  

The property manager must know how to get things done within the timeframe. It is essential for a property manager to determine the priorities and complete the task without dragging their feet.

 

4. Stay updated 

The real estate industry keeps evolving with the emerging trends related to real estate. Various software, mobile, and cloud solutions are there to make the process more efficient and easier.  A successful property manager must be aware of all the latest trends in the field to keep pace with these changes.

 

5. See opportunities behind the obstacle

Sometimes hurdles bring a major success. Proactive attitude works wonder especially when it comes to property management.  Learn to turn your opponents into an opportunity to achieve success.  

 

6. Learn from mistakes 

You should learn to convert your failure into a success.  Just knowing how to manage a property won’t make you successful.  Knowledge of real estate-related fields like online marketing and accounting also counts when it comes to property management. 

 

7. Time management

The effective time management skill helps the property managers to become more productive and efficient. Break up your day into smaller schedules devoted to a single task at a time and make sure to stick to the routine.

 

8. Impeccable organisation

As a property manager, you may have to deal with many challenges thrown your way. To tackle all these in an efficient way, good organizational skill is essential.  Thanks to the latest technology that makes it easier to find good tenants, track landlord-tenant disputes and deal with maintenance issues.

 

9. Focus on goals

An effective property manager sets up definite goals and works on it to achieve the objective.  You must have both long- and short-term goals in place along with an effective strategy to address potential obstacles along the way.

 

10. Exceptional communication

It is not easy to keep the colleagues and clients in the loop. Communicating and engaging with clients, tenants and suppliers is a good approach to maintain positive relationships.  Try to be transparent and be honest to reap the benefits of a good deal. 

Make sure to incorporate these habits into your life to successfully manage the properties.  Use Bricks+Agent's property maintenance software to make the process that little bit easier. 

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Topics: Insider, Property Management Advice

Jon Stul

Written by Jon Stul

Having spent over 12 years in the real estate industry covering all facets from residential through to commercial, established and off plan properties and sub-divisions, he has an in depth knowledge of the industry. Stepping out of the industry four years ago and moving interstate to expand a frozen yoghurt chain that has gone from 1 to 4 stores in the time he has been involved. This was recently sold to Made Group. Real estate has always been in his blood and it was a natural fit to start Bricks + Agent given the amount of insight he has into the industry as a whole. Having seen how all different forms of traditional marketing was used to the direction that it is now heading today, we think we have come up with a truly unique proposition that fits into the current state of the property maintenance market.