What do you most enjoy about property management? The challenge of leasing to a new prospect, the ability to impact a resident's life, collecting rent (!), seeing financial improvements at the property, what??
I'll start: If you ask people about the favorite living situation they have ever had, you'll hear all sorts of interesting stories that often have little to do with the physical amenities. Usually, you will hear stories about how they had a lot of friends that shared common interests and hobbies living there, creating a vibrant place to live. So often, their favorite place was dictated by the experiences they had and the relationships they created. So my favorite part of property management is the idea of unlocking that secret recipe, so that our residents find common ground to build meaningful relationships, so that they not only renew, but would actually be devastated if they had to leave.
Your turn! Share what inspires you about property management!