Mindy Sharp's Blog

Managing any property requires a true commitment from the on-site team. There are so many responsibilities involved that many Managers simply burn out and try to ride it out with their heads buried in so-called busy work each day without any regard for tackling the tough management issues.

One of these tough issues is also somewhat controversial, considering what is going on with the Martin case in Florida and the Price case in Ohio. However, it is an important issue to discuss and understand. Many crime-ridden properties face the issue of trespass every day and Managers should be well versed in this subject. I feel issuing Civil and Criminal Trespass Notices can work very well for addressing unwelcome people who enter your property.

What are you supposed to do to “turn around a troubled Section 8 property?” Some people may not like my answer; however, since this is my forte, I will give you a succinct, straight forward answer – you can’t – UNLESS you are committed to doing what it takes. I feel strongly that just because you work on an income based property, there is no reason not to manage with pride and provide the best living experience for your residents. But it takes more than someone coming to work at eight o’clock each morning and running out the door at five o’clock each evening. I can tell you almost every project based Section 8 property struggles with discouraged management at one time or another. Until you can walk on that property at 8 AM ready to face whatever comes your way, then you aren’t approaching that property ready to do it justice.

My first Section 8 property (when I was hired it was because the manager  did not even know how to turn on her computer, much less master the newly installed property management accounting software program. She was an acquaintance of mine and recruited me) was rough with more than 300 police calls each month. The Manager’s office contained stacks and stacks of files in varying stages of recertification. Rent checks had not been input into Yardi for 3 months. I asked if the money had at least been taken to the bank? Some had, but not all of it had, evidenced by a stack of checks I found inside the bank bag.

Do you work better alone or in a group setting?

Well, do I have a choice????

Can you sell an apartment withOUT all the bells and whistles?

I love, love, love the world of real estate and all that it entails. I love discussing designs, upgrades and I love poring over floor plans.

How many times a month does your Leasing Office receive requests for updated Market Surveys? Do you cringe when you see these come through the fax machine or when you recognize other properties’ telephone numbers on your Caller ID? I think it is only human to react this way, especially, when you feel like they ask the same information month after month.

 The BEST Leasing Manager I ever knew (and it sure wasn’t me!) and I worked out a different way of obtaining the most accurate and reliable property information so that our Market Surveys were always easily updated. I use this technique as well when gathering market information for possible acquisitions as well.

 I dislike wasting time and I dislike “busy work.” Busy work, to me, is when a company hires a new or inexperienced Leasing Consultant and assigns him or her the task of doing the monthly Markey Survey. (And you know the person who USED to get this chore each month is secretly happy to be relieved of this!) So, the new person asks which properties to call and proceeds to do so. He or she sometimes never even introduces him/herself to the person who answers the phone and usually says something like this: “Hi. I was wondering if you could answer a couple of questions for my Market Survey?” When the person says yes, then the Consultant starts in with fifteen different questions as to the size of the units at your property, how much do they all rent for, what is the square footage for each unit style, are you running any specials, what amenities does your property offer, do you take pets, how much do you charge for Pet Fees and Pet Rent (often times interspersed with his or her own opinion as to these charges), followed by, “What is your current occupancy?”