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6 Ways to Empower Women in Real Estate

Happy International Women's Day!

Let's all pull on our sparkly Michelle Obama boots and get in formation. Because even though there have been many strides to empower women in real estate, there is always more work to be done. (According to a 2015 report from CREW, only 9 percent of commercial real estate C-suite positions are held by women.) What can we as an industry do? Here are some suggestions.

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The Top 10 Reasons a Leasing Professional Quits

A few weeks ago Suzanne Hopson asked a great question on the Multifamily ShareSpace - What do you think the top reasons are that leasing professionals quit? 

There were so many great responses that I decided to showcase my personal top 10 favorite comments for why leasing consultants walk out the door.  Enjoy, and feel free to add any additional in the comments!

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Are you being paid better or worse than your peers? View the Apartment Salaries Research Report to find out.

Are you being paid better or worse than your peers? View the Apartment Salaries Research Report to find out.

We just released our 2019 Apartment Salaries Research Report, where we surveyed 894 multifamily professionals from leasing consultants to upper level executives to identify salary trends in the multifamily industry.  We do offer this research report for free to the community; HOWEVER, we have one request:  Before you download, please click to share this post, as this will help us tackle more research projects in the future.

Link to download:  https://www.multifamilyinsiders.com/apartment-forms/file/368-2019-multifamily-salaries-research-report

If you would like access to more multifamily research studies and industry conversations, please follow us on LinkedIn:  https://www.linkedin.com/company/multifamily-insiders/

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How to Maximize the Space of Your Rental Property

image4.jpgMany landlords and other property owners try all sorts of methods to increase the value of their property. It’s always advisable to do so as you can receive some excellent returns for minimal effort. The same goes for the space in your property. There are many methods that you can use, many of which amount to fairly simple tricks that are always effective for renters. Let’s take a good look at the best of them to enable you to maximize the amount of space your property has and thus increase your earnings Hanging Things on the Wall One of the main ways renters and others use to maximize the space of their property is to hang anything they can on the walls to free up the floor space. The thing about this idea is that it’s quite easy to do and yet it’s so effective. Many things can be mounted – from smaller worktops to lights, nightstands, and much more. That way you won’t only effectively maximize space, but you’ll also make the property appear much bigger. Less Space for Beds Beds are an essential aspect of every rental, but they also might clog areas. The bigger beds are more attractive to your potential tenants, but there will be less space for other furniture. Keep the size in proper comparison to the room space, so it doesn’t hamper the flow of the area. You require a massive area for a king-sized bed. The solutions here are several: Murphy beds – many of which are ......
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Tattoo Stigma in Multifamily

Tattoo Stigma in Multifamily
We’ve all heard the banter between folks when discussing their tattoos. I can’t tell you how many times I’ve heard or said, “I was young and dumb” in reference to tattoos. I sometimes feel this way about mine, as they’re quite visible on my hands and arms. I had them done during my stint as a world traveler, not thinking I’d find myself in the corporate world, wearing long sleeves and rings to cover my teenage rebellion’s lasting mistakes. I’ve been lucky enough to develop business relationships without my tattoos acting as a barrier, however this isn’t the case for some. We all know that millennials are changing the game by promoting a more casual approach to work and with their take-over of nearly 40% of the job force, I foresee big changes in corporate standards. Considering that 40% of millennials carry body art, it’s hard to imagine that this 40% would also carry with them an employment disadvantage, right? A friend of mine thinks differently. She argues that visible tattoos are unprofessional and that their stigma will last much longer than my hopeful fantasy suggests. Recently, we toured a downtown Las Vegas community, where our leasing consultant was heavily tattooed. She was dressed casually and had facial piercings. I connected with her and admired her artwork and style, but my friend resented her choice of dress and visible tattoos and our consultant had “lost all credibility” as far as she was concerned. This incident showed the difference in our perception of what’s acceptable in t......
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Implementing Behavioral Assessments - What Will It Do For Your Company?

Implementing Behavioral Assessments - What Will It Do For Your Company?
Say no to interview intuition and use behavioral science to make an objective call.  Once upon a time, I was hired as a recruiter for a high-end employment agency. It was a positive experience and I did well in my position. I had a strong team of coworkers, so I was surprised to learn that they had implemented a personality test for new hires at our company. I was immediately curious and asked if I could take the test. Afterward, I was told I had “failed”. My manager laughed when I asked, “Failed what? Are you telling me I have no personality?”   She had no answers for me and simply said to stop worrying about it.  What was the meaning of this silly test? Turns out it wasn’t the job for me. I’m easily bored and need exciting experiences to keep my attention. Hunting for CFO’s and accountants wasn’t engaging for me unless I was able to steal them from another company and make a lot of money doing it. Yet, even that high was short-lived for someone who thrives under stress and excitement. This is probably why I love the always adventurous property management industry and find myself working in it now.  Over the years, we can perform jobs that are either perfectly suited for us or leave us wanting more and lacking in productivity as we become stale. The assessment I took back then could have given me the tools I needed to find my perfect position faster, and my employers th......
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Turnover or Turnaround? - What You Can Do to Improve Your Company Leadership

How many times have we come across an article on social media that offers the answer to why employees leave? Often, these articles cite bad hiring at entry level, or poorly-structured work environments as the cause, leaving immediate supervisors and regional managers out of the equation. As a performance coach, I find that most companies don’t recognize the need for additional training in management and leadership.   If managers and regionals are having issues retaining employees or managing properties that aren’t performing, it’s not always due to bad hiring. Have we considered that many managers and regionals have never learned the skills to excel as leaders?  The worst offenders are often the most clueless. They don’t understand the severity of their actions toward employees and team members, often to the point of being a liability for lawsuits claiming a hostile work environment. Ever heard the saying, “You can lead a horse to water, but you can’t make him drink”? Anyone who has wanted someone they know to attend counseling will understand that if a person doesn’t realize they have issues, it’s extremely difficult for change to actualize.  So, do we need an intervention? Yes!  Self-realization is key. It’s difficult to coach people who don’t know they need help. Chances are, systems are not in place to identify employee deficiencies specifically. A yearly performance review is not the way to solve management and employee problems. While it can identify problem areas, a review does not provide solutions to those problems. Your company needs an intervention that ......
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Are You Aware Of the 7 Year Rule In Background Checks

I have found that many are not aware of the 7 year rule when running a background check so I wanted to be sure you are all fully informed. The 7-year rule states that all civil suits/ judgments, non-conviction arrest records, and paid tax liens can’t be reported in a background investigation after 7 years. This rule applies to every state in the U.S., some instances, states chose to take it even further with their regulations, such as in California, New York, and Kentucky, where non-convictions can’t be reported at all, except for pending charges. Most criminal convictions are not governed by the 7-year rule. (see this chart for some of the exceptions) Since the 7-year rule is a federal guideline it applies to all states for non-criminal convictions and to many states for criminal convictions, you may find that your background check provider will only provide information according to those parameters. People earning over $75,000 annually may see arrest information longer than seven years in the past included on their background reports due to a Salary Exception, but this also depends on the state. Before requesting the report from the agencies, employers are required to provide the applicant with a clear disclaimer of disclosure and obtain the applicant’s written consent of the query. The employer is also required to inform the applicant about the types of information that will be requested in the report. If the employer decides to take adverse action as a result of the report, they are requi......
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Mike Rowe’s Brilliant Lesson for Finding Your Career: DON’T Follow Your Passion!

Mike Rowe’s Brilliant Lesson for Finding Your Career:  DON’T Follow Your Passion!

We have all heard that phrase, haven’t we?  Follow  your passion and you will never be unhappy with your job.  Mike Rowe may just be my favorite keynote speaker at any NAA Apartmentalize Conference (formerly Education Conference and Expo), and there have been several I have absolutely adored.  His entire speech had me hanging on the edge of my seat in disgust as he detailed out his trip into the sewers of Boston, but this one piece of advice really stuck with me:  Don’t follow your passion. We have heard the opposite all of our lives:  Follow Your Dreams!  So hearing the opposite sounds just wrong.  But as he dug into the concept, I found myself completely agreeing.  The basic premise was that what we are passionate about doesn’t always match up with what we are actually good at.  So while it might sound great to think that we can all somehow achieve the highest echelons in whatever we happen to choose, that path may not be realistic.  He gave the example of so many American Idol contestants who, no matter the amount of passion they had about their singing career, only could muster a screeching, off-key mess.  For those who will never be able to hit the right pitch, is it really the best advice to advocate that they continue to pursue a career singing?  Suggesting that these poor souls continue to focus on their passion is just not in tune with reality, and it could be damaging as they foreg......
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Six Ways to Build a Culture of True Corporate Social Responsibility

Six Ways to Build a Culture of True Corporate Social Responsibility
Being a good corporate citizen has always been the right thing to do. But, let's be honest: many companies haven't viewed making their communities better places to live as part of their core missions. Now, however, practicing corporate social responsibility (CSR) isn't something companies have the luxury of doing only when they feel like it. These days, CSR is a necessity. Stated simply, our employees and our residents are demanding it. According to the 2015 Cone Communications Millennial CSR Study, 91 percent of millennials would switch brands to one that is associated with a good cause, given similar price and quality. Additionally, 63 percent of millennial women and 45 percent of millennial men say their decisions about job offers are impacted by the employer's CSR work, according to the Six-Month Research Update to the 2014 Millennial Impact Report, a study conducted by Achieve. So what should a meaningful CSR program look like at your property management company? In summary, it entails much more than a company making periodic charitable donations, although such donations are certainly praiseworthy. True CSR is an all-encompassing initiative to care for employees, residents and the communities in which a company operates. Below are some suggestions on building a culture of true CSR: Offer paid time off to volunteer. Providing employees with paid time off to volunteer for an organization or a cause of their choice is a great way to both help the surrounding community and support the cases that are near and dear to the hearts......
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