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Huge Opportunities for Mentorship Programs in Multifamily

Huge Opportunities for Mentorship Programs in Multifamily

I remember back when I first entered the industry, I was participating on an Yahoo newsgroup for the multifamily industry, possibly run by Lisa Trosien, and I got into an online discussion with Doug Miller.  I was being brash and probably arrogant with my opinions, and Lisa took the time to share with me how Doug was a respected leader in the industry and I might want to tone it down a bit.  I always look back at that moment as a time where someone mentored me by helping me realize how the way I was coming across to others was not the way I would want to be perceived. 

What I found most important about that story was that I can’t imagine an alternative way I would have learned that critical lesson.  Was I going to learn it by reading a book, attending a class, or paying for a seminar?  I don’t recall seeing a class called, “Brent, you are being a jackass - stop it.”  And this is why mentoring is so very valuable.  Mentoring creates a relationship that fits with the custom needs of the mentoree, guiding them through their specific challenges in their career, and sometimes even beyond their career.  A mentor can assess issues that the mentoree might not even know about.  Or maybe the mentoree has questions but doesn’t feel comfortable asking a superior or trainer.  There are several scenarios where traditional training can never replicate what a mentor can provide.

So why am I talking about mentoring?  We just released our very first Professional Development Research Report (which is free to access), and amazingly, only 25% of people reported having a mentor!  And even of those, almost all were unofficial mentors – only 1% of respondents said they had an “official” mentor.  There is so much opportunity for creating mentorship opportunities that we should be doing more to foster them.

For those of you who have a mentor, or who have mentored others, I would love for you to share how that relationship has impacted your career in the comments below.  Also, Mary Gwyn created a discussion post on mentor programs, as well, so check it out! 

 
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Isn't it amazing how that has filtered down and you are now the mentor giving similiar advice as what you received from Lisa Trosien. If Lisa is where the root of your professionalism, guidance, and leadership comes from, then even I owe Lisa credit for mentoring my mentor!

  Felicia Norman
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It's like a mentoring family tree!

  Brent Williams
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Mentor programs often produce the kind of employees who eventually rise through the ranks and become leaders themselves, armed with the knowledge and skills that have been passed on to them. Mentoring is good for the mentor, too. Good mentors value ongoing learning and growth. Mentoring others provides them with opportunities to learn as they teach. Managed correctly, and with the right people in the program, mentoring can have an enormous, positive effect on your organization.

  Christi Wedel
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I have been in the property management field for 12 years and my first mentor was my property director, Donna Tucker/Sumberg. She helped me to understand the complex relationship between landlords and residents in California and the strict fair housing laws we are held to. She also taught me how to effectively diffuse conflict while still providing great customer service. Without her guidance, I am not sure I would have loved my career path with Gerson Bakar & Associates the way I have. On a side note, I have been to a number of events where Lisa Trosien spoke and I am always learning something new from her. She is awesome!

  Jennifer Tetley
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I've served as:
* VP of Property Managment (Commercial)/Director of Operations in Brokerage
* Property Supervisor for Multifamily Property (with Resident Mgr., Maintenance Mgr., Vendors, Cap. Improvements, Finance
* Independent Property Manager in Medical/Dental, Retail, Special Use and some multifamily for REIT's and Individual
Ownership including: Design and Management of Tenant Improvements and residential turn-overs, major equipment
management i.e; Boilers, Chiller Systems, Elevators, Major ADA Retrofitting Project Management
* I have always focused on fiscal viability by closely watching and managing Budgets, P&L's and Balance Sheets, Overseeing vendor calls and charges....GOAL: Always minimizing and eliminating risk, liability and wasteful spending AND Maximizing NOI and ROI.

I'd like to not let my skills and experience go to waste....How can I get involved in your program and offer assistance to Ownership while growing mutual success?

  Michelle Hunnewell
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Hi Michelle,
We don't have a set one-to-one mentoring program, but this is a perfect example of figuring out how to use that wide breadth of knowledge and help the next generation! If you are interested, we are always hoping that more of those in your shoes take the time to be a one-to-many mentor here at Multifamily Insiders. For example, we have those who share blogs with the experiences they have learned and can pass along. Equally vital are those who are there to help answer questions in our discussion forum: https://www.multifamilyinsiders.com/apartment-ideas. It's always amazing to see those who have reached the highest rungs in multifamily taking the time to pass that along to others.

  Brent Williams

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