Posted by netintegrity

5 Reasons Millennials Will Benefit Your Property Management Company

5_Reasons_Millennials_Will_Benefit_Your_Property_Management_CompanyThere are a lot of negative references being passed around these days about the Millennial generation. These up-and-comers are being labeled as lazy, narcissistic and entitled. As a result, many in leadership are shying away from recruiting anyone from this demographic. What they may not realize, however, is that many of the characteristics that are associated with the younger generation can actually be leveraged for the benefit of their employers. That said, here are 5 compelling reasons why you should consider hiring Millennials for your property management firm.

They’re Part of Your Target Audience

Did you know that Millennials have an approximate$1.3 trillion annual buying power? That number is going to continue to grow as the group begins to take over the workplace. This means that Millennials are increasingly becoming your target audience. Who better to market for your company than someone who is an integral part of that generation?

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They’re Innovative

Many people tout Gen Y’ers as lazy, but it really depends on how you look at things. Think about it. Millennials have had a large part in developing many of the new and improved tools and technologies that many of us use every day, such as the ability to deposit checks from your mobile device and other innovative apps. Making life easier doesn’t necessarily equate to laziness.

They Embody the “Future of Work” Mentality

Like it or not, the world of work is changing and this industry is no exception. Millennials are inherently social, mobile and tech-savvy – all things that are becoming the new norm. Hiring from this generation will help ensure that your organization will stay up-to-date with the times and in a position for future success.

Related Post: 5 Tips for Developing a Successful Property Management Team

They’re Totally Manageable 

One reason many managers avoid hiring Millennials is because they feel they can’t easily be managed due to their “me-first” mentality. Yet, if you take a step back you’ll see that all it takes to overcome this obstacle is a shift in management style. For instance, instead of a stern disciplinarian approach, use mentoring and positive feedback. Understand what they want and need and then adapt accordingly.

They’re Taking Over the Reigns 

File this one under “if you can’t beat ‘em, join ‘em” because, like it or not, the Millennial generation is slowly but surely taking over the business world. Soon there will be no other option but to hire Gen Y’ers. In fact, they’re likely going to be the very future of your property management firm. So, embrace this fact now and get the ball rolling. Trust us – it’ll pay off in the end.

Are Millennials different from previous generations? Yes. Does that mean you shouldn’t hire them? Of course not! While they certainly pose challenges, if you look at it from a new perspective, Millennials can breathe new life into your property management business and help bring your company to the next level.

Get the full scoop on How to Build an Extraordinary Property Management Team. Download our FREE RESOURCE GUIDE.

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