Working in the property management industry requires wearing many hats and juggling a broad spectrum of duties. Such a chaotic work environment can easily lead property managers to crash and burn. This isn’t good for anyone – not your employees, not their colleagues and certainly not your company. The good news is, there are certain things you can do to stay a step ahead and prevent property manager burnout from occurring in the first place. Let’s take a look.
Invest in Technology
One of the most effective ways to prevent property manager burnout is to ensure that your team is armed with as much time and energy-saving technology as possible. Our industry is one that is wrought with time-consuming and mind-numbing manual processes. It’s also one in which many companies are struggling to do more with less, leading to staff overload.
Digital solutions, such as property management software, can help property managers to better organize their work, optimize their time and strategize for improved success. When you shift as much manual labor from human to machine, not only will you dramatically improve the quality of work for your team, but you’ll also end up with a much more efficient, productive and innovative staff.
When a property manager is pulling extra hours and working his or her fingers to the bone to achieve great things for your company but they don’t receive any recognition for their extra effort, it’s almost always a recipe for disaster. It’s important that leaders take the time to acknowledge and reward their top performers for a job well done. This creates an environment of optimism and gratitude, which is great for warding off stress and the feelings of frustration that can lead to burnout.
Engage in Team-Building Activities
For a property manager that’s out in the field, it’s easy to begin to feel isolated and alone. Bringing your team together from time to time helps foster a sense of community. This is beneficial for everyone, including the company, its employees and the residents of your properties. Why? Because when you create a work environment that adds value to the lives of your employees, that value will naturally trickle down to other areas, including that of your clientele.
Encourage Time Off
It may seem counter intuitive, but the more time your employees spend away from work, the more valuable they’ll be to your property management company. The fact is, property manager burnout almost always occurs as a direct result of employees feeling overworked. When people don’t have the time or ability to rest and recharge, their performance will begin to suffer, which is bad for everything from the morale of your team to the overall operation of your company.
To the contrary, when a property manager is not only allowed but encouraged to take time off, he or she will be able to reboot and return to work re-energized. The happier and more well-rested your staff is, the more motivated they’ll be to give it their all when they’re in the office or out in the field.
Workplace burnout is one of the costliest problems employers have to face, and the property management industry is no exception. By taking appropriate proactive steps like those listed above, you can stay out in front of property manager burnout, keep your employees engaged, happy and motivated and run a more profitable operation for the long haul.