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7 Facts About Teams and How They Can Benefit Your Property Management Company

7_Interesting_Facts_About_Teams_and_How_They_Can_Benefit_Your_Property_Management_CompanyIt’s certainly no secret that teamwork is an important component in the business world, and the property management industry is no exception. The larger the organization, the more critical cohesive, productive teams become in driving the growth and ongoing success of the company. Here are a few interesting and scientifically proven facts that you can leverage to maximize teamwork within your organization.

There is power in numbers

While the world certainly still has solo geniuses, in most cases, intelligent minds can be even more powerful when they are matched with equally smart individuals. There’s truth to the saying, “Alone we can do so little. Together we can do so much.” (Helen Keller)

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

Smaller teams are more effective

In fact, the ideal size of a team should be between 5 and 9 people. Add any more and the dynamic changes, making the results less successful.

Diversity is more powerful than chemistry

Contrary to popular belief, it’s not the similarities amongst team members that make them work better together, but rather it’s their differences. A more diverse team can be more innovative since problems can be approached by differing perspectives.

5 Tips for Developing a Successful Property Management Team

Team bonding releases oxytocin

Yes, believe it or not, by working closely together, your team will experience the release of feel-good hormones. This leads to a more positive and productive work environment.

Equality is important

It may be tempting to name a leader of each team, but studies have actually shown that when all parties feel as though they are on the same level, they work more cohesively together. This doesn’t mean management isn’t necessary; just keep it outside the team dynamic.

Conflict can be healthy

Not everyone within a team will always agree, nor should they. In fact, because diversity is so important, occasional disagreements will naturally occur. Provided the team members understand and agree that these conflicts won’t get personal, they can actually result in what’s known as “creative abrasion” and the outcome can be amazingly positive.

Face to face still trumps virtual

With today’s technology, teams can easily be spread out amidst a broad geographical area. Yet, studies have shown that when team members are in close proximity, they can work better and get more done. Virtual meetings are ok, but balance them with occasional in-person gatherings.

Given these interesting facts, it’s clear that developing teams within your property management organization isn’t really an option, but rather a necessity. By applying this knowledge, you can help match the right people and foster a sense of group creativity and innovation that will drive the growth and success of your business.

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

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