What ChatGPT thinks I've learned after 25 years in property management VS. what I've really learned after 25 years in property management:
Chat GPT
- Effective communication is the cornerstone of successful relationships with both tenants and property owners. Clear and transparent communication helps in resolving issues swiftly and building trust among all stakeholders.
- Flexibility is key in navigating the ever-changing landscape of property management. Adapting to market trends, legal regulations, and the evolving needs of tenants ensures long-term success in this dynamic industry.
- Building a reliable network of contractors, maintenance teams, and service providers is crucial. A responsive and skilled team contributes significantly to the overall satisfaction of tenants and helps in maintaining the property in top-notch condition.
- Embracing technology has become increasingly important. Utilizing property management software, online platforms for marketing and communication, and other tech tools streamlines processes, enhances efficiency, and keeps operations up-to-date with industry standards.
- Patience is a virtue in property management. Dealing with diverse personalities, resolving conflicts, and addressing unforeseen challenges require a calm and patient approach. It's about understanding that each property and tenant comes with its unique set of circumstances, and finding solutions that cater to those specific needs.
What I've actually learned:
· You'll will deal with circumstances none of your non-property management friends will ever understand.
· You get to pet cute dogs during work hours.
· Rarely, if ever, will you accomplish everything on your daily To Do list.
· Be accountable.
· Be flexible.
· Have some compassion.
· People lie.
· You will become an actor.
· You will lie.
· You will become a social worker and a psychologist.
· You will drink more coffee than you ever thought you would.
· You will drink more energy drinks than you ever thought you would.
· Set calendar reminders for everything.
· Use binder clips not paper clips.
· Your residents pay your salary.
· How to quickly prioritize.
· You will meet people you'll never forget.
· At some point there will be a flood.
· You'll find out how long you can go without having to go to the restroom.
· Wear comfortable shoes.
· Keep snacks in your desk.
· Residents will never fully understand what you do.
· Never give your personal cell phone number to a resident.
· Be nice to your vendors, you'll need them for something urgent at some point.
· Don't become friends with a resident.
· At some point you will help a resident that will make you understand why you enjoy your job.