Facing the Property Management Talent Challenge
Attracting, developing, and retaining top talent is a persistent challenge for the property management industry—from small firms to large institutional investors. Let’s be real: no kid dreams of growing up to be in property management. The industry is aging, often seen as traditional and slow to change. It’s not flashy, and real estate hasn’t exactly led the tech revolution. But for today’s workforce, technology isn’t a luxury—it’s an expectation.
The Impact of Outdated Tools on Job Satisfaction
Of course, it is more than just use of new technology. By providing your employees with the latest technology, they will be able to do their jobs better, faster and easier. Happy employees are more efficient and more satisfied with their jobs. Research has shown that employees who go without technology or are forced to use outdated technology. In fact, a recent survey by Aruba Networks showed employees who were fully enabled by technology were 51% more likely to have strong job satisfaction. It also showed that 43% were more likely to have positive attitudes towards their work/life balance. The report also stated technology supports professional development and productivity gains. Employees reported a higher ability to adopt to new work skills and improved collaboration.
Empowering Teams with the Right Tech
Technology in the real estate industry has exploded in the recent past. In addition, increases team satisfaction and impacts many other aspects of the investment life cycle. The technology is available. For example, take a look at Sage Intacct Real Estate. With easy to navigate dashboards and a flexible, lease-based system, this cloud-based software gives a 360-degree view of the financial and operational information for all assets. That means Real Estate owners, operators, and managers can get a clear, real-time picture at any level of budget, tenants, staff, and vendor management status when and wherever they need the information. Sage Intacct Real Estate provides a scalable solution that can grow with the business, drive workforce efficiency with state-of-the-art technology, and provide unmatched reporting capabilities – all for a lower total cost of ownership. Simply put, the technology makes the job of managing properties easier and faster which in turn means better job satisfaction and retention of the people doing the work.
A Modern Tech Stack is a Recruitment Advantage
Utilizing a modern, easy to navigate, property management system goes a long way when hiring and retaining that all important management talent. Having the right tools is important in any occupation. Expecting a carpenter to frame a house without a hammer or nail gun is a pipe dream. If your team isn’t capable of doing their jobs because they do not have the right technology at their fingertips, then the impact will resonate throughout your entire portfolio. Not only will it impact their job performance, but it will also impact your ability to retain the talent that is so difficult to recruit.
Ready to find out more about a modern, cloud-based property management solution? Ask for a demo or talk to one of our specialists to get the details on how Sage Intacct Real Estate can work for your business >>>
