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What leadership competencies does a property manager need for success? Did you know that there’s a difference between a leader and a manager?
This IREM White Paper identifies sixteen leadership competencies a real estate manager needs to survive in the new economy. Derived from the IREM Job analysis, the leadership skills are based on a survey of more than 800 top real estate management professionals.
Today’s economy is forcing real estate companies to shift their focus from being performance-driven to relationship-driven. This White Paper focuses on how leadership development can help real estate managers move up the career ladder. The higher real estate managers move up that ladder, the more they will have to manage people and relationships, rather than systems and tasks. For real estate professionals this means less time will be spent actually managing properties—instead, their time will be leading the people who manage properties.
This White Paper also emphasizes the four basic components to help real estate managers assess their level of emotional intelligence (EQ), helpful tips on what it takes to be a good leader, and how to get started on the leadership development journey.
In the words of Christopher Lee, President and Chief Executive Officer of CEL & Associates, Inc., the real estate industry discovered that “leaders and leadership, not the number or size of buildings owned or managed, would become the discerning hallmark of those who prospered and those who failed ...A real estate firm without effective leaders might as well pack up and try something else. Leadership is the key to sustainability, productivity, profitability, and growth.”
Copyright: 2013
Format: PDF; 11 pages
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For owners and investors of real estate assets:
