Magazine article Journal of Property Management

Growing Pains

Magazine article Journal of Property Management

Growing Pains

Article excerpt

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Goal-setting leads to professional success

It took me seven separate positions and fourteen years to become the company president of the property management division of a non-profit organization. In 1990, I established my own property management firm with no outside money, after years of hard work, experience, commitment, passion for the industry and with my own ideas about how to manage property. I wanted to control my opportunities in the industry, how much money I could make and what kind of properties I would manage.

After college, I began a career in property management and quickly learned to set goals at five-year intervals. It has proved to be my best way of achieving professional and personal success. My comfort zone is therefore constantly changing and expanding.

Goal setting is why I would leave one job for another. My goals demanded each employment move be one that would position me to achieve my five-year plans. Not every job was a step up. I took several jobs at lower or lateral levels to position myself so I could advance at a faster pace. Naturally, I had to do good work at each job, spend the time necessary to do a good job and pay special attention to details.

When I first became a site manager, I discovered the Institute of Real Estate Management and quickly became sold on its information, ethics, membership and monthly meetings. I immediately became an ACCREDITED RESIDENTIAL MANAGER(R), a designation I continue to hold more than 20 years later. I realized early on the Institute would substantially assist me in understanding property management from many different perspectives. It allowed me to surround myself with others who appreciate real estate management as more than a trade, thereby raising my level of professional intellect.

A major professional turning point came when I was offered the opportunity to move from deputy director of a non-profit organization to president of a newly formed management company the non-profit would establish. …

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