The shortage of property managers in the Victorian market has been described as “horrendous” by one industry expert.
Fiona Blayney, managing director of coaching consulting and training business Real+ , told Residential Property Manager that property managers have become "a real commercial commodity" given their current shortage.
“There really is a mass shortage of property managers in that market,” said Ms Blayney. “The things people are doing down there are unbelievable, such as property managers needing to do 12 interviews a day, back to back,” she added.
Ms Blayney believes property management businesses need to be looking outside the real estate industry to fill the gaps.
“There are people exiting the industry because they get burnt out, sick of it, or have kids and don’t want to come back full time,” she said.
“If you look at the numbers, Victoria has larger portfolios, and because they have more supersize rent roles down there they need more people.
“Agents need to be recruiting non-industry people. If they’re not doing that, they’re going to have gaps in their business for longer periods."