Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Brand’s new training tackles property manager exodus

By Juliet Helmke
03 March 2022 | 1 minute read
Harriet Saunders

A network is introducing a new training program across its offices in hopes of stemming the tide of property managers leaving the profession.

The industry has seen as many as one in four property managers bow out of the field in recent years, causing great concern for industry leaders and network heads who have begun to examine ways of stabilising the sector and provide long-term satisfaction for its professionals.

Laing+Simmons are one such brand. The boutique firm has introduced a sweeping training and support system across their offices to address the mass exodus.

Advertisement
Advertisement

Harriet Saunders, head of growth and development at Laing+Simmons, said the brand would be introducing a new program aimed at experienced property managers in its network to retrain and upskill them with broader knowledge and expertise.

Ms Saunders explained they were aiming to “equip our investment portfolio managers with important knowledge on positive and negative gearing, depreciation schedules and other complex information, so they gain a more rounded understanding of investment, add additional value to their customers, and have the opportunity to explore a genuine option to advance their career in the field”.

This complements the brand’s 12-month property management fundamentals program, which retrains people from other industries or existing members of the network.

“The targeted training opens up new recruitment pools for our business owners that weren’t previously available. It means they can focus on finding the best people, with our help, knowing those people will have the necessary skills and knowledge to add value,” Ms Saunders said.

Laing+Simmons has also appointed a dedicated property management committee to operate somewhat like a helpline for their professionals, supported by regular roundtables and monthly training sessions.

And to recognise the dedicated work of their property management team, the network celebrates their achievements on a monthly basis with their circle of excellence awards.

“We have put in place all the pieces which give property managers in the Laing+Simmons network a compelling reason to stay and grow, and a more positive work environment to be a part of, to reverse the exodus of property managers from the industry,” Ms Saunders said.

Laing+Simmons chief executive Leanne Pilkington, who also serves as the deputy president of the Real Estate Institute of Australia, said that industry leaders were committed to addressing the national shortage of roughly 4,500 property managers.

“At an industry level, we are working to create a better environment for property managers by offering more targeted training and more desirable career path opportunities, while attracting more people to this specialised area,” she said.

Brand’s new training tackles property manager exodus
Harriet Saunders reb
lawyersweekly logo

Tags:

ABOUT THE AUTHOR


Juliet Helmke

Based in Sydney, Juliet Helmke has a broad range of reporting and editorial experience across the areas of business, technology, entertainment and the arts. She was formerly Senior Editor at The New York Observer.

Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings

 

Subscribe to our RPM
mailing list

 

Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.