Hire for ownership
Skills can be taught. The instinct to treat a building like your own is much harder to train.
Leadership notes
Notes on hiring, training and leading the people who make real estate work: leasing agents, supers, property managers and everyone in between.
Investors talk about cap rates and interest rates, but the day-to-day performance of a property comes down to people. Who answers the phone, how fast a leak gets fixed, how a showing feels: these are team outcomes, not spreadsheet outcomes.
Building that team is the most important operating decision an owner makes. These are the principles that guide how I think about it.
Skills can be taught. The instinct to treat a building like your own is much harder to train.
Every call, every work order and every lease should have one clear owner. Ambiguity is where service breaks down.
The best training happens in the hallway, the boiler room and the showing, not only in a manual.
Response times, occupancy, collections and resident satisfaction tell you where to focus.
People who grow inside the company carry its standards forward.
Leaders who walk the buildings make better decisions than leaders who only read reports.
A well-run operation separates the work into clear lanes: leasing, property management, maintenance, accounting and compliance, with a front desk that routes every request to the right lane. When responsibilities overlap, write down who owns what and revisit it as the portfolio grows.
Before buying more software, make sure the basics are consistent: one place for work orders, one place for leases, one calendar for inspections and renewals. Simple systems that everyone uses beat sophisticated ones that half the team ignores.
Short weekly check-ins on open items, monthly reviews of the numbers, and honest conversations when something goes wrong. A team that talks about problems early solves them while they are still small.
Responsiveness, organization and judgment. A good property manager keeps residents informed, follows through on repairs, knows the building's systems and escalates the right issues to ownership at the right time.
Most operators organize around clear functions: leasing, property management, maintenance, accounting and compliance, supported by a front desk or call center that routes requests. The right structure depends on portfolio size and property types.
Pair them with an experienced agent, have them shadow showings and applications, teach fair housing rules early, then give them increasing responsibility with regular feedback.
Residents and tenants feel culture directly. A team that takes ownership responds faster, communicates better and keeps buildings in better condition.
I am always glad to connect with operators, managers and people building their careers in real estate.
Brooklyn, New York