{"id":1004085660,"date":"2013-10-23T06:18:56","date_gmt":"2013-10-23T14:18:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004085660"},"modified":"2022-12-09T02:03:49","modified_gmt":"2022-12-09T10:03:49","slug":"irem-special-report-getting-and-keeping-young-talent","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/irem-special-report-getting-and-keeping-young-talent\/","title":{"rendered":"IREM Special Report: Getting and Keeping Young Talent"},"content":{"rendered":"<p>By Paul Rosta, Senior Editor<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/IMG_0300.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004085664\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/irem-special-report-getting-and-keeping-young-talent\/img_0300\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/IMG_0300.jpg\" data-orig-size=\"2304,1296\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"IMG_0300\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/IMG_0300.jpg?w=1024\" class=\"alignright size-medium wp-image-1004085664\" alt=\"IMG_0300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/IMG_0300.jpg\" width=\"300\" height=\"168\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/IMG_0300.jpg 2304w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/IMG_0300.jpg?resize=300,169 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/IMG_0300.jpg?resize=768,432 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/IMG_0300.jpg?resize=1024,576 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/IMG_0300.jpg?resize=1536,864 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/IMG_0300.jpg?resize=2048,1152 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/IMG_0300.jpg?resize=150,84 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/IMG_0300.jpg?resize=696,392 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/IMG_0300.jpg?resize=1068,601 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/IMG_0300.jpg?resize=1920,1080 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/IMG_0300.jpg?resize=747,420 747w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>As is the case throughout the commercial real estate industry, finding talented young professionals and then keeping them is a high priority for property management. A panel discussion at the Institute of Real Estate Management\u2019s fall conference in Scottsdale, Ariz., last week sought to identify what the coveted members of the Millennial generation want, how to hire them and how to keep them.<\/p>\n<p>\u201cThis Millennial population is looking for organizations that have a purpose,\u201d noted Mark Stapp, the panel\u2019s moderator and executive director of the master of real estate program at Arizona State University\u2019s W.P. Carey School of business. Another characteristic of those in their twenties and early thirties is that they thrive on mentoring but dislike hierarchy.<\/p>\n<p>Va\u2019Shajn Parr, who recently joined Capital Growth Properties Inc. as an assistant property manager in La Jolla, Calif. , offered insights into mentoring strategies. \u201cShare your stories with young professionals,\u201d he said. \u201cIt\u2019s really about relationships. Be open\u2014talk about how you got where you are.\u201d<\/p>\n<p>Another new entrant to the property management profession emphasized the desire of young colleagues to tackle significant responsibility as a key to winning their loyalty. \u201cIf you hire a leasing agent, let them lease,\u201d asserted Robby Waldrop, who joined Sealy Management as a property manager in Northport, Ala., only two months ago. \u201cIf you hire a property manager, let him or her do something. Let him or her make a budget . . . If you\u2019re top talent, you love to be challenged.\u201d<\/p>\n<p>Parr and Waldrop encouraged their contemporaries to be open about their goals. \u201cYou really do want to express what your aspirations are,\u201d Parr explained. Mentors are apt to foster connections with experienced professionals who can offer resources. The senior managers endorsed the idea of discussing career goals with their younger colleagues, while adding a caveat. \u201cI will mentor\/train\/teach individuals into that role, whatever that is,\u201d vowed Kacey Morris, director of property management for Prologis Inc.\u2019s metropolitan Atlanta portfolio. That said, however, \u201cI still need that position filled.\u201d<\/p>\n<p>In light of the competition for young property managers and other capable recruits, Alliance Residential Co., a multi-family investment and management firm, introduced an online applicant tracking tool designed to connect applicants with the appropriate property manager, reported Tina Mortera, the company\u2019s Phoenix-based senior vice president of performance. In addition, she said, \u201cWe recently introduced an on-boarding program so we don\u2019t lose people between the offer and the start date.\u201d<\/p>\n<p>One panelist cautioned that some tools have their limits in sizing up job candidates. Before joining Capital Growth, Parr had a lead on a property management position. Several strong interviews seemed to give him the inside track. But a standardized personality test turned out to be an unexpected hurdle. The results somehow persuaded the prospective employer that he would not be a good fit for the company after all. Parr\u2019s recommendation: \u201cBe transparent in terms of your personality tests so your not automatically writing (candidates) off.\u201d<\/p>\n<p>When it comes to retaining young professionals, recognition may be the most effective tool of all.. Alliance Residential Co., a multi-family and investment company, evaluating performance has become more subjective in recent years, explained\u00a0 the company\u2019s senior vice president of performance. \u201cIf you get the results, you\u2019re going to be recognized,\u201d she noted.<\/p>\n<p>Morris concurred with the value of recognition. Pats on the back\u2014in the form of face-to-face communication or an email\u2014provide valuable motivation. Supervisors should also know when to ease up on the gas pedal when a mistake is made or an encounter with a difficult client leaves a young professional unusually discouraged.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Young property managers and executives offer insights at IREM&#8217;s fall conference in Scottsdale. <\/p>\n","protected":false},"author":445,"featured_media":1004085664,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,21785],"tags":[],"class_list":["post-1004085660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-property-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IREM Special Report: Getting and Keeping Young Talent - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/irem-special-report-getting-and-keeping-young-talent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IREM Special Report: Getting and Keeping Young Talent\" \/>\n<meta property=\"og:description\" content=\"Young property managers and executives offer insights at IREM&#039;s fall conference in Scottsdale.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/irem-special-report-getting-and-keeping-young-talent\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-10-23T14:18:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:03:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/IMG_0300.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2304\" \/>\n\t<meta property=\"og:image:height\" content=\"1296\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul Rosta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/irem-special-report-getting-and-keeping-young-talent\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/irem-special-report-getting-and-keeping-young-talent\\\/\"},\"author\":{\"name\":\"Paul Rosta\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ed97e8245f278ce01a7b951f706152af\"},\"headline\":\"IREM Special Report: Getting and Keeping Young Talent\",\"datePublished\":\"2013-10-23T14:18:56+00:00\",\"dateModified\":\"2022-12-09T10:03:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/irem-special-report-getting-and-keeping-young-talent\\\/\"},\"wordCount\":621,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/irem-special-report-getting-and-keeping-young-talent\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/10\\\/IMG_0300.jpg\",\"articleSection\":[\"News\",\"Property Management\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/irem-special-report-getting-and-keeping-young-talent\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/irem-special-report-getting-and-keeping-young-talent\\\/\",\"name\":\"IREM Special Report: Getting and Keeping Young Talent - 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