Owning and investing in rental properties is a great financial endeavor as the ROI can be quite phenomenal. The U.S. property management industry generates about $88 Billion in revenue annually. If you are a new investor, do you want to take on the day-to-day management of that investment? In most cases the answer is no. There is good news though! You can hire a property management firm to take care of your property and the tenants. Property managers can manage everything from single-family residences to apartment complexes, shopping malls, and private business buildings—basically any type of building that the owner does not have the ability or desire to look after in person. Choosing the right management company is not easy. The process requires skill and experience to ensure that the tenants follow the rules and regulations and that you get that return you are looking for on your investment. How can you know that a specific company has the experience needed to handle the property? Or where can you find a good firm to manage the property? There are roughly 281,345 property management companies in the United States.

The annual employee turnover rate in property management stands at 33%, far higher than the average national rate of 22%. You may not have been aware of these statistics, but they are worth mentioning because combined with the fact that the average property manager is nearing retirement at 50 years old, it is not an exaggeration to say that our industry is heading towards a serious talent crunch. Property management companies are struggling to find and retain good skilled employees today. 7 out of 10 apartment communities are reporting that they have at least one opening on their team. Many are looking to staffing agencies to help fill that gap. The Staffing agencies work by connecting potential candidates with clients who do not have enough time and money to get the job done right. By providing the goals and needs of your property, the staffing agency will recruit property management staff based on your criteria.

Who Is A Property Management Staffing Agency?

A staffing agency is an organization that helps property owners to recruit the best candidates for managing their properties. In other words, the agency acts as a middleman between the property owner and the candidates who offer property management services. Imagine reviewing hundreds of applications, interviewing, and negotiating the salaries with the candidates. It can be a difficult and time-consuming task. That is why it is good to work with a staffing agency.

Working with the staffing agency is easy. The process involves:

> Contacting the staffing agency

First, you need to be sure that you are working with a staffing agency that understands property management. Then, you will need to contact the agency, and inform them about the timeline to hire new candidates and your salary rate. This is where an agency like Leasing Temporaries can save you time and money.

> The staffing agency will create a job description

The job description will allow the agency to advertise your property and job opening. They can present it on various platforms such as social media and job search engines. Potential candidates will then send applications. 

> Screening of the candidates

The screening process is not easy. The staffing agency will review the applications and conduct interviews. Qualified and experienced staff will be presented to you.

Why Should You Consider Working with A Staffing Agency?

The number of candidates who are in search of a property management job is increasing. Thus, making it challenging to source and screen candidates for the position. That is why hiring a staffing agency is essential. The agency will conduct the recruitment process for you. They will identify potential candidates and check their references and choose the short-listed candidates. The staffing agency will work on your behalf.

Here are the benefits of working with a property management staffing agency.

> You Will Save Time

The job market is changing, making it challenging to find potential candidates. The way people are handling interviews has changed over the past few years. Imagine advertising a property management position and receiving thousands of applications. Where can you start? How can you know the right candidate for the job? This process requires experience.

Staffing agency have been in the field for many years, they understand the latest trends to help and recruit candidates according to the present state in the industry. In other words, the staffing agency will save you the time of handling the wide choice of candidates.

> You Will Save Money

Do you know that the recruitment process can cost you a lot of money? The average cost to replace a salaried employee is six to nine months of the employee’s salary, Remember, you want a staff member who will handle your property with care and ensure that you get the right tenants. That is why it is good to essential that you choose an experienced one. However, you do not have to spend a lot of money to get the right property management staff.

A staffing agency will save you from background and screen-testing costs. You can fully depend on the staffing agency to get skilled and trained employees. This is an advantage for you since you will save on the training costs. The staffing agencies have workers who are experienced in performing the training. More than half of property managers have said there simply are not enough hours in the day to receive or give the training and professional development they need to get their teams up to speed. This is where companies like Leasing Temporaries can be beneficial as they will train those employees before placing them with you.

> You Will Get Experienced Property Management Staffing Quickly

You have a well-designed rental property and have incorporated all the essential requirements. But how can you get the right tenants? No one would like to see their property with high vacancy rates for extended periods of time. The right onsite property management team members can work fast and diligently to fill those vacancies quickly. This is where experience matters and is the #1 benefit of a staffing agency. Also, the agency can handle the recruitment process quickly, speeding up the time of hiring and screening employees.

> Reduce New Hire Turnover

Employee turnover is expensive. Turnover in the property management industry averages about 33% annually. It can be quite costly as well as time intensive and utilize lots of resources to fill onsite job openings. It can impact your customer service on your properties and moral of the remaining team members. That is why it is important that you hire a reliable candidate that will offer long-term services. Working with a staffing agency who conducts a thorough screening process can lower the risks of turnover.

The staffing agency allows the candidates to learn about the job requirements by coming on board temporarily before they get a permanent position. Many staffing agencies like Leasing Temporaries also offer their candidates training to enable them to learn about property management and its environment. With this, you will reduce the company turnover.

> You Will Have the Flexibility of Hiring a Staff Member Anytime You Need One

At times, you might decide to manage the property by yourself. Although it might be challenging, some factors such as costly management fees can force you to hold back on hiring a property management company. You then face the challenge of finding your own personnel to place onsite. Sometimes it may be best to use a staffing company such as Leasing temps that offers fully trained short term and long- term placements for your onsite teams.

The good thing about working with a staffing agency is that you can contact them anytime you require hiring an onsite team member. They will search and recruit the best candidates for you. In case you need a direct-hire candidate, they will offer you a hiring strategy.

> Staffing Agencies Have an Extensive Network 

If you want to get onsite staffing quickly, it is good to hire a staffing agency. Many agencies have a large network, meaning they have often themselves worked in the industry and have built a large network of contacts to find candidates quickly and easily to fill that job opening much faster than you would doing it yourself.

> You Will Eliminate Some Responsibilities

There are many responsibilities involved in hiring onsite staffing. From training to providing insurance coverage, the services of the onsite property management team come with some financial risks. With a staffing agency, you will eliminate these liabilities. The firm will maintain full responsibility for the personnel, thus, saving you money and avoiding dealing with legal liabilities of hiring onsite staff.

Hiring a staffing agency is a good decision. Saving time and money during the recruitment process is a dream of every property owner. However, when it comes to finding the right staffing agency, the process might be challenging. It is important to select a staffing agency that will ensure that you get an experienced and skilled onsite property management team, it is good to have a plan.

A plan will help you choose a staffing agency that matches your property’s needs. So, how can you enhance your experience of working with a temporary staffing agency?

> Choose the Right Staffing Agency

There are many staffing agencies options to choose from. There are general agencies work for any industry while other agencies focus on a specific sector. If you want to get the most out of the staffing agency, it is good to choose one specializing in a particular niche to get the best candidate. Also, select an agency with good communication that will provide you with feedback anytime would be your best option.

> Perform Research

You want a staffing agency that fits your needs, right? Thus, you need to take your time and perform research. You will find many staffing agencies on the internet. However, not all will provide you with the best results. How will you select the right staffing agency? You can look at the reviews to see what other clients comment about the firm. It is always good to consider your budget before you select a staffing agency. With this, you will choose an agency that will match your needs get you the right property manager to fill your open position.

Contact Us:

Leasing Temporaries, LLC

Managing Owner: Shelly Gray

(614)986-7590

sgray@leasingtemps.com

www.leasingtemps.com