When you're responsible for managing more than 100 properties, in addition to having landlords entrust you to the tenants who call those properties home, you'll encounter inevitable challenges and surprises. However, what might surprise managers is that, of all the aspects mentioned above, taking care of their own mental health and learning the right methods to reduce stress and deflation should also be a priority. The publication serves the cooperative and condominium community with thousands of free articles on management, finance, maintenance and more. My concern centers on many aspects: the mental health of property managers, the fact that compensation is so low in South Africa, and the low retention rate of property managers in the industry.
Property management salaries in South Australia are the lowest in Australia and, combined with the high pressure of this job, I think this is a volatile combination. This has to change, and property managers deserve, and need, not only higher compensation, but also long-term job security and much greater retirement planning than the minimum retirement affords them. Most property managers bring these problems to their homes, and this can and does have a negative impact on their family life. But having thick skin when managing properties is just as important as having enough water and food for the next day. In the end, it's part of every manager's job to understand how they personally relate to the stress of their job and then take responsibility for their subsequent behavior.
This affects the ability of property managers to perform their duties properly and often results in a low level of service provided to landlords.
