Q:
Dear Hire Priority,

I’m an apartment industry professional with seven years of experience as an on-site property manager. My company is great, but offers no room for growth. I would like to be in a regional management position in the next three to five years. How should I handle this transition, or should I consider looking for another apartment job?

— CHRIS

A:
Hi Chris!

We look at five key factors when considering a move: Growth, Quality of Company or Supervisor, Compensation, Location, and Specific Responsibilities. It’s important to evaluate all five when planning your career transition.

Start by Exploring Growth Within Your Company

I’m glad to hear your company is great. That likely means they meet most of the key factors above. Since you like your company, the first place to look for growth is with them.

Ask what their plans are for expansion. It’s possible they’re planning to grow but haven’t shared those details yet.

Have you told your supervisor about your desire to advance? Your boss may know of upcoming opportunities—or may even be planning a change that could open a path for you.

When Staying Isn’t an Option

If you find that staying with your company is not an option, take the following steps:

1. Clarify Your Vision

Ask yourself:

• What type of property do I want to manage (fee-managed, owner-managed, etc.)?

• Am I willing to relocate?

• Would I take another manager position with more opportunity for growth?

• Would I consider a regional position with a challenged company or portfolio?

• Am I willing to take less money for the right opportunity?

Getting clear on these answers will guide your next move.

2. Network

Reach out to people you trust who can keep an eye out for openings or connect you with hiring authorities. Contact a recruiting company. Connect directly with hiring managers on LinkedIn. Watch apartment industry job listings online.

Networking is one of the most effective ways to move into a regional management role.

3. Try “Guerrilla Networking”

Brainstorm with your trusted group to find out where they have hiring contacts. Ask for introductions and use your contact’s name when reaching out. Personal referrals carry significant weight in the apartment industry.

Know Your Accomplishments

Before contacting any hiring authority, know your achievements by heart. You may have only a minute or two to make an impression.

Be ready to highlight your successes:

• NOI growth

• Revenue increases

• Occupancy improvements

Example: “Increased occupancy from 87% to 95% over 16 months.” Numbers speak louder than titles.

Take an Active Approach

The most successful candidates take a proactive, aggressive approach. Be clear on what you want, and do what it takes to get in front of the hiring authority you want to work for.

Keep an eye on the Hire Priority Blog for more articles on how to find apartment jobs and grow your multifamily career.

All the best to you,
The Hire Priority Team