As property managers are increasingly asked to behave like asset managers, their training is taking a unique turn. Third-party management firms and management departments within investment firms alike are coming up with more comprehensive and sophisticated approaches to upgrade their teams’ abilities.
One particularly innovative effort is a training facility created by Cooper Square Realty Inc. in its office at 622 Third Ave. in Manhattan. Along with the customary trappings of a property management company’s headquarters, the multi-family specialist is installing a 1,500-square-foot training center geared to the needs of managers and superintendents. Seventeen stations provide working models of boilers, burners, elevator cabs, electrical systems, water tanks and roofs. The facility will come complete with a model lobby desk that provides the basis for a discussion about reception and the role of the doorman. Managers-in-training receive instruction in the different equipment through a combination of presentations from experts and video segments. Candidates for manager positions must pass tests on all 17 systems.
Read more...Training Property Managers | The Balance Sheet - Yardi Corporate Blog
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