Hiring great candidates for open positions is a challenge in a normal employment market. Hiring during the Great Resignation is going to be even more difficult as everyone tries to hire the best real estate talent. According to the US Department of Labor and the National Federation of Independent Businesses, nearly half of all companies can't fill their open positions. Increasing the flexibility in your hiring will help you find the best new employees for your positions.
The multifamily real estate market looks largely positive for the second half of 2021. Rents and collections are increasing and development continues despite increased prices. Hiring experienced professionals for many jobs remains challenging, especially for Maintenance Techs and Property Managers.
Employment in the construction industry is being distorted by both the pandemic and long-term causes. Both commercial real estate and residential construction are seeing an increased demand for workers while also losing jobs.
Hiring the beast Leasing Agent is critical for the success of your portfolio, whether you have multifamily properties, office buildings or retail spaces. These traits are common to all of the best Leasing Agents, no matter their experience level.