Category: Real Estate

Effective budgeting is the cornerstone of a successful Homeowners Association (HOA) management company. Proper financial planning ensures that the association can meet its obligations, maintain property values, and enhance the community’s quality of life. According to the Community Associations Institute (CAI), 70% of HOAs that practice diligent financial planning report higher homeowner satisfaction and improved […]

Employee turnover is a critical issue in property management, with rates often exceeding 30% annually. High turnover disrupts operations, affects tenant satisfaction, and incurs significant costs. Iin this article, we’ll let you in on effective strategies, backed by statistics and best practices, to help you retain your valuable property management team.  The Real Cost of […]

For years, US-based companies have been utilizing the Business Process Outsourcing (BPO) model to get external human capital from different countries quickly and easily.

As an employer, you have the freedom to choose among the endless global talent engagement options available in today’s competitive labor market. Of course, you can always go with the cheapest approach if your goal is the save cost—much like most of the companies that outsource talent. But you never really know what potential risks may come up in the future.

Experts and major financial institutions are predicting a long-lasting recession sooner than we think. If we take a look at Bloomberg’s probability model, the most recent forecast hits a 100% probability with the 12-month estimation of a downturn by October next year.

Being in business for years, I’ve learned that crises are inevitable in any venture. Challenges such as economic downturns, competition in the labor market, mass resignations, and even global health emergencies can take a toll on your business when you’re not expecting it.

Let’s face it—we are in a digitally-driven world where the traditional staffing model is no longer the only option for companies to expand their team’s capacity. And with the rise of technology in property management, I’ve seen how firms in the industry have adapted to the new era of work and are realizing the opportunities in leveraging global talent through remote staffing.

For most growing companies, hiring remote employees is a cost-efficient way to support their operations, improve their customer service, expand their services and increase their profits. But for the highly demanding field of community association management (CAM), we’ll see that there are plenty of both opportunities and obstacles that must be considered when deciding whether or not to pursue hiring remote, international talent.

Let’s face the facts–the skyrocketing demand for skilled workers is forcing legal firms to face the tough task of keeping talent on their side while also attracting new ones. The problem is that it’s costing them more valuable resources such as time and money to do so. But what do you do to make sure you don’t lose your staff, attract the best talent, and stay on top of the competition?