More Multifamily Firms Taking Steps to Combat Growing Stress Among Property Managers
RealSource PropertiesAccording to Crystal Dukes, RealSource's director of education, training, and DEI strategies, it's important to ask for feedback. The firm participates in and issues surveys that allow associates to respond anonymously, and then creates or revamps programs based on that feedback. Recent feedback prompted the firm to create a space within its intranet called Headspace, which provides a multitude of resources for associates. There, associates can join specific Employee Resource Groups, such as Our Voices for black associates and allies, and access free TED talks on mental health. RealSource also offers an Employee Assistance Program and a cash rewards program called Motivosity. The HR director oversees a Mental Health and Wellbeing Council and meets monthly with members. Another significant initiative that RealSource launched is an extra two weeks of sick time -- separate from vacation time -- and dedicated time off for volunteer activities.
- The good news is that multifamily companies are increasingly taking steps to alleviate the stress.
- As part of the preparations for this year's National Property Manager's Day, MRI interviewed executives from these companies to learn the secrets of their success with stress relief.
- "They embody the spirit of National Property Manager's Day, which we created to encourage multifamily companies to support property managers and ease the daunting mental health challenges they face."
- To him, National Property Manager's Day represents exactly what multifamily companies should do: "Take every opportunity to promote the property management industry and celebrate the people within it."