Property managers, the team is the key.

by: Violeta Pons and Maria Nicolau | @marianicolau @violetapons

Property managers, the team is the key.

Being a property manager takes a lot of work, this work spans from managing people and rental listings to paperwork and routine maintenance. 

Fist we are going to introduce what does big stadiums that are the properties of the sport represent, as they one of the most expensive, famous, and controversial real state projects.

The relationship between the stadium and its surrounding enviroment has envolved over the past 20 years. I'ts not only about the game, this places shape our cities, they lead to new buildings and homes, making our skylines grow and change. This leads to growth in businesses and real estate. They draw crowds, lift property values, and crea

te jobs, feeding a healthier economy. Also, stadiums, parks, and arenas don’t just host events; they become landmarks and hubs for businesses and homes. This connection between sports and how we design cities is changing the game.

To make this work, it's in charge of a huge team of experts in different disciplines.

Selection of sports examples in Amsterdam, Berlin, Copenhagen, Porto and Valencia. Sports can shape cities, and cities can shape sports. For example, a new stadium can lead to new businesses and homes around it. "Sport for All," which means that sports should be accessible to everyone. 

So, the job of property managers is all linked by this, so, their performance matters to the sucess of the business. I'ts important to know that all the other jobs in the team are important. If they work tight with other people in the organization they will have opportunities to work alongside those in different disciplines, from finance to operations. Everything they or their team develops and activates has an impact on others within the organization, which leads to a lot of collaboration amongst the groups. As someone who may just be starting their career or even making a change, this setting can be beneficial as it allows others to learn from those around them. As in today's industry is very dynamic and everithing changes very fast and becomes more innovative, the whole team needs to be involved, asking questions, keep learning, solving problems, to become more profitable. So, excellent property management requires a joining of professionals with vastly different skill sets who are all working toward the same goal: maximizing the quality and profitability of their clients’ investments.

We have to consider that sports organizations may have multiple events going on at any given time; with planning for future events occurring in the background. So a property manager needs to be flexible because times are frequent and there is usually never a dull moment. For that they need to have a midset of working under preassure and being always professional as these venues can be multi-million dollar, top of the line event locations that work for an abundant amount of additional revenue.

After research we found out that the most important thing is that property managers know about their company, be interested about who is in the team, find theirselves on the capacity of leadering and getting involved in all the tasks. However, the key is finding team members who elevate the company. Taking into consideration the unique personality and culture of the business will help hire people who aren’t just good at what they do, but also who fit in with the atmosphere and make the team greater than the sum of its parts. Even if the property manager is in the early stages of building the team and it doesn’t have a defined ethos just yet, they should know what your vision is for the culture and let that guide you.

To be succesful property managers got to be patient in seeking out the ideal candidates for their specific organization. 

A healthy culture is one that actively promotes positive attitudes, values, and beliefs. Members of a club, league, organisation or association that work hard toward a shared goal while appreciating each other’s differences and contributions. (https://www.sportslawyer.com.au/team-culture-in-sports-creating-a-thriving-club-culture/)

Nothing at the organization matters more than the people who comprise it, so choose those people wisely.

Our SPORT NEXUS articles  foremost growth and networking organization for business owners and leaders. Do you agree?

REFERENCES

“Team Culture in Sports: Creating a Thriving Club Culture.” Sportslawyer - Experts in Sports Law, 15 May 2022, www.sportslawyer.com.au/team-culture-in-sports-creating-a-thriving-club-culture/.

Casas Valle, Daniel. Sport in the City Research on the Relation between Sport and Urban Design.

Crown, David. “Building a Winning Team in Property Management.” Forbes, 13 Dec. 2021, www.forbes.com/councils/forbesbusinesscouncil/2021/12/13/building-a-winning-team-in-property-management/.

Harvard. “Real Estate: The New Frontier in Sports Franchise Ownership.” Medium, Harvard Real Estate Review, 19 May 2017, medium.com/harvard-real-estate-review/real-estate-the-new-frontier-in-sports-franchise-ownership-f5267e14f90. Accessed 15 Nov. 2024.

Sasomsup, Jesse. “Council Post: What Does a Property Manager Do?” Forbes, 12 Aug. 2024, www.forbes.com/councils/forbesbusinesscouncil/2023/08/30/what-does-a-property-manager-do/.