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Newsline Vol.15 No.01
Vol. 15 No. 01 Jan. 2012
Adamen, Inc. HOA Manager Newsline
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The Magic Bullet: Relationships
Bells and whistles are nice, but they're not why we keep accounts - Part 1
by
Julie Adamen
 

Julie Adamen

Competition between management firms is more fierce than ever. Companies are going to great lengths to sign accounts, and with few new associations being built and feeding the pipeline, everyone is looking for a magic bullet to mitigate account loss,  while associations are looking for the best management services for the lowest possible price. What is that elusive magic bullet? Is it more service, less money, bells and whistles or a Blue Angel flyover? Nope, it's the same thing it's always been: Relationships. Relationships are the easiest and the most difficult way to retain accounts because developing, nurturing and maintaining client relationships takes time; time we perceive we either do not have, or think it better spent elsewhere. Wrong! Relationships are the glue that binds service providers and clients.

Three crucial relationships that must be built between management and client

Executive-client relationship. The first relationship a potential client association has with a management firm is usually with an executive at a marketing presentation. The executive makes promises, the parties agree to a price, and voila! It's beginning of a beautiful relationship... Except that more often than not, it's the last contact the executive will have with the client unless or until something dire happens and the executive has to step in at the last minute in hopes of retaining the contract.

What message does this send? "I care about getting your business but not about your ongoing business until I must" because "I don't care until it's going to affect my bottom line." By neglecting the development of even a rudimentary relationship with the client, the executive loses all hope of being able to head off issues before they become crises. Not surprisingly, this method of operation is not conducive to client retention. 

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Client-manager relationship. Far and away the most crucial relationship on a day-to-day basis is that by and between the community manager and the client account. We know that the best community manager is not only one who can get the lawn mowed or the trees pruned, but one who has great communication skills, which allows them to develop good working relationships with their Boards, by listening to and understanding their needs, their politics, their finances and their property, and rolling it all in to how they relate to that particular client over a long period of time. These are the managers that stay in the business, successfully, and are worth their weight in gold. Managers who neglect, or are ignorant of, the keen relationship they should have with the client are doomed to fail themselves, the client and the employer. Needless to say, the quality of the relationship between the manager and the client Board(s) they serve is the fulcrum for account retention.

The client-customer service relationship is the third fundamental component of our overall relationship with the clients, yet its significance can get lost in the hubbub of our crisis-oriented industry. Let's remember that the average resident will have little if any contact with the manager personally, so the quality of service provided by the receptionist, customer service, assistant manager and accounting staff is the platform for the firm's relationship with the overall community populace. Are the residents' issues handled with efficiency, grace and care, or handled as if they are a bother? This is how our management services will be judged by legions of people. Does poor customer service alone mean account loss? Sometimes, but mostly it acts as the tipping point: If relations with the executive are non-existent and the manager poor, bad customer service on top of that will send the client packing. 

Mutual of Omaha Bank
Mutual of Omaha Bank
HOA Banking, HOA Loans, Internet Cash Management, Online Payment Systems, Dedicated Customer Service

Alan DeTata

EXPERIENCE
mutualofomahabank.com
Alan DeTata, Director of CAB/CondoCerts
Toll Free 866.800.4656 480.224.8788


Management companies are continually looking for the magic bullet to mitigate account loss in this economy where there are few newly developed associations coming on line. Associations look for as much cheap and free stuff as they can possibly can. That's certainly nothing new. What is new is that management companies nowadays have a lot of value added products and services to provide the client. Wrap this all together and you get accounts being promised three months free management service, discounted cable and internet, a rocket scientist for a manager *and* a Blue Angel flyover. It's all well and good, but we are giving short shrift to the easiest, but the most difficult and overlooked component in account retention: Relationship building. Next month we'll discuss easy and practical ways to develop, nurture and maintain client relationships for the long-term, because that's the magic bullet.
--Julie-- Click Here to read this article on our website.

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Planning: Is a must in Construction Management, a tool for Community Management
By Rolf Crocker
 

Rolf CrockerAs I find myself immersed in the planning tools like Gannt and PERT charts, CPM, WBS, etc., I'm also considering how these planning tools do help me and would help my manager friends. As with any planning system one first must determine what tasks must to be accomplished before others tasks can begin. What is the timeframe for completion and what are the penalties for failing to complete the task or project? In the world of construction, each project is unique and complex and as such needs a competent plan to succeed. In the management world, each association is unique and complex and should have a competent plan for success.

Planning is a combination of science (metrics), art (subjective conditions) and circumstance (luck) that all have to mesh well. As Professor Randy Pausch said, "You can't control the cards you've been dealt, but you can control how you play the hand." Exactly like life. So - what are some steps you can take from the world of Construction Management (CM) and apply them to your work...and life?

1) List all of your tasks then determine your "critical path." Everything is urgent, but not everything is important. Make a list of all of your tasks and evaluate and prioritize each one to separate out the urgent from the important.

2) Group tasks that are related to each other together. In construction, you can't frame the walls until the foundation has been laid. There are "preceding" tasks and "succeeding" tasks. Group your own tasks accordingly.

3) Determine what your milestones (deadlines) are for each task, then work backwards (backtiming) to accomplish the preceding tasks. Timing is everything. Time accordingly, because there will invariably be....

4) Unforseens. We plan in a perfect world, but execute in the real world where even good plans rarely come off without a hitch. My advice is: When faced with obstacles, don't get hung up, do other concurrent and supporting tasks until the Critical Path issues are resolved. Too often, we become immobilized because of roadblocks. Planning includes the expectation of things going wrong. Have workarounds in mind so you or your projects don't get stopped in their tracks.

I now realize there are many similarities between community management and construction management. Construction, by its nature, is the complex coordination of the many disparate parts and people into the finished product. That definition sounds just like the job of any manager. Be open to these planning principles and be flexible. Then allow yourself to be amazed at the outcome.

Rolf Crocker is Chief Marketing Officer for Axis Construction and Consulting www.axisconstruction.comand he can be reached at

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When Times Get Rough
by Craig Huntington
 www.chuntington.com 

In my book Risk: A Road Worth Traveling, I talk about the fact that risk is an inherent part of any venture. No one can identify every pitfall that a business is going to face, no matter how optimistic the outlook.

Much like life itself, the business environment is a malleable thing. Change is the only thing you can count on without exception. Change is what makes new products and new ideas great. But change is also the thing that can throw an unexpected wrench into the machine and knock your well-planned strategy into the dead zone.

What you do in these times of crisis is really what defines you as a businessman or businesswoman. It's what defines your character. And it's your character that defines your destiny.

More Emails:

Julie:
I have just read your latest newsletter and was intrigued by Rob's definition of Manager Professionalism. Some time ago I came across a definition of Professionalism in a novel that I read on a plane on my way toDavid Regenbaum facilitating the M-310 course for CAI. I thought it was a great definition in spite of it being applied to a professional assassin.
"Being a professional requires more than just making judgments based on training, experience, and ability. It demands a particular attitude --- a balance between commitment and objectivity." David Morrell in "Extreme Denial" Published in 1966 by Warner Books, Inc.

David Regenbaum, CEO
Association Management, Inc.

Executives on the Move!
Are you or one of your executives on the move up? That is great news! Send me an email with the new position, press release link, and the executives' photo and I will post the announcement. A big congratulations to all for moving upward in your career! Send info to  

1/10/12 NN Jaeschke, Inc names Robert Felix CMCA, LSM, PCAM, RS President and CEO. Click here for press release 


Associa names George Skrbin Senior Vice President to oversee 11 Associa branch offices through out the United States. Click here for more info.


 


1/1/12 Amelia Island Plantation Community Association names Joe Bunting LSM, PCAM CMCA MCMJoe Bunting Executive Director Click here for more info.



12/20/11 Benchmark Associaiton Services names Vincent Oliva Senior Vice President
Click here for more info.


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We Get Emails...

Julie,
Nice Newsletter. Hopefully all your New Year Resolutions will come true. Keep up the good words, we really are out here listening.
Michael Huffman, AMS, CMCA, CCAM, PCAM, CEO Management Professionals, Inc.

Julie,
By the way, loved your New Years resolutions piece. I forwarded it to my managersJeffrey Ulm and I encouraged them to send it to their boards.
Jeff Ulm VP
Sentry Management, Inc. 
Tampa, FL

Julie,
Thanks for a great newsletter.
Ned Heiskell, PCAM CCAMNed Heiskell
EVP,  NN Jaeschke
San Diego, CA

Julie,
Thank you for including my quote. You are very kind. I hope you have a very MerryRob Felix Christmas and a wonderful Holiday!
Rob Felix CMCA, LSM, PCAM, RS
San Diego, CA

Julie,
Great newsletter my dear.
Vicki MacHale, CCAM CMCAVicki MacHale
Executive Director
ARK Mgmt.

Julie,
You do a very nice job with this newsletter.John Thompson CMCA, LSM, PCAM
John G. Thompson, LSM PCAM
Executive Director
Seabrook Island POA
Charleston, SC


Julie Speaks

1/26-27/12 Chicago, IL Lieberman Mgmt. Services Board Retreat
3/1/12 Seattle, WA NMA 706 Port of Seattle
3/9/11 Minneapolis/St.Paul MN, MN Chapter, CAI
5/11/12 San Diego, CA
San Diego Chapter, CAI
9/15/12 Scranton, PA Large Scale Manager's Workshop
Click here for full schedule.
Short Reviews:
"I heard your presentation at the Hawaiiana workshop and was SO
impressed. I think the information you presented is essential for every Board, especially new Board members...." - Diana, Honolulu Click here for more reviews.


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