It’s a different way of doing business that we love so much.” More than anything else, Leah and her husband strive to stand out by keeping their “family-owned-and-operated” ethos central to their business: “Every client has direct access to my personal cell and is invited to our home every few months for a get-together. Make yourself stand out and be the apple in a bag of oranges, because there are a thousand companies out there trying to do property management, so do something different. “Be ingenious, intuitive, and think outside the box. What advice does she have for those who want to be successful in the property management field? Most of the large companies have sold and gone corporate, so it isn’t really individually owned by a local face anymore.” Leah says that she’s never felt treated differently as a woman in property management, though many of her peers are men: “In real estate, perhaps half of who I encounter are women. I absolutely love my job, our team, and the flexibility and lifestyle it provides.” That said, when done right, it’s a great source of consistent income and most importantly, it’s something that you will fall in love with if it’s a fit for you. You will always end the workday with things left to do. It isn’t something where you’ll be able to go home and easily turn your brain off. “Property management is something you have to live and breathe. M ost of my work is done from my laptop in my car while out visiting properties to buy to increase our portfolio. Leah continues: “We have an incredible team for our property management company, and we take a very active oversight role although most of the time, I’m being pulled in twenty directions at once. Most of my day is spent on calls and emails and scoping properties.” Just kidding, but in all seriousness, I handle over 1,000 emails a day between our two companies. Leah describes herself as a ‘Type A’ personality, with her typical day consisting of “my phone in front of my face. Leah and her husband have worked hard to build their business, and their level of dedication is evident. When it came to managing properties, she says they fell into it: “Our first clients were investors, and it just clicked.” After first focusing on the Dallas/Fort Worth area, they’ve since grown to cover nearly the entire state. Within months, they’d earned their licenses and were ready to sell. My husband said, ‘Leah, we could do this better.’ ” Then, at closing, we realized the ridiculous amount of money the agent and lender had made on the transaction. “I wanted to negotiate hard, and our agent didn’t want to do that. “We bought our first house before we were 20 years old,” Leah recalled. They decided to start the company in 2006 after going through the process of buying a home. Leah and her husband founded their successful property management company, OmniKey Realty, in Plano, TX when they were just 19 and 20 years old. Leah Slaughter, Co-Owner of OmniKey Realty LLC We reached out to two successful female property managers to find out what attracted them to property management, and what it’s like to be a woman in this profession and to relay the wisdom they’ve gained along the way. In celebration of International Women’s Day, we wanted to shine a spotlight on exceptional women in our industry. However, the ratio of women to men varies wildly within the real estate industry: While 77 percent of residential real estate professionals are women, the same is true for just 35 percent of those in commercial real estate. Notably, property management is a profession where women are already thriving: 1 in 2 property and community association managers are women, according to the Bureau of Labor Statistics ’ most recent estimates. The race is on for the gender-balanced boardroom, a gender-balanced government, gender-balanced media coverage, a gender-balance of employees, more gender-balance in wealth… Gender balance is essential for economies and communities to thrive.” “Balance is not a women’s issue, it’s a business issue. This year’s theme, #BalanceforBetter, calls all of us to create a more gender-balanced world, where women are represented across industries. Each year, International Women’s Day is a reminder of the strides that women have made toward equality around the world, as well as the work that remains to be done in achieving parity.
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