M id A tlantic Real Estate Journal — Women in Business — October 30 - November 12, 2020 — 11C
Women in Business Elaine Warga-Murray, CMCA, AMS, PCAM CEO/Owner of RMG, Regency Management Group, Inc.
Some the challenges that I had to maneuver include: Sex- ism- although everyone thinks that there is more equality in the business environment now than there was 10 or 15 years ago , I and the women professionals in my firm still have to be twice as good and work twice as hard to compete with men in the indus- try. There are very few women property management company owners and generally men get promoted to supervisors more often than woman, although women managers are in the majority. Another challenge is the proliferation of national conglomerates that overtake
small businesses and are able to get away with practices (such as owning all ancillary service com- panies that reduce competition and can create conflicts of inter - est) that place a small business owners at a disadvantage. And then of course, the eco- nomic challenges that many clients are struggling to over- come, force fees to lower levels in order to be affordable. Adopting innovative methods and utiliz- ing technology to streamline overhead costs is extremely important in addressing the noted challenges and succeed- ing to remain viable and growth oriented. MAREJ
ell us how and when you began your ca- reer in the profession
Elaine Warga-Murray, CMCA, AMS, PCAM CEO/Owner RMG, Regency Management Group, Inc. Years with company/firm: 13 years Years in field: 35 years Real estate organizations/affiliations: CAI, IREM, Monmouth County Board of Realtors
you are in: I began my career in commu- nity management and property management when I was run- ning a cable TV station for a large developer and learned ev- eryone’s job... and then became the first woman in New Jersey to earn the PCAM national designation and discovered that I could do the job, develop in- novative protocols and improve the industry. What is your current position? As the CEO and owner of RMG, Regency Management Group, Inc. a NJ based property management firm, I have been responsible for helping 100 women excel in the property management field and served clients with the most personal- ized service and cutting edge technology. What was your greatest professional accomplish- ment in 2020? The greatest accomplishment in 2020 was maintaining my team in a safe environment, while serving customers without interruption. Modifying work hours, adopting remote methods and utilizing the various options, such as global emails, texts and calls to keep clients informed; using Zoom effectively for meet- ings and maintaining personal connections; and establishing new protocols for sanitizing and safely using shared spaces. How do you manage the work/life balance? Managing work/life balance includes encouraging hobbies; supporting volunteering activi- ties and making sure that team members have support to make their jobs a comfortable endeav- or. Since offices are closed, less formal attire in the work place is becoming more acceptable…and working from home/remotely has been made easier with bet- ter IT systems and allows team members to integrate their work and home life as seamlessly as possible. What were some of your early goals and did anything happen in you career /profes- sion to enhance or change them? Some early goals that led me to start my own firm are my desire to provide the kind of service that I would expect as a client; to develop innovations to work more efficiently; to mentor women and assist women in ca-
reer growth; to assist women in making the transition into lead- ership positions. Fortunately, I met those goals and enjoyed the personal and professional satisfaction of building long
lasting relationships. What challenges and/or obstacles do you feel you needed to overcome to be- come as successful as you are today?
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