Mike McGahan, President and CEO of CLV Group Inc., Discusses Leadership Role, upcoming Real Estate Developments
Dedication and passion are just some of the important traits that make up a positive role model and business leader. As President and CEO of CLV Group Inc., Mike McGahan understands the importance of these characteristics, along with having appreciation for those people who work beside him.
Mike’s altruistic nature was ingrained in him by his late father, Don McGahan, a beloved high school principal who taught students how to develop their leadership skills through philanthropy and other extracurricular activities.
Today, Mike McGahan applies his father’s values to every aspect of running CLV Group and InterRent REIT, where he is also the CEO and Trustee. He has included community involvement as a pillar in the culture of both companies.
CLV Group is a property management company that has one of the largest and most diverse selections of residential rentals in Ontario. To date, the management company has bought, sold, financed and managed more than $3 billion of properties, with the company continuing to impact the rental markets in Ontario and Quebec.
As a result of its success, Mike has earned a reputation as one of the top property managers in Canada. Mike’s leadership style can be described as people-friendly and enjoys getting to know everyone who he works with and frequently asks for his team’s input and ideas.
You’ve been in the industry for over 30 years, having learned what works and what doesn’t as a leader. What advice would you give someone going into a leadership position for the first time?
Mike McGahan: My advice would be to lead with integrity and don’t be afraid to do what you expect others to do. If you want your team to work hard and be honest then make sure that you work the hardest. As a leader, your measure of success is reflected by other people and what they do too. Most importantly, always listen to the opinions and advice of those who work alongside you. Make sure your team knows that you respect them as individuals. Sure, a hello in the hallway is nice, but instead of small talk, try to get to know them on a personal level. People are more loyal and perform better when they feel valued.
Effective leadership goes far beyond understanding an employee based off of their performance review. Lastly, if you don’t hear laughter on a regular basis, something is wrong. Positive employee morale is crucial.
InterRent is known for buying and renovating undervalued properties, typically upgrading the facilities to attract new residents Explain how this business model works.
Mike McGahan: We focus on the upgrades that modern-day residents want. Often these upgrades include eco-friendly enhancements, such as green spaces and energy efficient appliances. InterRent employs an entire energy management department to ensure all properties are as energy friendly as possible. These efforts especially appeal to environmentally-conscious millennials.
We are primarily focused on markets with historically stable occupancy. InterRent’s business model is to buy properties within close proximity to major areas to create efficient property management. This strategy has kept us in line with our core business plan.
What can we expect to see in the near future with respect to bringing new properties in the fold?
Mike McGahan: InterRent recently reached a deal to purchase three high-rise apartment buildings in Montreal. We are excited about the deal because it will increase our portfolio of Montreal properties to 2,700 suites, which is approximately 27% of our total portfolio. Fueled by a recent influx in population, Montreal is expected to continue to grow. The city’s year-over-year population growth rate is actually outpacing the national average for Canada. Montreal has a lot to offer and we look forward to supplying our residents with new housing options.
6 Unexpected Security Concerns, and How to Prepare
As powerful as the Internet is right now, it’s impossible to even imagine where it will go over the next years and beyond. But, as fast as security protection continues to improve, hackers seem to improve even more quickly. Everything from new devices to apps…
Your Business Needs These 13 Digital Security Solutions – Here’s How To Get The Most Out Of Each
How would you characterize your organization’s digital security posture? If you’re not sure how to answer this question, or perhaps would prefer not to answer it at all, you’re not alone. Countless decision-makers, from uber-competent CTOs and CISOs to CEOs and COOs who couldn’t code…
Louisiana And Oklahoma Introduce Digital Identification To Prevent Fake ID Use
Digital ID in Louisiana Utilizing digital IDs has been a commonly broached topic for a while now. Although most states are only either deliberating their helpfulness or in the utmost initial stages, Louisiana has moved forward. The primary introduction of this technology was done back…
ScanGuard Review – Here is What You Should Know
Doesn’t it sound good and satisfying to have a goop-performing antivirus that is reliable enough? Yes, it is. For that reason, you need to be extra careful when you are in search of a good antivirus. Put all the necessary factors into consideration so that…
The Emerging Need for Social Media Security
By the time you’ve finished reading this sentence, nearly 700 passwords have been stolen from social media accounts across the world. Social media security breaches have the potential to cause up to $6 trillion in cybercrime damages by 2021, up from $3 billion in costs…
- 3D Printing
- App Dev
- Artificial Intelligence
- Arts and Entertainment
- Big Data
- Blockchain Tech
- Business Technology
- Car Technology
- Cloud Computing
- Cloud Storage
- Computer and Technology
- Conference Calling
- Coupons and Deals
- Cyber Security
- Dark Left 1
- Data Center
- Data Recovery
- Digital Arena
- Digital Marketing
- Edu Tech
- Email Marketing
- Google Glass
- Guides and Tutorials
- Health and Fitness
- Home Improvement
- Home Security
- Internet and Businesses Online
- Internet Marketing
- IT Careers
- Mobile Apps
- Mobile Security
- New Tech
- Online Shopping
- Project Management
- Reference and Education
- Reputation Management
- Sales & Marketing
- Shopping and Product reviews
- Small Business
- Social Media
- Tech Trends
- Technical Support
- Technology in Education
- Tips & Tricks
- Tips And Tricks
- Video Conferencing
- Virtual Reality
- Wearable Technology
- Web Design
- Web Development
- Web Hosting
What Is Salesforce Data Integration?
Salesforce data integration means integrating the data you gather in Salesforce about leads and clients and sharing that with another system. At the same time, the data gathered in the other system is shared with and accessible in Salesforce. Salesforce has some useful built-in integrations….
Why It Pays To Be A “Good Guy” In Commercial Leases
In the world of commercial real estate, good guys don’t finish last. Good guys protect their personal finances and credit. The good guy clause is very popular in areas like New York where the eviction process can be rather lengthy and it can take a…
3 Ways to Prepare For Cyber Security Risks That Employees Must Know
In a world where everything is much easier to do via mobile, app, or device, technology is not going to slow down. We’re all guilty of potentially owning more than one device, whether that is our personal phones, work phones, tablets or fitness trackers. All…
Non-Negotiable Elements For Your Business IT Security Plan
In 2019, having a business IT security plan is more important than ever. An IT security plan is the first line of defense you have for protecting your business – and your clients – against cybercriminals. Cybercriminals include hackers, who frequently obtain personal information with…
Businesses Need To Be Proactive When It Comes To Cyber Security
For business of any size, making sure they are not only compliant with security regulations but continually improving and adjusting the measures they have in place is vital. Quite often the factor which determines how a business approaches cyber security is the mindset of the…
How To Become A Cyber Security Analyst
What is Cyber Security? Cyber security is the practice of protecting a system or network from digital attacks. These attacks are generally aimed to retrieve or destroy sensitive information and it is a serious threat to all the organizations. Who is A Cyber Security Analyst…