A Certified Property Manager (CPM) is a professional with an internationally recognized designation awarded by the Institute of Real Estate Management (IREM). They have the knowledge and experience to manage various types of properties and specialize in turning a losing property into a profitable venture. A CPM maintains high ethics and a commitment to continuing education. They are an excellent candidate for anyone with an investment in income generating properties.
A Certified Property Manager (CPM) is a professional who has achieved an internationally recognized designation awarded by the Institute of Real Estate Management (IREM). IREM is an organization whose roots go back 75 years, beginning in the United States as an affiliate of the National Association of Realtors. It is international in scope and is world renowned for its emphasis on professionalism, knowledge and ethics.
In the property management business, a Certified Property Manager is one who has the knowledge and experience to manage approximately 91 different types of properties. He can handle any property from a single dwelling, to large multi-family complexes, to any type of commercial development. Often, a CPM handles multiple properties in both residential and commercial locations at the same time.
CPM specializes in acquiring a property that is losing money, then devising and implementing a plan to turn the property into a profitable venture. Both his real life experience and the education he receives towards his certification make a Certified Property Manager very useful for anyone looking to maximize an income generating property. A property manager who has achieved certification is a dedicated IREM member who maintains a high code of ethics and a commitment to continuing their education throughout their working lives. A lapse in either could mean loss of certification.
The widely recognized experience and high integrity of a Certified Property Manager make him an excellent candidate for any person or group with an investment in income generating properties. In fact, in property management, about 70% of those in the highest management positions are certified property managers. In the United States, all federally funded housing units must be managed by a certified property manager.
A certified property manager is able to do much more than oversee the day-to-day operation of an investment property. He is trained to plan ahead, whether an investment in a specific property has a short-term goal of a few years or a long-term goal of several years. Your skill set includes social savvy, legal savvy, financial analysis, administration, asset management and a strong understanding of economics.
When a property manager earns the title of Certified Property Manager, they have an average of 18 years of real estate management experience. Worldwide, there are 8,000 to 9,000 people who have been given this designation. Demonstrates dedication to career and industry knowledge.
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