What are the Certifications and Qualifications for Property Managers: As a property manager, there are various certifications you are expected to have. The benefit of these is that you will be seen as someone who has gone through all the necessary training. Of course, such will definitely boost your chances of landlords wanting to entrust their properties in your care. You will also consider the job responsibilities of property managers before appointing a professional. In case you are wondering how these certifications can be gotten, ensure to read the details of this post from beginning to end. It will reveal details about where and how you can get certified today as a professional property manager.
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Certifications and Qualifications for Property Managers
How these certifications work
As a certified property manager, you can be hired by landlords to manage properties in a professional way. This is because they have confidence that you understand the basic requirements for effective property management. You can take part in property transactions such as buying, selling, or even renting properties on behalf of their original owners.
What are the certifications?
It is important to note that there are various certifications you can get as a property manager. These are being managed by different organizations in the field of property management. As a property manager, being part of any of these organizations will enable you to market your skills effectively.
Some of them are:
IREM (Institute of Real Estate Management)
This is an international organization with over 20,000 members. The training, professional courses, and certifications that are offered here are recognized in various countries around the world. It is all about making property managers become very competitive by acquiring the needed knowledge they need to excel.
National Apartment Association
National apartment association is another organization that offers certifications to property managers. It is also recognized on the global stage. There are different real estate and property management courses available here. It even has a platform where members can take courses online. The training offered here doesn’t just suit property managers as they are also beneficial to property owners.
Also, Read: Marketing To-Do List for Leasing Apartments
NARPM (National Association of Residential Property Managers)
NARPM is an association or platform of real estate experts. It is a platform where people managing various real estate properties usually come together. Certifications issued here are globally recognized.
NAR (National Association of Realtors)
NAR is an association that has the vision of training real estate professionals. This is a popular association and its certifications are very important to create the right impression in any landlord that wants to hire your services.
CPM (Certified Property Manager)
There is no state that requires this certification under the law. However, it is a certification that is recognized globally. IREM is the body responsible for its administration. Before going through its application process, you must have managed different properties for at least 3years.
What you need to know
Please note that in most states, you only need two certifications/licenses in order to become a certified property manager. These will be highlighted below:
Property manager’s license or real estate broker’s license
In order for you to get properties listed, leases negotiated, and handle rent in a legitimate way, a property manager’s license or real estate broker’s license is required. There are states that will require only one while others may require that you have both.
It should be noted that acquiring both licenses requires that you go through classes, coursework, examinations, and continued education. At regular intervals, the license will have to be renewed through these processes also. This is to ensure you are meeting up with the current demands in the field of property management.
Also, Read: Tips for Hiring the Right Property Manager
Conclusion
Whatever you are doing as an aspiring property manager, ensure to get these two licenses as they will boost your chances of being hired by landlords for property management. Don’t forget that they are also required by the law. Other certifications you can go for to ensure your career is boosted are Residential Management Professional, Master Property Manager, Accredited Residential Manager, and Certified Apartment Manager.
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