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Top
Rated Certified Property Management Courses
for a Property Manager PART 2
If
you are serious in becoming a professional property manager, earning
your certified property management status will be the quickest way for
you to leapfrog your career. Find out which are the
best certified property management courses and how to earn
your property management credentials in this Part 2
of our Property Manager Guide.
Do You Know
What Exactly is a CPM? If No, Click here to
read Part 1
of this Guide.
What
are the CPM Courses and Tests that You will Need to Pass?
To
become a Certified Property Manager CPM, you are expected to be well
trained and experienced in
all aspects of investing and managing rental properties.
Before
we begin,
you should know that you can skip these CPM courses if
you already have the relevant property management credentials or
degrees. If you hold a CCIM, CSM, PCAM, PCA title, you won't have to
take these courses. The same goes for degree holders in real estate or
property management from an accredited college.
Otherwise
you will need to complete the following Institute
of Real Estate Management IREM
courses to complete your certified property management training. You
can choose
to study them in a classroom setting or learn them online at home:
- Marketing
and Leasing Rental Properties
- Human
Resource Essentials for Real Estate Managers
- Property
Maintenance and Risk Management
- Investment
Real Estate: Financial Tools
- Investment
Real Estate Financing and Valuation - Part 1
- Investment
Real Estate Financing and Valuation - Part 2
- Investment
Real Estate Financing and Valuation - Part 3
Regardless
of your property management credentials or educational background,
every CPM candidate has
to take the course "Ethics for the Real Estate Manager" and pledge to
uphold the IREM's code of professional ethics.
What
are the Other Top Rated Property Management Certification?
A Certified
Property Manager CPM
title is the cream of the crop when it comes to certified property
management training in the U.S. and Canada but it is not easy to
qualify as a CPM candidate.
Just the grueling requirements for the number and size of rental
properties managed will be a tall order for most rookie property
managers.
But you
don't have to worry because there are other
well respected and widely recognized property management credentials
that you can consider.
Accredited
Residential Manager ARM
This is another lower level credential that is also offered by IREM Institute
of Real Estate Management. Compared to their CPM program, it
is much easier for you to qualify as a ARM candidate.
Major
differences include less and easier courses to study and an experience
requirement of just 1 year (instead of 3 years). The portfolio
requirement is also much smaller, meaning that you won't have
to
manage a huge number of rental properties before you are allowed to
apply for ARM.
Residential
Management Professional RMP
The NARPM National
Association of Residential Property Managers
is another well established player in the certified property management
training and they offer the widely recognized RMP credential to budding
property managers.
The steps to achieve a RMP is highly similar
to that of the CPM program except that RMP has less requirements and
more lenient guidelines. You will need to hold a real estate license,
have at least 2 years of experience and manage a minimum of 25 rental
units. You will also have to complete 18 hours of NARPM courses and
submit reference letters.
Certified
Apartment Manager CAM
The National
Apartment Association
NAA is a real estate association that specializes in residential rental
properties with multiple units. If you are mainly dealing with
residential multiplexes, then a CAM title will be beneficial to your
career.
Compared to the other designations that we have listed
here (CPM, ARM, RMP), the CAM certification is arguably the easiest to
obtain. There is no experience, portfolio or professional requirements
- All you have to do is to take the CAM courses, complete a online
community analysis project and pass the online exam.
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Worth Your Time and Money?
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As we all know, a certified property management title from IREM is the most desired property management certification in the U.S. and Canada. However becoming ...
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