HIRING A PROPERTY MANAGER

Property management school

A property management school can describe an institution that offers two year or four year degrees, online courses which allow for distance learning, home study and correspondence courses, and programs that train candidates for professional designations. These schools have a broad spectrum of programs to fit many needs: high school graduates who want to obtain a degree; business professionals looking to specialize in property management; and continuing education for those already experienced in the property management industry.

Courses in a property management school are focused to address specific areas within the industry which might include these: property analysis; tenant relations; managing commercial property leases; forms and administration; legal issues within property management; marketing; economics of property management; apartment management operations; and procedures, systems and reports.1

Professional designations are certifications and credentials from organizations like the Institute of Real Estate Management (IREM), the National Apartment Association (NAA), The Community Associations Institute (CAI), the Building Owners and Managers Association (BOMA), and the National Association of Residential Property Managers (NARPM). Examples of these designations include Certified Property Manager (CPM) from the IREM, Residential management professional (RMP) from the NARPM, Real Property Administrator (RPA) from the BOMA, Certified Apartment Manager (CAM) from the NAA and Professional Community Association Manager (PCAM) from the CAI. The achievement of these designations generally require a certain number of learning hours, real world experience, and the completion of written exams. While these might not strictly be considered ?property management schools? their educational programs undoubtedly qualify as options for professionals in the property management arena.

With faster than average growth expected from the property management sector2, property management schools and education will no doubt continue to expand as well. Indeed, a property management school is becoming a popular choice for those who want a strong start in a challenging and diverse career.

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