Property Management Certifications and Licenses are an excellent way to keep up to date on the new laws and trends within the rental industry. Many real estate investors have also use these certifications to make additional income managing other peoples properties.
The Top 3 Property Management Certifications and Licenses
NARPM (National Association of Real Estate Property Managers)
NARPM is one of the largest property management associations for smaller property managers who mostly manage single family homes.
Certification – Residential Management Professional (RMP)
Pre Qualifications – You must already manage 100 units over a two-year period and be committed to gaining new skills that will take your company to the next level.
How to Apply – Online
Other Certifications
Certified Support Specialist (CSS)
Master Property Manager (MPM)
Certified Residential Management Company (CRMC)
Certified Maintenance Coordinator (CMC)
Certified Residential Management Bookkeeper (CRMB)
IREM (Institute of Real Estate Management)
IREM has a lot of members that manage commercial, apartments and single family homes.
Certification – Certified Property Manager (CPM)
Pre Qualifications –
- Fulfill the one year Candidacy period by being a CPM Candidate Member, ARM Member, or ACoM Member in good standing for the 12 months prior to CPM approval
- Be in good standing with annual national and chapter dues. (national dues are $495; chapter dues vary by chapter.)
How to Apply – Online
Other Certifications
Accredited Residential Manager (ARM)
Accredited Commercial Manager (ACOM)
Accredited Management Organization (AMO)
National Apartment Association (NAA)
NAA is the largest apartment association with over 74,000 members. Members range from property managers, vendors, owners, leasing agents, marketers and more.
Certification – Certified Apartment Manager (CAM)
Pre Qualifications –
- Minimum of 12 months of onsite property management experience
- Successful completion of all CAM coursework (totaling 40 hours)
- Meet all examination standards within 12 months of declaring candidacy
How to Apply – Online
Other Certifications
Certified Apartment Portfolio Supervisor (CAPS)
Certificate for Apartment Maintenance Technicians (CAMT)
National Apartment Leasing Professional (NALP)
You can also take the NAR courses for property management and get your (CPM) certified property manager designation.
Some of the things you would need for this certification are 3 years qualifying real estate management experience as defined by IREM, fulfill a one-year candidacy period by being a member in good standing for the 12 months prior to CPM® approval, submit 3 letters of recommendation, hold a real estate license, attend 2 IREM chapter meetings and be interviewed and approved by your IREM chapter.
