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Property Manager
A property manager or estate manager is a person or firm charged with operating a real estate property for a fee. The property may be individual title owned or owned under the sectional title, share block company owned, and may be registered for residential, commercial office, and retail or industrial use. In 2006, the Bureau of Labor Statistics Office of Occupational Statistics reported that there were 329,000 property managers employed in the United States, with the number expected to grow to by 50,000 by 2016. Overview of responsibilities Typical duties expected of a property manager include finding/evicting, dealing with tenants, and coordinating with the owner's wishes. In addition, such arrangements may require the property manager to collect rents and pay necessary expenses and taxes, making periodic reports to the owner, or the owner may delegate specific tasks and deal with others directly. A property manager may arrange for a wide variety of services, as may be request ...
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Bureau Of Labor Statistics
The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor. It is the principal fact-finding agency for the government of the United States, U.S. government in the broad field of labor economics, labor economics and statistics and serves as a principal agency of the Federal Statistical System of the United States, U.S. Federal Statistical System. The BLS collects, processes, analyzes, and disseminates essential statistical data to the American public, the United States Congress, U.S. Congress, other Federal agencies, State and local governments, business, and labor representatives. The BLS also serves as a statistical resource to the United States Department of Labor, and conducts research measuring the income levels families need to maintain a satisfactory quality of life. BLS data must satisfy a number of criteria, including relevance to current social and economic issues, timeliness in reflecting today's rapidly changing economic conditions, accur ...
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Alpha Books
Alpha Books, a member of Penguin Random House, is an American publisher best known for its Complete Idiot's Guides series. It began as a division of Macmillan. Pearson Education acquired Macmillan General Reference (MGR) from Simon & Schuster in 1998 and retained Complete Idiot's Guides while the rest of MGR was sold to IDG Books. Alpha moved from Pearson Education to Penguin Group Penguin Group is a British trade book publisher and part of Penguin Random House, which is owned by the German media company, media Conglomerate (company), conglomerate Bertelsmann. The new company was created by a Mergers and acquisitions, mer ... in 2003. Alpha became part of sister company DK in 2012. , the Complete Idiot's Guides contains over 120 books. References External links Alpha Booksat Penguin Group (USA) Book publishing companies based in New York (state) Penguin Random House Publishing companies established in 1991 1991 establishments in New York (state) {{Publ ...
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Property Management
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition. This is much akin to the role of management in any business. Property management is the administration of personal property, equipment, tooling, and physical capital assets acquired and used to build, repair, and maintain end-item deliverables. Property management involves the processes, systems, and workforce required to manage the life cycle of all acquired property as defined above, including acquisition, control, accountability, responsibility, maintenance, utilization, and disposition. An owner of a single-family home, condominium, or multi-family building may engage the services of a professional property management company. The company will then adver ...
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Building Owners And Managers Association
The Building Owners and Managers Association (BOMA International) is a Trade association, trade organization founded in 1907 for Commercial property, commercial real estate professionals. Its mission is to advance the performance of commercial real estate through advocacy, promoting professional competency, standards and research. Standards BOMA first published the ''Standard Method of Floor Measurement for Office Buildings'' in 1915 which became the ''BOMA Method for the Measurement of Buildings''. Since then, it has become an international standard for determining the dimensions of buildings. The American National Standards Institute recognizes this standard as ANSI Z65. The US Government recognizes this standard in and to define "the area where a tenant normally houses personnel, and/or furniture, for which a measurement is to be computed." This standard is critical as it is used by architects to determine Common area#Loss factor, a commercial building's efficiency, specifica ...
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Real Property Administrator
__NOTOC__ The Real Property Administrator (RPA) designation is a professional designation for commercial property managers awarded to people with several years of experience and completing the Building Owners and Managers Association advanced study program. The designation is administered by Building Owners and Managers Institute (BOMI) International, an independent nonprofit institute for property and facility management education. The program covers all aspects of operating a commercial property and maximizing a net income while minimizing risk. Required coursework includes: * Law and Risk management * Budgeting and accounting * Environmental health and safety * Business ethics Business ethics (also known as corporate ethics) is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business c ... * Real estate investment and finance * Design o ...
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Institute Of Real Estate Management
Institute of Real Estate Management (officially, Institute of Real Estate Management of the National Association of Realtors) is an international trade organization of real estate managers. An affiliate of the National Association of Realtors, the IREM is made up of real estate management professionals, and is the only organization serving both the multifamily and commercial sectors. The Institute of Real Estate Management has different tiers of membership. The organization issues different credentials, including: Certified Property Manager (CPM), Accredited Residential Manager (ARM) Accredited Commercial Manager (ACoM), or Accredited Management Organization (AMO). IREM has been instrumental in providing accurate and continually updated information for real estate managers in real-time to aid in responses to COVID-19 and its impact on managed properties.
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Certified Property Manager
Certified Property Manager (CPM) is a real estate professional designation awarded by the Institute of Real Estate Management (IREM) and recognized by the National Association of Realtors The National Association of Realtors (NAR) is an American trade association for those who work in the real estate industry. it had over 1.5 million members, making it the largest trade association in the United States including NAR's institute ... (NAR). The Institute offers a comprehensive program developed exclusively for property and asset managers working with different size portfolios of all property types. The designation is considered to be among the industry's premier real estate management credentials. There are over 8,600 professional real estate managers who hold this designation worldwide. CPM members manage approximately $900 billion in real estate assets. To attain the CPM designation, the candidate must join IREM, which costs about $500 a year, and join the local IREM chapt ...
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Manufactured Housing Institute
The Manufactured Housing Institute (MHI) is a U.S. trade organization representing companies and organizations that are involved in the production, sale and financing of manufactured housing, prefabricated home and modular home units. The MHI hosts trade conferences, coordinates lobbying before the United States Congress and state legislatures on issues relating to manufactured housing, compiles and publishes data relating to industry sales and provides marketing and public relations support to raise the awareness of manufactured housing. The organization was created in 1975 and is headquartered in Arlington, Virginia. It maintains statewide chapters across the country. See also Property managementProperty manager A property manager or estate manager is a person or firm charged with operating a real estate property for a fee. The property may be individual title owned or owned under the sectional title, share block company owned, and may be registered for ... References ...
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National Apartment Association
The National Apartment Association (NAA) is a non-profit trade association in the United States of apartment communities, owners and vendors. These member companies are also part of NAA with their membership at the local level. Members represent the various facets of the multifamily housing industry: apartment owners, management executives, developers, builders, investors, property managers, leasing consultants, maintenance personnel, vendors and related business professionals throughout the United States and Canada. NAA has its headquarters in Arlington, VA. Robert Pinnegar currently serves as the organization's president and chief executive officer. NAA lobbies for policies that benefit owners and operators. Its educational offerings are designed to maximize profits and limit liability and renters' rights. NAA also publishes a trade magazine, ''UNITS''. National Apartment Association Education Institute (NAAEI) That National Apartment Association also provides education co ...
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National Center For Housing Management
The National Center for Housing Management, Inc. (NCHM) was created by the Secretary of the U.S. Department of Housing and Urban Development, U.S. Department of Housing and Urban Development (HUD), George W. Romney, pursuant to an Executive order (United States), Executive Order of President Richard Nixon in 1972. The President took the action on the recommendation of a Blue-ribbon panel, blue-ribbon task force of national housing leaders chaired by Carter L. Burgess, the then Chairman of the National Corporation of Housing Partnerships (Executive Order No. 11668). The task force was made up of 13 members chosen by the President. The task force recognized that the country was in the process of greatly expanding its inventory of affordable housing but lacked the cadre of professional managers needed to successfully operate that inventory. President Nixon tasked NCHM with the mission of establishing industry standards for management and developing the training and other resources neces ...
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Property Caretaker
A property caretaker is a person, group, or organization that cares for real estate for trade or financial compensation, and sometimes as a barter for rent-free living accommodations.Dunn, Gary"Property Caretaking Rent Free"Escape Artist Magazine and Website Accessed May 2010. Duties and functions The caretaking profession includes positions as housesitters, ranch sitters, bed & breakfast and innsitters, property managers, estate managers, and hosts at resorts or campgrounds. Caretakers are sometimes used by property owners who are unwilling or unable to hire a professional management company. Many homeowners who rent their properties may hire caretakers instead of property managers in order to save money. Caretakers are not licensed by any state or local authority and are often relatively cheaper than their professional counterparts. In the UK, a number of buildings have a live-in caretaker whose part-time responsibilities might include letting tradesmen in, taking in parc ...
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