Property Management – Bell Canyon – Residential and Commercial Property Managers

Top 5 Certifications & Licenses for Property Managers

Government Issued Real Estate Licenses & REALTOR® Membership

Many states require a property management company to hold a real estate broker license, especially if the company is responsible for rent collections, property listings or negotiating leases. As a property manager working under a management company, you may only be required to maintain a real estate salesperson license, but you are typically required to work under the supervision of a licensed real estate broker.

Property managers in some states such as Maine, Idaho and Vermont are not required to have a real estate license. Oregon, Montana and South Carolina are a few of the states that permit a property manager to work with a license in property management instead of a real estate broker license.

Real estate and broker licenses are awarded by the state governments, real estate boards, or local authorities in the area you wish to buy and sell properties. You are required to be licensed when conducting real estate transactions (buying/selling) in any of the fifty States of the United States, as well as in many countries internationally.

Please note: a real estate license is not the same as REALTOR certification through the National Association of Realtors (NAR) albeit, you will want to join NAR as well.

Certified Manager of Community Associations (CMCA)

Awarded by the National Board of Certification for Community Association Managers (NBC-CAM) and created by the Community Associations Institute (CAI), this is one of most useful and practical certifications you can obtain.  NBC-CAM adheres to the National Commission for Certifying Agencies’ (NCCA) guidelines and plays an active role in the careers of its members.

Members are actively kept up to date on the latest property management laws applicable to their state and are networked to other local CMCAs.  However, members are also required to fulfill continuing education requirements to maintain the certification.  If you are pursuing a career in property management, and expect to manage properties besides your own, I would highly recommend getting your CMCA certification.

Residential Management Professional (RMP)

Awarded by the National Association of Residential Property Managers (NARPM), this is a highly recognized credential for property managers. NARPM offers designations to certify ethical and professional standards of conduct for property managers. The RMP program is similar to the CPM program, in that you will need to have a real estate license, have two years minimum experience and have managed at least 25 rental units during your candidacy period.

Other NARPM certifications include:

• Master Property Manager (MPM)
• Certified Support Specialist (CSS)
• Certified Residential Management Company (CRMC)

Certified Property Manager (CPM)

Awarded by the Institute of Real Estate Management (IREM), this is one of the most highly respected form of credential in property management. However, the requirements are extensive and it is not easy to qualify. In order to become certified in property management you must be experienced and well-trained in every aspect of the business and are certainly encouraged to invest in rental properties yourself.  You also must hold a real estate license or prove that you are not required to obtain a licensed in real estate from your locality.

Other IREM certifications include:

• Accredited Residential Manager (ARM)
• Accredited Commercial Manager (ACoM)
• Accredited Management Organization (AMO)

Certified Apartment Manager (CAM)

Awarded by the National Apartment Association (NAA) this is the best certification for you to earn if you primarily deal with apartment rentals. CAM certification programs are available online.  In class CAM programs are scheduled by local and state affiliates. The program requires you to take a series of CAM courses, complete a project and pass the required examination.

Other NAA certifications include:

• Certified Apartment Portfolio Supervisor (CAPS)
• Certificate for Apartment Maintenance Technicians (CAMT)
• National Apartment Leasing Professional (NALP)

If you are investing overseas, remember that each country has their own set of rules. To learn more, check out the most common international licensing requirements.

In the US, the majority of accredited, online programs for a certificate in property management are undergraduate-level certificate programs. In most situations you are required to have earned either a high school diploma or a GED before you can enroll in an online program for property management certification or degree.

FROM: https://www.landlordology.com

Carnahan Property Management Services Woodland Hills,West Hills,Bell Canyon, Hidden Hills, Calabasas, Canoga Park, Tarzana, Reseda, Topanga, Encino, Northridge, Van Nuys,North Hills,Chatsworth, Sherman Oaks, Studio City, North Hollywood, West Hollywood, San Fernando Valley, Granada Hills, Mission Hills, Simi Valley, WestLake Village, Agoura,Toluca Lake, Valley Village, Burbank. Call us at (818) 884-1500 to check if we can service your area. 60+ years of service.