If you are a member of a property management association, you can attest to the various benefits.
Joining a national association in the property management industry allow property managers to network, learn more about the rental housing industry, and stay up to date with trends by listening to other residential property managers.
If this sounds like something you would be interested in, you have come to the right place.
In this guide, we will be going over the top 5 property management associations that anyone in real estate management should join.
To begin, let's go over why anyone would want to join a property management association.
Why Should You Join A Property Management Association?
Joining a property management or real estate investor association has countless benefits. And, although it may cost some time and money to join, they are completely worth it.
One of the most important benefits of joining an association is that you can network with others in the industry. This includes property managers, real estate agents, property owners, or maybe an executive from a high-standing property management company.
Another one of the many benefits of joining a property management association is the events. These events, such as conventions and trade shows, allow you to meet new professionals from across the country. You can also learn about any up-and-coming trends or property management resources.
Typically, each association will have its own website with its upcoming events. It is important that you keep up with these events so that you don't miss the most important ones.
The next benefit of joining a property management association is that you will expand your knowledge. The best way to do this is by speaking to others with similar occupations and learning about their methods.
This way, you can learn about what services are in demand, what marketing strategies are working the best, and general advice for growing your business.
By joining an association, you may also gain access to certain certifications. These certifications, plus other credentials, could help boost your credibility in the property management scene.
So, now that we know about some of the benefits of joining a property management association, let's go over some of the best associations for property managers to join.
Top 5 Best Property Management Associations to Join
Below is the list of the top 5 best property management associations to join.
Building Owners and Managers Association (BOMA)
BOMA is a large property management association, boasting over 15,000 members nationwide. These are comprised of property managers, building owners and developers, leasing professions, and much more.
One of the greatest benefits of joining BOMA is that they deliver development programs geared towards meeting the changing educational needs. This means that the association invests in its member's growth and success.
Members also have access to countless events every year. These include conventions, conferences, webinars, and trade shows.
National Association of Residential Property Managers (NARPM)
NARPM is a very long-standing organization that was founded in 1988. This association has always pushed to educate its members on how professional property managers should conduct business.
One of its core functions is to "offer an effective, professional learning environment for owners of property management companies and their employees." The organization focuses on providing education, resources, and tools for residential property managers to grow.
Institute of Real Estate Management (IREM)
IREM is an international community of residential and commercial real estate managers. IREM members are dedicated to promoting ethical business practices, maximizing investment value, and promoting superior management.
This organization also supports its members through all stages of their careers. They do this by providing training, professional development, and collaboration.
National Apartment Association (NAA)
The NAA is another accredited organization that is one of the leading voices in the rental housing industry. The NAA represents more than 81,000 members and the 9.6 million properties they operate.
Its mission statement is to "serve as a trusted, preeminent resource for all stakeholders in the rental housing industry through advocacy, education, and collaboration." Members have access to exclusive dedication and training, discounts, and industry publications.
National Association of Realtors (NAR)
NAR is the largest trade association that boasts over 1.4 million members. Members come from all stretches of property management. This includes residential and commercial brokers, salespeople, property managers, and other real estate professionals.
NAR offers its members a wide variety of educational material, advanced research and statistics, professional development, and more.
By joining any of these associations, you are signing up for a number of benefits. You are also signing up to meet a ton of new people that share the same interests as you. So what are you waiting for!