As a property manager, having access to the right tools and information is crucial for success. Fortunately, there are many excellent resources available to help you streamline operations, stay informed about industry trends, and grow your business. Here are some of the top resources property managers should take advantage of:
Property Management Software
One of the most important resources for modern property managers is robust property management software. These platforms help automate and centralize key tasks like:
- Tenant screening and applications
- Rent collection and accounting
- Maintenance requests and work orders
- Lease management
- Financial reporting
Some of the top property management software options include:
Investing in quality software can dramatically improve efficiency and organization.
Industry Websites and Blogs
Staying up-to-date on property management news, trends, and best practices is essential for success in this dynamic field. One of the most valuable online resources for property managers is the National Association of Residential Property Managers (NARPM) website.
The National Association of Residential Property Managers (NARPM) Website
The NARPM website (www.narpm.org) is a comprehensive resource hub for residential property management professionals. As the premier association for real estate professionals specializing in single-family and small residential property management, NARPM offers a wealth of valuable content and tools:
- Educational Resources: NARPM provides an effective, professional learning environment for property management company owners and their employees. The website offers information on various educational programs, certifications, and training opportunities to enhance your skills and knowledge.
- Exclusive Member Content: NARPM members gain access to a members-only section of the website, which contains additional resources and publications not available to the general public. This includes the “Residential Resource,” a valuable industry publication.
- Networking Opportunities: The website provides information on NARPM events, conferences, and local chapters, allowing property managers to connect with peers and industry leaders.
- Industry Standards and Ethics: NARPM promotes high standards of business ethics, professionalism, and fair housing practices. The website offers guidance on these important aspects of property management.
- Legislative Updates: NARPM advocates for the interests of property managers at the national level. The website keeps members informed about relevant legislative and regulatory developments affecting the industry.
- Career Resources: The NARPM website includes a career center, providing job listings and career information for those looking to advance in the property management field.
- Find a Property Manager Tool: For property owners, the website offers a search function to find NARPM-certified property managers in their area.
Professional Associations
Joining professional property management associations provides networking opportunities, educational resources, and industry advocacy. Key associations include:
- National Association of Residential Property Managers (NARPM)
- Institute of Real Estate Management (IREM)
- National Apartment Association (NAA)
Membership often includes access to training, certifications, conferences, and exclusive resources.
Legal Resources
Property managers need to stay informed about landlord-tenant laws, fair housing regulations, and other legal issues. Helpful legal resources include:
- Nolo.com landlord-tenant law section
- State-specific landlord associations
- Local real estate attorney referrals
Having reliable legal resources is crucial for compliance and risk management.
Marketing Tools
Effective marketing is key for filling vacancies quickly. Useful marketing resources include:
- Listing syndication services (e.g. Apartments.com, Zillow)
- Social media management tools
- Virtual tour software
- Professional photography services
The right marketing tools can help showcase properties and attract quality tenants.
Continuing Education
Ongoing learning is important in the ever-changing property management field. Education resources to consider:
- Online courses through NARPM, IREM, etc.
- Local real estate schools
- Property management conferences and seminars
- Industry webinars
Continuing education helps property managers stay sharp and advance their careers.By leveraging these diverse resources, property managers can enhance their skills, streamline operations, and provide better service to both property owners and tenants. What are your go-to property management resources? Let us know in the comments!