Certified Property Manager ® (CPM®)
The especially important matter for the Polish IREM Chapter is the CPM - Certified Property Manager title. It is held by quite a large and still increasing number of property managers over the world. Being CPM brings prestige and is an additional asset on the property management market, that is why requirements for a candidate to get the title are so hard to fulfill - he or she not only needs the theoretical knowledge, which is provided on the courses organized by IREM Poland, but it is also very important that he or she has a long-term practical experience in property management. The topics and range of courses are wide and change along with the changing market conditions. The courses are often taught by members of the IREM US and provide an unique chance of getting some knowledge about the American property management market and about the solutions used behind the ocean.
It is also worth mentioning that one of the reasons of founding the CPM title (which took place in 1938) was the necessity of creating high professional standards in property management. Thanks to wide knowledge and long-term experience CPM can maximally use and extend the property’s profitability potential.
Last, but not least, thing to be mentioned as a good reason for making an effort to obtain the CPM title is the increasing number of property owners who pay attention to and appreciate this prestigious title.
Certified Property Manager is able to:
- guarantee a long-term experience in the property management domain [ expand ]
Considerable experience, one of the two main requirements of CPM holders, means that candidates for this title need to have at least 3 years of professional experience in the field of property management. In fact, on average, a CPM has 21 years of experience in the property management business. The second main requirement is to take part and successfully finish the courses, although this is not the only source of education available to potential CPMs. CPMs have an access to the up-to-date information and news about property management from expert publications, conferences and IREM’s website.
At present CPMs manage the assets of the value over 834 billion USD including 9,9 million properties and 580 million square meters of commercial properties’ surface. - guarantee the interpersonal communication skills [ expand ]
Every CPM is an experienced manager skilled in interpersonal communication. After all, the ability of professional property management means also the cooperation with different kinds of people. He or she can act competently in many situations varying from everyday contact with property owners or residents to the official meetings with a condominium’s board, when he or she needs to present the balance sheet of the property.
- clearly define the goals and pursue them [ expand ]
The CPM is doing much more than simply maintaining the property - our courses teach him or her how to manage the property as a long-term investment. No matter if the contract between the CPM and the owner is short- or long-term, the certified manager will always analyze the financial potential of the property and will help the owners reach their goals.
- become and stay successful in the market competition [ expand ]
No matter whether the properties are situated in one city or in different parts of the world, thanks to his or her experience and knowledge CPM is able to develop attractiveness of every property. CPM familiarizes himself with market trends in the area he manages on thanks to the knowledge provided and shared by 8800 other CPMs all over the world.
- find the best solutions for complicated problems [ expand ]
The highly qualified CPM can solve complex problems and overcome unexpected impediments to reach the goals of the property owner - he or she can understand the source and mechanisms of the problem and suggest effective solutions. It does not matter at what stage the CPM is brought in to resolve the problem - he or she is able to overcome the crisis fast and efficiently. Thanks to his or her experience and constantly updated knowledge, the CPM will always come up with the best solution which will allow the property to function normally.
- manage different types of operations [ expand ]
CPM is a versatile specialist. Person holding this title is trained to be competent in the fields of finances, administration, law, social policy, economy and many other ‘down-to-earth’ matters such important in the everyday property management. Most of CPMs manage the wide range of property types including office blocks, shopping centres, apartment blocks, condominiums, public properties and industrial complexes.
- uphold the highest ethical standards [ expand ]
Of course, for those who entrust CPM's with the responsible task of managing their property, not only the skills of the manager, but also his fairness is extremely important. CPM's have to act in accordance with the rules of the Institute’s Code of Professional Ethics, which applies to all of IREM members. To follow them means to carefully and attentively manage the client’s property. Breaking the rules of the code results in expelling the person from the Institute and depriving him or her of the CPM title. The trust between every CPM and his client is a priority for our organization.