With multifamily buildings, who is in charge of the property and how well those people are trained are critically important factors in the successful operation of the community. Board members are a part of this management class, which is often shepherded by a competent property manager. But all property managers are not equal in their abilities and knowledge, and the smarter ones try to bridge the gap.
The best property managers stay current in their industry by keeping abreast of new developments in building technology, administration and communication. While networking with other professionals is a way to stay up to date and reading industry publications like The Cooperatoralso helps, few things are better for a manager’s professional development than taking continuing education courses.
Opportunities abound, since there are many classes and enrichment programs available to New York City’s property management professionals, who are not required to have a license. New York does not have its own licensing program for property managers. These programs not only help improve one’s professional skills, but they also can help advance careers. And maintaining certain professional accreditation with industry associations also necessitates taking such classes.
Among the organizations in New York City that offer courses for property managers, board members and others who want to know more about best practices of property management can reach out to the New York Association of Realty Managers (NYARM), the Institute of Real Estate Management (IREM), and the Federation of New York Housing Cooperatives and Condominiums (FNYHC).
NYARM serves multifamily building managers who are employed or experienced in the property management field through its property management school. The organization is not a trade school, teaching entry-level property management to individuals looking to become employed in the industry, but it does offer a property management certification known as the New York Accredited Realty Manager (nyarm) which is recognized by the city and state.