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 association manager. But all managers are not equal in their abilities and knowledge, and the smarter ones try to bridge the gap.
The best association 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 Nevada Cooperator also 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 association management professionals. These programs are not only an industry requirement for some, they also help improve one’s professional skills. Maintaining certain professional accreditation with industry associations such as the Community Associations Institute (CAI) also necessitates taking such classes.
While some states do not require managers of community associations be licensed, according to CAI, to professionals like Jaclyn Olszewski, the education coordinator for the New Jersey Apartment Association (NJAA), continuing education is essential to both competency and career advancement. “With an industry that's constantly evolving and changing, designation is just a great way to provide the managers with more knowledge and tools to help them make decisions on a daily basis at the properties,” Olszewski says.
Association managers must wear many hats in their jobs, and this means having a strong understanding of the different facets the position entails. “The marketplace needs are always changing, so in order for managers to really stay on top of changes, they really need to keep up educationally,” says Sharon Peters, public relations manager of the Institute of Real Estate Management (IREM), a national organization headquartered in Chicago.
“The requirements and duties that they had 20 years ago have evolved. A lot of them are getting into asset management in addition to being responsible for bricks and mortar. If they really want to up their mobility in a career, then we encourage all of our members [to take classes]. Because things are changing, and if you want to succeed you really need to pursue lifelong education,” Peters says.
IREM provides education to those in association management with two designations—Accredited Residential Manager and Certified Association manager. The CPM designation requires more time and is more focused on property and asset management. Asset management looks at the operational management and the income side of the property, determining how to get the highest return. IREM offers a wide array of courses to help association managers get up to speed with these ever-growing responsibilities, including classes in marketing and leasing, finances, asset management, human resources, real estate management law, maintenance, operation and risk management, according to Lynne Magnavite, senior director of education at IREM.
And IREM courses on topics like “How To Prepare For A Disaster,” have timeliness and relevance to regions at-risk for debilitating winter storms, flooding, and other crises. Regardless of their topic, these courses provide a much-needed service. The classes are each eight hours in length and either run over a two or four day period, and are available all throughout the year. The average IREM member rate per class is $599, while the average non-member rate is $745.
CAI offers both traditional classroom setting courses, as well as online options. In order to retain designations such as a Professional Community Association Manager (PCAM), managers must complete 12 hours of continuing education yearly and get go through re-designation every three years.
Those who are interested in seminars but with little free time in their schedule can sign up for various webinars. CAI offers multiple live and on-demand webinars with presentations such as Watch Out! Crime Prevention Done Right, Beat the Clock: Marathon Meetings No More, Best Practices for Worst Cases: Emergency Planning and Recovery, and Culture Club: Diversity in Association Management, among others. Webinars are $69 for CAI members and $99 for non-members. They provide one credit hour towards Certified Manager of Community Associations re-certification, Association Management Specialist re-designation and CAM re-designation.
Experts often say the single most important characteristic of a good manager is people skills—a trait that is considered by many to be an innate characteristic, but which can be learned. CAI addresses the need for association managers to learn how to keep the lines of communication open with their associated and keep cool in heated situations by providing multiple courses offering lessons on improving customer service skills such as M-202: Association Communications, which provides managers with the necessary tools to identify and respond to owner needs, address complaints and diffuse anger and managing public relations.
More Than Just a Credential
Regardless of whether an association manager needs certification to satisfy a requirement of employment, the skills he or she will gain through continuing education in the field will be tested in their day-to-day working life. Understanding financial documents, or how to better expedite emergency evacuation of the building during a crisis such as a flood, for example, will come in handy not only for the employee but also for the board, management company and all of the residents who will benefit from the manager having a more detailed understanding of building issues.
Larger management companies also offer their own in-house instruction or greatly encourage their association managers take continuing education courses. Some companies will pay for the certification or continuing education of an employee; others won’t. Whether or not the company requires the coursework, board members should recognize the importance of an association manager being certified and knowledgeable in his profession. Some larger management companies require employees to get a Certified Association manager (CPM) accreditation. “The biggest benefit to it is the credibility – to not only the individual but the company as well,” Olszewski says.
Although a board member’s desire to know about how to efficiently run his or her community may be laudable, it’s no excuse for the community’s association manager to not be on top the latest developments in the field. In fact, some say, the association manager has a greater responsibility to know how to best manage the building. “Owners and investors over the years have looked to association managers to perform more and more functions,” Peters says. “Now owners and investors are looking to association managers for enhanced value of the property. You can even think if this trend continues association managers will essentially be the CEO’s of the properties they manage.”
Jonathan Barnes is a freelance writer and a regular contributor to the New Jersey Cooperator and other publications. Editorial Assistant Enjolie Esteve contributed to this article.
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