The core area of IREM CPM focuses on real estate management. This includes managing the finances and operations of a property, ensuring the proper building and maintenance standards are met, and collecting rent. Students will also learn about the legal issues related to leasing and property maintenance. After earning a certificate you’ll be eligible to take the exam for the Certified Property Management Specialist (CPMS) designation.
The next area of focus for IREM CPM is commercial property management, including finance, business operations, tenant relations and land development. The class will cover topics such as leasing, building management, property tax, tenant relations, and more.
A third area of focus for IREM CPM includes government relations and government oversight. The class will cover such topics as zoning regulations, permitting requirements, government contracts, and more. Students will also learn about legalities and business issues associated with managing and maintaining a commercial property.
The fourth area of focus for IREM CPM covers construction management and maintenance. Students will learn about project management and materials management. Students will also learn about budgeting, hiring, training and supervision, and property maintenance. The class will also cover environmental laws, design and planning, building codes, and more.
The fifth area of focus for IREM CPM involves legal aspects of property management and is focused on the lease option. The class covers such topics as property maintenance, tenant relations, and property taxes.
The final area of focus for IREM CPM involves financial management. The classes cover topics such as leasing, budgeting, and business operations. As students move up the ladder in the IREM CPM ranks they can pursue other certifications, such as the Certified Commercial Leasing Manager (CLM), which allows students to lease, buy and manage commercial real estate.
With all of the different areas of focus for IREM CPM students will also learn about the basics and the nuts and bolts of running a business. All courses are offered at a highly accredited university in the state of Texas. There are many online classes as well.
The coursework for each area of focus for IREM CPM is designed around a theme. Students will learn how to develop budgets, hire staff, and maintain the office space. The class will cover topics like business operations, management, finance, tenant relations, and taxes. There is a great deal of work involved with managing and operating a large business.
If students are ready to enter the business world and achieve their goal of owning a large building they should definitely consider taking an IREM CPM course. class.
There are several advantages to owning and managing rental properties. For one students will experience the joy of owning a piece of property they can be their own boss, control their finances, lease their own space, and take full ownership of the building.
The only disadvantage of renting is that some landlords charge high fees for the space. Renters may want to rent out their property for a lower fee in order to pay for other expenses.
There is no question that IREM CPM certification is an excellent training method for those who would like to become commercial real estate managers. For those who are interested in working in this field they can work towards becoming an IREM CPM for several years.