Managing Residential Properties (RES201)
Comprehensive residential property management education. Qualifies as an IREM® key competency certification course.
Learn residential property management essentials with this comprehensive course offered by IREM (Institute for Real Estate Management®).
This residential property management course covers operations, finance, leasing, and human resources, giving you the expertise needed to maximize property performance, boost occupancy rates, and enhance your professional reputation in the competitive property management industry.
What you'll learn:
- Excel in property management strategy. Understand the key components of how to manage residential properties effectively, including property operations, management companies, ownership structures, and investor objectives. Learn how to align management strategies with ownership goals to maximize profitability and asset value.
- Build and lead high-performing teams. Develop expertise in hiring, training, and retaining top property management talent. Master employment laws, team dynamics, productivity strategies, and intergenerational communication to foster a collaborative and efficient workplace.
- Master financial management. Gain critical skills in budgeting, accounting, cash flow management, financial reporting, and capital expenditures to optimize property revenue and profitability. Learn how to analyze financial performance and drive asset value.
- Operational excellence and risk management. Learn how to develop maintenance plans, implement risk management strategies, and enhance property sustainability. Discover best practices for property inspections, contractor management, and compliance with safety regulations.
- Marketing, leasing, and resident retention. Understand how to target the right markets, analyze competitors, implement innovative marketing strategies, and leverage social media to attract and retain residents. Learn the leasing process, legal considerations, and best practices for occupancy optimization.
- Learn effective leadership skills. Develop leadership skills critical to real estate management career growth, including task prioritization and operational efficiency to ensure seamless property management.
Who should take this course?
This course is ideal for anyone interested in professional development for property management. Whether you’re a property manager, leasing professional, real estate investor, real estate professional, or developer, this course will equip you with the expertise to stand out and thrive in residential property management.
Why take this course?
- Get a competitive advantage. Gain the expertise to stand out in a crowded job market and advance your career.
- Industry-relevant experience. Get the most up-to-date strategies and insights in residential property management.
- Advance your career with IREM certification. This course is one of the qualifying key competency certification courses on the path to earning IREM’s prestigious Accredited Residential Manager® (ARM®) certification, giving you a prestigious competitive edge in the industry.
Course details
This course is offered at select classroom locations or available as self-paced and online.IREM members’ price: $699
Nonmembers’ price: $859
Make it more affordable: Apply to become an IREM Associate member
As an Associate member, you'll get preferred pricing on IREM certification course and other education offerings, access to the IREM networking base for property managers, scholarships available through the IREM Foundation, and discounted pricing on IREM events like PropertyCon.
Your first step on the IREM certification path
This is a key competency course on the pathway to IREM’s ARM certification. This path provides a structured approach to your career advancement by combining a key competency course, an ethics course, and a final exam.
Completing the pathway gives you the skills, knowledge, recognition, and the network needed to elevate your property management career.
Take the next step on the path to an ARM: Take an Ethics course.
Top benefits of ARM certification:
On average, ARMs earn an average base compensation of $92,500.(1) Since 1995, the base salary for ARMs has increased by 200%.(1)
Demonstrate your command of fundamentals in residential property management.
Get the next promotion. 92% of ARMs have supervisory responsibilities and manage a median of six employees.(1)
Elevate the profession. ARMs adhere to IREM’s Code of Professional Ethics to establish and maintain public confidence in the honesty, integrity, professionalism, and ability of the professional real estate manage.
(1) IREM Profile and Compensation Study 2024 - ARM
About IREM
For more than 90 years, our members have made us the world’s strongest voice for all things real estate management. Almost 20,000 leaders in commercial and residential management call this home for education, support and networking. Our CPM®, ARM®, ACoM®, and AMO® certifications are internationally recognized symbols of ethical leadership and a well-managed property. And our tools deliver decades of on-the-job know-how to help members get even better at what they do. Put simply – IREM and its members are here to elevate the profession. If you know real estate management, come get to know us. irem.org
