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This question is about property manager certifications.

What is a CPM certification?

By Zippia Team - Dec. 9, 2022

A Certified Property Manager (CPM) is a certification in property management that proves that an individual has skills in property management, advanced financial and asset management, and marketing and leasing strategies for investment properties.

The CPM certification is administered by the Institute of Real Estate Management (IREM). It is a certification that requires 12 to 18 months of eight different CPM certification courses. You can register online, where you will pay a one-time enrollment fee.

The average total cost for all tuition, fees, and dues is estimated to be between $7,500 to $8,500.

By the time of graduation, you must have accumulated 36 months of qualifying real estate management experience.

The eight different CPM certification courses are:

  • Ethics for the Real Estate Manager( ETH800)

  • Budgeting, Cash Flow, and Reporting for Investment Real Estate (FIN402)

  • Marketing and Leasing Strategies for Investment Properties (MKL410)

  • Leading a Winning Property Management Team (HRS402)

  • Managing Maintenance Operations and Property Risk (MNT402)

  • Financing and Loan Analysis for Investment Real Estate (ASM603)

  • Performance and Valuation of Investment Real Estate (ASM604)

  • Asset Analysis of Investment Real Estate (ASM605)

Here are some benefits of obtaining the CPM certification:

  • You have the opportunity to earn more money. The average property manager's salary in the U.S. is $48,340 per year. For CPMs, the average is $118,383 per year.

  • Over half of CPMs hold senior-level management positions.

  • Your annual IREM membership and all the benefits that come with it are included when you enroll.

  • Highlight your credibility with a digital badge to add to your email, social media profiles, website, and more.

When you obtain your CPM you also have the chance to expand your network, generate business referrals, meet future employees or employers, and consult with other experts.

This certification is great for property managers and others that work in the field of real estate and real estate investment. Those who benefit from enrolling in CPM certification also include:

  • Experienced property managers managing any asset class and those who want to learn how to maximize the value of their properties

  • Professionals who want to add advanced financial and asset management capabilities to their daily operational skills and abilities

  • Professionals seeking knowledge that transcends asset classes and serves their entire portfolio, including commercial, residential, and/or mixed-use.

  • Professionals with the desire to learn how to communicate in the the languages of owners, tenants, residents, and investors

What is a CPM certification?

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