Why Landlords and Investors Should Use a NARPM Member Property Manager

Why Landlords and Investors Should Use a NARPM Member Property Manager

Property Manager · Orlando, FL · Member since 2024 · 49 posts · 28 votes

Being a landlord comes with various challenges and responsibilities. To manage properties effectively, ensure tenant satisfaction, maintain the property, and handle legal matters, hiring a property manager who is a member of the National Association of Residential Property Managers (NARPM) is an excellent choice. Here’s why:

Professionalism and Expertise

NARPM members adhere to strict ethical and professional standards. They undergo regular training and stay updated with industry trends, laws, and best practices, ensuring high-quality service.

Access to Resources

NARPM provides its members with educational programs, legal updates, and networking opportunities, enabling property managers to handle any situation effectively and offer informed advice.

Efficient Tenant Management

NARPM property managers excel in tenant relations, from screening and lease agreements to conflict resolution and evictions, ensuring stable rental income and minimized vacancies.

Legal Compliance

NARPM property managers are knowledgeable about landlord-tenant laws and regulations, ensuring compliance and protecting you from legal issues.

Maintenance and Repairs

NARPM managers have reliable contractor relationships, ensuring timely and cost-effective maintenance and repairs, along with regular property inspections.

Time and Stress Management

By hiring a NARPM member, you delegate daily management tasks to a professional, saving time and reducing stress.

Financial Management

NARPM property managers handle rent collection, accounting, and financial reporting, providing detailed and accurate financial statements for informed decision-making.

Marketing and Leasing Expertise

NARPM managers use proven marketing techniques and platforms to attract and retain tenants, ensuring quick rentals at optimal rates.

Conclusion

Choosing a property manager is crucial for any landlord. A NARPM member property manager ensures your property is managed by a qualified, ethical, and professional expert, maximizing your investment return while minimizing management hassles and risks. Whether you own one rental property or many, a NARPM member provides the peace of mind and professional management you need.

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Michael SmytheBusiness Member
Real Estate Agent · Metro Detroit · Member since 2023 · 4k+ posts · 3k+ votes
2y

But, it costs money to hire a professional!

Isn't it much cheaper to roll the dice and risk being ripped off to save pennies?

<this is a parody reply>

Logical Property Management4.9455 Reviews
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  • Michael SmytheBusiness Member
    Real Estate Agent · Metro Detroit · Member since 2023 · 4k+ posts · 3k+ votes
    2y

    But, it costs money to hire a professional!

    Isn't it much cheaper to roll the dice and risk being ripped off to save pennies?

    <this is a parody reply>

    Logical Property Management4.9455 Reviews
  • Property Manager · Orlando, FL · Member since 2024 · 49 posts · 28 votes
    2y
    Quote from @Michael Smythe:

    But, it costs money to hire a professional!

    Isn't it much cheaper to roll the dice and risk being ripped off to save pennies?

     I always say “If you think it’s expensive to hire a professional, wait until you hire an amateur.” & “See you in six months” 😂

  • Larry TracyBusiness Member
    Property Manager · Indianapolis, IN · Member since 2015 · 6 posts · 3 votes
    2y

    Alex

    Choosing a property manager is essential to the success of an investor. NARPM is an excellent organization that ensures property managers meet professional and ethical standards to be a member. Property Managers that are a member of NARPM receive extensive training and guidance. This enables them to provide investors with the property management services necessary to make them successful and profitable. I have been a NARPM member for over 12yrs.

  • Developer · New York City, NY · Member since 2015 · 812 posts · 718 votes
    2y

    It's fine for training and networking, but, you will most likely not receive many clients from it.  Potential clients do not know of NARPM; and their site is geared towards building membership, not necessarily referring potential clients to it's members.  I've been developing and managing our buildings since the late 70s.  I've only heard about NARPM here on BP; which isn't saying a lot.

  • Homeowner · Member since 2023 · 23 posts · 10 votes
    2y
    Quote from @Calvin Thomas:

      I've only heard about NARPM here on BP; which isn't saying a lot.


    Ah, but there are some of us on BP who are real estate investors/owners, and who are interested in finding good property management options.  I'm one, and I just hugely expanded my prospects to consider, so I guess some of us "self-refer."

  • Property Manager · Orlando, FL · Member since 2024 · 49 posts · 28 votes
    2y
    Quote from @Calvin Thomas:

    It's fine for training and networking, but, you will most likely not receive many clients from it.  Potential clients do not know of NARPM; and their site is geared towards building membership, not necessarily referring potential clients to its members.  I've been developing and managing our buildings since the late 70s.  I've only heard about NARPM here on BP; which isn't saying a lot.

    I agree that NARPM might not be the primary avenue for growing your business through referrals. However, its true value lies in education, ethical standards, and networking. For investors, this value is significant. The growth that comes from the knowledge gained through classes, conferences, and networking with industry professionals is far more beneficial than occasional referrals. Although consumer recognition has historically been lacking, it is encouraging to see that they are finally making good progress in this area.Thanks for feedback Calvin, your points are valid. 
  • Property Manager · Orlando, FL · Member since 2024 · 49 posts · 28 votes
    2y
    Quote from @Alinda Saffell:
    Quote from @Calvin Thomas:

      I've only heard about NARPM here on BP; which isn't saying a lot.


    Ah, but there are some of us on BP who are real estate investors/owners, and who are interested in finding good property management options.  I'm one, and I just hugely expanded my prospects to consider, so I guess some of us "self-refer."


    Yes, while I may not receive many referrals directly from NARPM members (though I have gotten some over the years through the relationships I’ve built), I do get contacted by investor owners through the NARPM website quite frequently. Although NARPM may not be widely known, it still carries significant weight. Many owners use it as a resource once they start their search and come across the NARPM website. Nine times out of ten, the managers listed there have a higher level of expertise and service.
  • Peter TverdovBusiness Member
    Developer · New Brunswick, NJ · Member since 2015 · 1k+ posts · 2k+ votes
    2y
    Quote from @Calvin Thomas:

    It's fine for training and networking, but, you will most likely not receive many clients from it.  Potential clients do not know of NARPM; and their site is geared towards building membership, not necessarily referring potential clients to it's members.  I've been developing and managing our buildings since the late 70s.  I've only heard about NARPM here on BP; which isn't saying a lot.


     NARPM is geared towards residential PM not apartment buildings. That's IREM. 

  • Developer · New York City, NY · Member since 2015 · 812 posts · 718 votes
    2y
    Quote from @Peter Tverdov:
    Quote from @Calvin Thomas:

    It's fine for training and networking, but, you will most likely not receive many clients from it.  Potential clients do not know of NARPM; and their site is geared towards building membership, not necessarily referring potential clients to it's members.  I've been developing and managing our buildings since the late 70s.  I've only heard about NARPM here on BP; which isn't saying a lot.


     NARPM is geared towards residential PM not apartment buildings. That's IREM. 

    Not necessarily chief.  "managing single-family and small residential properties"; from their website. But, regardless, it does little to assist with bring in clients. I am sure, for networking and education, it has it's place. But, nothing one really cannot obtain for free or at a lesser cost.
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