If you trust your property manager, you’re set. You know that he will take care of your property, so it retains it’s value. You know you’ll have tenants paying you, and those tenants are good people. You know you can access your account at any time to check on your investment. But how do you know if you can trust your property manager?
Choose a member of NARPM®
The answer is easy. Choose someone who is a member of NARPM® (the National Association of Residential Property Managers).
A NARPM® member stands apart from other property managers and landlords, because to earn a NARPM® designation, a property manager has to pass rigorous requirements. They have all the things you want: training, experience, recommendations, community responsibility, and continuing education. They must continue to accrue requirements in order to move up the NARPM® ladder to become fully certified.
Some of the things NARPM® property managers have are:
Knowledge of pending legislation that could affect your investment.
Knowledge of rent values and vacancy factors for your area.
Expertise in creating rental applications, with consistent tenant screening policies to meet legal obligations.
Expertise in performing thorough move-in and move-out property evaluations.
Relationships with reputable painters, electricians, roofers, chimney cleaners, carpenters, landscapers, furnace and appliance repairmen, and other maintenance professionals. (We call them vendors.)
Effective negotiation techniques with tenants, so they can handle difficult issues and enforce rental agreements.
The ability to recover NSF checks, evict tenants, and collect bad debts.
All County® Colorado Springs is a member of NARPM®
All County® Colorado Springs has 20 years serving the Pikes Peak region. Our president has the highest designation a property manager can reach, the MPM®. (Master Property Manager), which takes years and experience to earn. Here is a list of our employees with NARPM® designations.
All County® Colorado Springs takes property management seriously. We study and enforce the standards of professionalism expected in our field. Here are the property management standards of professionalism that we take an oath to follow. The 1st article of the property management standards of professionalism addresses the property manager’s responsibility to protect the public. It says, “The Property Manager shall protect the public against fraud, misrepresentation, and unethical practices in property management.” You can read more about our story here: https://allcountycs.com/about-us/our-story/.
Property Manager’s Responsibility to Protect the Public
The National Association of Residential Property Managers (“NARPM®”) promotes a high standard of business ethics, professionalism, and fair housing practices. All property managers who are members of NARPM® must abide by the following Code of Ethics and Standards of Professionalism (the “Code”). You can read more here: https://www.narpm.org/code-of-ethics/
The Property Manager:
Shall endeavor to eliminate, through the normal course of business, any practices that could be damaging to the public or discredit the profession.
Shall cooperate with the governmental agency charged with regulating the practices of Property Managers.
Shall comply with all relevant local and state ordinances regarding real estate law, licensing, insurance, and banking.
Shall comply with all federal and state antitrust laws and shall follow the NARPM® Antitrust Policy and any related procedures.
Shall not reveal confidential information of Clients, Tenants or others except as required in the course of performing their duties or as otherwise required by law. The Property Manager shall take all reasonable precautions to protect confidential information.
Shall use reasonable efforts to ensure that information on their website, or that of his or her Firm, is current and accurate. If it becomes apparent that information on the website is not current or accurate, then the Property Manager shall promptly take corrective action.
Shall make sure their website does not contain any deceptive metatags or other devices/methods to direct, drive, or divert Internet traffic in a deceptive manner or to otherwise mislead users. The website shall not manipulate listing content in any deceptive or misleading way.
Shall disclose all details on the availability of rental properties to prospective parties on a regular and timely basis.
Shall make every effort to not exaggerate, misrepresent, misinform, or conceal pertinent facts in the advertising, leasing, and management of property.
Shall make reasonable attempts to remove from the Internet listings for rentals that are no longer available.
Following the Property Manager’s Responsibility to Protect the Public is one way we protect those we serve. If you are in need of a property manager, call All County® today! (719) 445-7172
We’ll make sure you have responsible property management.