Read this CARNM Commercial Source article by CARNM Member Virginia Gonzales CREM featured in the Albuquerque Journal’s HomeStyle Magazine.
Qualified professionals needed to maintain and increase value of investments.
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By: Virginia Gonzales of Commercial Real Estate Management (HomeStyle Magazine by The Albuquerque Journal)
An article written by Phillip Moeller for US News & World Report on September 10, 2012, reported on the “kinds of jobs [that] will be most plentiful over the next eight years until 2020. The U.S. Bureau of Labor Statistics (BLS) projects that positions in healthcare, social assistance, construction, professional and business services will represent more than half of the 20.5 million new jobs it expects to be created by 2020.”
We are right in the middle of the eight years noted in the U.S. News article that was quoted. The commercial property management professional and business sector is an area in high demand. There is great need for driven business professionals seeking a career in asset management. The position of property manager, assistant property manager, and facility maintenance coordinator are specific positions that require unique individuals with well-rounded skills: accounting, conflict resolution, administrative, managerial, organizational and computer skills, to name a few.
With commercial construction at an all-time high, the need for qualified professionals is essential. Asset managers are the key to maintaining and increasing the value of the investment. However, not every asset manager is educated, skilled, and knowledgeable enough to serve a landlord’s investment portfolio to the maximum potential they deserve. The phrase “Jack of all trades, master of none” truly fits this career field. As licensed real estate brokers, your asset managers, and their support staff, must be a highly skilled and knowledgeable group of people.
These educated professionals are found through the Institute of RealEstate Management (IREM). TheInstitute is under the organizational umbrella of the Commercial Association of REALTORS®. IREM “is an international community of real estate managers dedicated to ethical business practices, maximizing the value of investment real estate, and promoting superior management through education and information sharing” (www.irem.org).
In addition to IREM’s core values and vision, they offer a variety of membership and educational opportunities: Certified Property Manager (CPM), Accredited Residential Manager (ARM), Accredited Commercial Manager(ACoM) and Accredited ManagementOrganization (AMO). As an active member of the local New Mexico IREMChapter 46, I have benefited greatly through my participation via education, networking, and scholarships at the lo-cal and national level.
As projected by the business and economic analysts, we are looking forward to a robust asset management market. Real property has always been a great long-term investment, so it stands to reason that asset/property managers are, and will be, in high demand for years to come.
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