RESIDENTIALResource
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RESIDENTIALResource
p7 Does your company have a written policy for antitrust compliance? Better see to it! p10 Why is there a rift between traditional brokers and property management brokers? p16 Learn how to score your level of performance against goals you have set. RESIDENTIALResource THE OFFICIAL MONTHLY NEWS MAGAZINE OF THE NATIONAL ASSOCIATION OF RESIDENTIAL PROPERTY MANAGERS head? buzzi t a n th r ou g u o r a nd y After a co nfe have amp rence or training e le ideas b uzzing aro vent, a lot of us point whe und our h re it ead, to to be com becomes overwh elming. It’s the placent, b easier u conferenc e or trainin t why did you go to ge went to ge t ideas an vent in the first pla that c d e im ? You is the tim prove you e to revie r b u s in e w yo ss. N oritize the things tha ur notes and begin ow t are mos t importan to prit to you. s e e pa g e 18 • • Wha t ’ s ••••• August 2014 ISSUE | 638 INDEPENDENCE PARKWAY, SUITE 100, CHESAPEAKE, VA 23320 USA | WWW.NARPM.ORG •••• 2013 Official National NARPM Partner 2011 Affiliate of the Year & We’ve Teamed Up With Rent.com To Provide World-Class Solutions! With Rentals.com’s leading web sites and mobile applications coupled with Rent.com’s successful pay-for-performance business model, you’ll have access to the most comprehensive suite of products that deliver cost-effective, high-quality leads and leases. Rent.com will bring another strong brand to Rentals.com’s extensive family of apartment and rental home resources that includes Rentals.com, RentalHouses.com and Apartmentguide.com. Rentals.com, RentalHouses.com and RentList.com are trademarks and/or registered trademarks of PRIMEDIA Inc. Other company and product names may be trademarks of their respective owners. © PRIMEDIA Inc. 2013. All rights reserved. B IG INNOVAT IO N • B I G E X P O S U R E • B I G R E S ULTS IN THIS ISSUE August 2014 T he mi s sio n of t he N at io nal A s s o c i at io n of Re si dent i al Pr o p er t y M anag er s i s to sup p o r t p r of e s sio nal and e t hic al p r ac t ic e s of r ent al ho me manag ement t hr oug h ne t wo r k ing , e du c at io n, and de sig nat io n . FEATURE ARTICLES p7 Are You Complying? Antitrust Laws Jean Storms, MPM® RMP®, owner of Landlord Source, Inc., stresses the importance of making a conscious effort to follow antitrust laws in your business. p10 Traditional Brokers vs. Property Management Brokers: The Rift Between Dan Wilhelm, NARPM® member, explores the levels of commitment in property leasing and property management. Misunderstanding these levels of commitment may be the cause of an apparent growing rift between traditional brokers and property management brokers. p16 Score Yourself: Standards for Excellence Claudia Host, RMP®, provides a simple checklist to score your level of performance against goals you have set for yourself. When you read your internet reviews, are your customers and clients giving you an A, B, C, D or F? p18 Answering the “HOW” Question: Idea Implementation Brad Larsen, RMP® candidate, speaks about having enough honesty to admit that your implementation practices from all of your notes are lacking, might be the first step in conquering the Three Letter Challenge – HOW. p20 Why I Like It: Real Estate Mendell Gosnell, NARPM® member, explains why he thinks real estate provides a myriad of advantages and benefits and offers a wonderful investment strategy for short and long term wealth building. 16 21 20 on the ice Join us at the 2014 national convention 7 10 MONTHLY COLUMNS p5 President’s Message p6 From the Desk of the Executive Director p8 Legislative Scoop p14 Technology Matters p22 Regional Communications p24 Chapter Spotlight p25 Designation Classes p26 Membership Growth p30 Ambassador Program August 2014 Issue | Volume 25 | Number 8 | 3 Officers Editorial Mission Since 1989, the NARPM® news magazine has been a key focal point for the organization. The Residential Resource keeps members up-to-date on association events, and provides valuable industry advice and insight. NARPM® members receive the Residential Resource as part of their membership, included in their annual dues. The Residential Resource is published monthly, with one combined issue for October/ November. Articles can be submitted by email to publications@narpm.org. Items mailed in for publication cannot be returned. Address changes may be forwarded to NARPM® National. The Communications Chair and Graphic Designer reserve the right to edit or refuse all publications for content and selection. Copyright © 2014 National Association of Residential Property Managers. All rights reserved. Materials may not be reproduced or translated without written permission. Email publications@ narpm.org for reprint permission. Statements of fact and opinion are the responsibility of the authors alone and do not imply an opinion on the part of the officers, staff or members of NARPM®. Any legal matters or advice mentioned herein should be discussed with an attorney, accountant or other professional before use in a particular state or situation. NARPM® does not endorse any advertisement in this publication. All readers are responsible for their own investigation and use of the products advertised. The Residential Resource is designed for the members of the National Association of Residential Property Managers by Organization Management Group, Inc. in Chesapeake, Virginia. (www.managegroup.com) NARPM® National 638 Independence Parkway, Suite 100 Chesapeake, VA 23320 P: 800-782-3452 F: 866-466-2776 www.narpm.org An award-winning publication, the Residential Resource has won a 2009 & 2007 APEX Award of Excellence, a 2006 Gold MarCom Creative Award, and a 2006 Communicator Award of Distinction for Print Media. 4 | August 2014 Issue | Volume 25 | Number 8 Stephen D. Foster, MPM RMP CCIM® President president@narpm.org 210-340-1717 ® ® Andrew Propst, MPM® RMP® CPM® President-Elect presidentelect@narpm.org 208-377-3227 John R. Bradford, III, MPM® RMP® Treasurer treasurer@narpm.org 704-334-2626 James Emory Tungsvik, MPM® RMP® Past President pastpresident@narpm.org 253-852-3000 Regional Vice Presidents Leeann Ghiglione, MPM® RMP® northwestrvp@narpm.org 206-286-1100 Richard Vierra, RMP® pacificrvp@narpm.org 808-293-6436 Steve Schultz, RMP® southwestrvp@narpm.org 520-780-7888 Deb Newell, MPM® RMP® northeastrvp@narpm.org / northcentralrvp@narpm.org 952-808-9700 Bart Sturzl, MPM® RMP® southcentralrvp@narpm.org 512-693-4772 Traci Lewis VanCamp, MPM® RMP® southeastrvp@narpm.org 757-641-1567 Committee Chairs Tracey Norris, MPM® RMP® Communications communicationschair@narpm.org 830-625-8065 Chrysztyna Rowek Perry, MPM® RMP® Professional Development profdevelopmentchair@narpm.org 360-698-3829 Kellie Tollifson, MPM® RMP® Member Services memberserviceschair@narpm.org 425-485-1800 Heidi Hartman, MPM® RMP® Governmental Affairs govtaffairschair@narpm.org 360-535-8104 John R. Bradford, III, MPM® RMP® Finance treasurer@narpm.org 704-334-2626 James Emory Tungsvik, MPM® RMP® Nominating pastpresident@narpm.org 253-852-3000 NARPM® National Gail S. Phillips, CAE Executive Director executivedirector@narpm.org Dana R. Holben Professional Development Manager profdevelopmentmgr@narpm.org Tiffany Jones Member Services Manager msmanager@narpm.org Patricia Hartline Communications, Graphic Designer publications@narpm.org Cathy Spruiell Member and Chapter Support chaptersupport@narpm.org Carla Earnest, CMP Conferences & Conventions Coordinator conventioninfo@narpm.org Andrew Sinclair Governmental Affairs Director legislativeinfo@narpm.org Lisa Nixon Advertising Sales Rep (Print/Electronic Media) advertising@narpm.org President’s Message “ My days begin like any other property manager’s days, but each day seems to have a sliver of NARPM® in it. Some days, NARPM® occupies all of it. ” Howdy, NARPM® Members! What is it like to be the NARPM® National President? My days begin like any other property manager’s days, but each day seems to have a sliver of NARPM® in it. Some days, NARPM® occupies all of it. As I write this, I am waiting to join one of the committee calls, where I listen in and participate, if needed. This one is for the Convention Committee and it is all about the upcoming event in Minneapolis. Just a reminder to register for this year’s Convention. It is going to be great! Following is a list of the various conference calls and meetings that I provide in the President’s Report at each board meeting. It records the meeting or conference calls in which I have participated, and will give you a little look at the slivers I mentioned above. April 23-26Eastern Regional in Baltimore April 28 New Member Webinar April 29Governmental Affairs Conference Call April 30Member Services Conference Call May 7Nomination Committee Conference Call May 9President-Elect/Executive Director Call May 14 Southeast RVP call May 15-18Northwest Regional in Portland May 19Submit the President’s Message for July Residential Resource May 20Austin NARPM® Chapter meeting May 20Visited the South Central RVP office (Northeast RVP call – Missed call) May 21SAMAC (San Antonio Metropolitan Area Chapter)/NARPM® Chapter meeting (South Central RVP call – Missed call) May 21Convention Committee Call May 22Communications Committee Call May 29 Finance Committee Call June 3Dinner with Darren Hunter from Leading Property Managers of Australia, a potential vendor June 5SAMAC/NARPM special presentation by Darren Hunter and Todd Breen June 6President-Elect/Executive Director Call June 11Meet with Kevin Guerin Home Union, a potential vendor June 11Member Services Committee Call June 12Meet with Steve Geri of Diversified Employee Benefit Services, Inc., a NARPM® vendor June 16Spoke with Bob Walters of Leading Property Managers of Australia, a potential vendor June 19-20Met in Atlanta, GA with President-Elect, Treasurer, Regional Vice Presidents (RVPs), andNARPM® staff for our board meeting and to tour the hotel site for the 2015 National Convention. Interspaced within this timeframe, are hundreds of emails between the parties above, plus other chapter members/vendors. Needless to say, it stays interesting. Because of this experience and contact with so many people, I feel that NARPM® is a very solid, well-run organization that benefits tremendously from the dedication of its many volunteers and great national staff. Why do I do this? Because I have discovered that the more I give to NARPM®, the more NARPM® gives to me. Get involved! NARPM®’s Foundation by President Foster A big shout out goes to my staff at Boardwalk Real Property Management, Inc., CRMC®, in San Antonio, Texas. I sincerely want to recognize their tireless efforts, without which, I would not be able to put all of the NARPM® slivers together successfully. I know that the business will run properly, even when NARPM® requires a whole day. Stephen D. Foster, MPM® RMP® 2014 NARPM® President August 2014 Issue | Volume 25 | Number 8 | 5 From the Desk of the Executive Director Gail S. Phillips, CAE It is imperative that NARPM® makes sure all members are aware of antitrust laws and the consequences for violating them. A great deal has been happening around NARPM ® this spring and summer. The Board of Directors just returned from visiting the site of the 2015 Convention and Trade Show, which will be held in Atlanta, GA. The Hyatt Regency Peachtree is an exciting venue in the middle of downtown, surrounded by great restaurants and entertainment. The 2015 President’s Celebration will be held at the Georgia Aquarium, which is the world’s largest with 8 million gallons of fresh and marine water, and more than 100,000 animals, representing 500 species from around the globe. It was fascinating to see all the various species, especially the Beluga Whale and the Dragonfish! The Celebration is indoors so you will not need your night goggles or your bug spray. Just wear comfortable shoes and enjoy the offerings. Are you ready for the National Convention in Minneapolis? I am getting excited to see everyone and to start the event off with a fun event at the Mall of America. If you have never been to this Mall, it is a tremendous experience. If you are a shopper like me, it’s worth noting that there is no sales tax on clothing! Of course, we can’t forget the outstanding education that the Convention Program Subcommittee has put together. The Convention Chair Lynn Sedlack, MPM® RMP®, and Program Subcommittee Chair Duke Dodson, MPM® RMP®, along with a great team of volunteers, vetted many sessions to come up with an outstanding schedule that is tracked for the various attendees. Check it out at http://www.narpm.org/docs/conferences/2014_convention/14regbrochure.pdf. 6 | August 2014 Issue | Volume 25 | Number 8 The Convention microsite is up and running, so check out all the convention details at http:// www.narpmconvention.com/. It is imperative that NARPM® makes sure all members are aware of antitrust laws and the consequences for violating them. The Association will be working to ensure that antitrust policy is current and members are following it. NARPM® will be hiring an antitrust attorney to begin reviewing documents the Association publishes, including the NARPM® Code of Ethics. As you will read in the adjacent article by Jean Storms, MPM® RMP®, it is imperative that your company has established policies that deal with antitrust. Make sure your staff is trained on them. Remember that just training is not enough. You must adhere to the law and be aware of when others around you are having a discussion that should be avoided. If you hear such discussion, bring it to the attention of the other party. If they will not cease, then leave. If you are presented with this situation at a NARPM® event, find a member of the staff, or a National leader, and let them know what happened. Protect yourself and your company from monetary penalties and possible jail time. August is here, which means the last month of vacations for those with school children. Enjoy the closing of a great summer and hope to see you in October! Gail S. Phillips, CAE NARPM® Executive Director Are You Complying? Antitrust Laws Has this ever happened to you? Another property manager approaches you and asks “I’m currently charging 10% for my monthly management fee; what are you charging?” How do you answer? Do you know the dangers of giving them the answer they want to know? I hope that you do, because if you reply with the actual amount of what you charge, you have just violated antitrust laws! There are real estate/property management companies who do not make a conscious effort to follow antitrust laws in their business. Antitrust laws can apply to both business and individuals. Penalties for violating antitrust can range from civil to criminal penalties. An individual violating these laws may be jailed for up to three years and fined up to $350,000 per violation. Corporations can receive fines of up to $10 million per violation. It pays to follow antitrust legislation! Every real estate/property management company should take three definite steps to protect their company from antitrust violations. FIRST – KNOW THE DEFINITION OF ANTITRUST AND GOVERNANCE OF THE ANTITRUST LAWS You cannot understand what you do not know. If you are not sure of the scope of antitrust and the laws governing antitrust, it is time to do some reading. Antitrust laws, also known as competition laws, are legal rules to promote fair competition in the marketplace. Merriam Webster defines antitrust as “protecting against unfair business practices that limit competition or control prices.” They designed antitrust laws to prevent actions that might hurt consumers or unfairly harm other businesses, such as the formation of monopolies, illegal cooperation between competing businesses, and certain mergers between companies. These types of laws are in effect in many countries and even shared between countries in some cases, such as in the European Union. There are several major antitrust laws, beginning with the Sherman Act of 1890, the Clayton Act of 1914, and the Robinson–Patman Act of 1936. These federal laws and many others have shaped antitrust laws in the United States and many states have passed additional antitrust legislation. The Federal Trade Commission, the U.S. Department of Justice, state governments, and private parties who are sufficiently affected may all bring legal action in the courts to enforce the antitrust laws. The most common violation in the property management industry is price-fixing or discussion of fees. It is illegal to discuss specific management fees with other management companies, agents, brokers, etc. You can discuss what “types” of fees you charge a client, but you cannot discuss specific percentages or dollar amounts. You can, of course, discuss with the property owner what you will charge; but steer away from any discussion of your competition. When in doubt, do not discuss what you charge with anyone except your clients! You never know who could be listening. Second – develop a written antitrust policy for your company and train all personnel Set up a company antitrust written policy that complies with the antitrust laws. Add it to your policy and procedures manuals, employee manual, and any other appropriate documentation. Outline the definition of antitrust, reference the major antitrust federal laws, describe what violations can mean to the welfare of the company, and instruct all personnel to be responsible and to follow the company policy on antitrust. Include examples of how severe a legal action against the company can be because of an antitrust violation. Make your written policy clear, concise, and readable. Remember that the courts are not tolerant of ignorance of the law, so incorporate training on antitrust into your company meetings and discussions. Too often brokers/owners overlook that personnel may not have knowledge of certain practices/laws, such as antitrust. Personnel who are unaware of the importance of antitrust legislation as it relates to real estate/property management can be a liability to the company. Third – remain vigilant at all times It’s not enough to learn about antitrust. Set a policy in writing and train personnel. It must be an ongoing process. Keep up with any developing or new legislation, review your written policies when appropriate, and periodically cover antitrust in office meetings and personnel discussions. Antitrust legislation is not only here to stay, but will be constantly monitored and revisited by the courts when there are violations. Comply with it to protect yourself and your company. Jean Storms, MPM® RMP®, is the owner of LandlordSource and the author of all documentation on the LandlordSource site. Working in the real estate and property management industry since 1979, she managed 400+ properties with JSL Real Estate Services, Inc. and Lee Storms Properties. Jean holds an active real estate license in California and has been an active member of NARPM® since 1993. She served from 1995-2000 as a NARPM® National Director and as chairperson for the NARPM® Education, Publications, Long Range, and History Committees. She also served as 1995 President of the NARPM® Sacramento Chapter. Jean was a member of the National Association of REALTORS® (NAR), the California Association of REALTORS® (CAR) and the Sacramento Association or REALTORS® (SAR) from 1979 until 2008. She taught and authored many workshops, seminars, and courses for NARPM® and was a NARPM® National Instructor, authoring two courses, “Applying Technology to Property Management” and “Tenancy.” August 2014 Issue | Volume 25 | Number 8 | 7 Legislative Scoop Keepin g o ur memb er s c u rren t o n t he ne we st ind u st ry l aw s a nd p o l i c ie s n at i o nwide Fair Housing, Disability & Medical Marijuana Steven M. Williams, Esquire, is the Managing Partner of the Harrisburg, Pennsylvania office of Cohen Seglias Pallas Greenhall & Furman, P.C. Steve is the chair of the firm’s Commercial Litigation Group and is also a member of the firm’s Business Practices and Labor & Employment Groups. Steve has been representing landlords in virtually every aspect of their business for more than 22 years, and concentrates his practice in the areas of commercial and civil litigation, real estate, landlord and tenant law, employment law, business and corporate law and construction law. Steve can be reached at (717) 234-5530 or swilliams@cohenseglias. com. At a minimum, landlords should have in place a written policy that dictates how disability accommodation requests will be handled. You were feeling proud of the fact that your property has gone over six months without a resident disturbance complaint in your community. Until. . . On a quiet Thursday afternoon, you receive a complaint from the resident in 4B that there is an odd odor coming from the apartment across the hall. She is hesitant to make unfounded allegations; but she finally confides that she thinks it might be “dope,” because she smelled a lot of it in college and recognizes it. Upon investigation, you learn that your resident in 6B has been smoking marijuana in his apartment. Since you have a zero-tolerance drug policy, you immediately issue an eviction notice to him. In response, you receive a voicemail message that politely informs you that your resident suffers from debilitating migraines and smokes “medical marijuana” to get through the pain. The next day, the tenant drops off a note from his doctor that substantiates his statement. Now what? There are several facts that cannot be disputed. First, the use of marijuana, for any purpose, violates federal law. Second, the use of medical marijuana is legal in many states. Third, many more states are currently considering legalizing medical marijuana. However, in most states, a landlord is entitled to have an absolute no smoking policy. So, what can you do? What is clear is that, if your property is in a state that has not legalized the use of medical marijuana, you have no obligation to allow your tenant to continue to smoke it. It is fairly certain, at least for now, that the Department of Housing and Urban Development (HUD) will not entertain a discrimination claim since the use of marijuana violates federal law. However, you have to be mindful of your state’s discrimination laws, as well. Things get a bit more unclear if you reside in a state where the use of medical marijuana is legal. In such a state, you may have to allow marijuana use as a reasonable accommodation to a disability in order to avoid a claim of discrimination. When you have a tenant who uses medical marijuana in connection with an alleged disability, you 8 | August 2014 Issue | Volume 25 | Number 8 have to engage the same process as you would if the tenant were blind and needed the use of a seeing-eye dog. That is, you need to determine whether the use of medical marijuana is a reasonable accommodation for a disability. Of course, the questions of what constitutes a disability and what constitutes a reasonable accommodation are very difficult ones. Most litigation relating to disability discrimination in housing, centers around these questions. Property managers and onsite personnel should not be left to decide either question. Prudent landlords will involve legal counsel who is familiar with fair housing laws as soon as the issue arises. The legal use of medical marijuana is spreading across the country, and landlords need to be proactive in determining how to handle tenant inquiries about medical marijuana and its use. At a minimum, landlords should have in place a written policy that dictates how disability accommodation requests will be handled. The policy should clearly establish the steps that management must take to substantiate the disability and the need for the requested accommodation. Each of the following questions are vital in the process of substantiating a disability claim and should be posed to, and answered by, the resident’s physician or other professional: • Is the resident disabled as defined under applicable law? (Note that landlords should not request specific information as to the nature of the resident’s disability.) • Is the accommodation that the resident seeks (i.e., the smoking of medical marijuana in the apartment) necessary because of his disability? • Why is the requested accommodation necessary? That is, what is the connection between the disability and the marijuana use? • Are there other alternatives that would accommodate the resident’s disability? Landlords across the country are dealing with medical marijuana use on their properties. By having in place, and requiring adherence to, a policy that dictates how such use will be handled, landlords can minimize their risk of disability discrimination liability. August 2014 Issue | Volume 25 | Number 8 | 9 Traditional Brokers vs. Property Management Brokers The Rift Between Dan Wilhelm, MPM® RMP®, is the Broker/Owner of 3 Options Realty, LLC, (CRMC®) located in Roswell, GA. He achieved top producer standing in residential sales from 1994 to 2004, and has been in the property management business since 1997. His company is of the portfolio variety, where his company’s 32 licensees simultaneously perform both residential sales and property management duties. Dan has been an active participant in the leadership of the Atlanta Chapter Board of Directors since 1993. There are several levels of commitment to property leasing and property management. Misunderstanding these levels of commitment may be the cause of an apparent growing rift between traditional brokers and property management brokers. Since 2008, traditional brokers have become more agreeable about allowing their agents to represent tenants and serve as listing agents for landlords. But these same brokers have been apprehensive about going the whole way and allowing their leasing and listing agents to manage properties. While, admittedly, some brokers actually do have separate departments to perform the property management duties, the practical impact on the leasing and listing agents is similar to brokerages that do not have management departments at all. It is the separation between the agent and the client/ customer from a long-term relationship commitment that may be the root of the problem. Property management brokerage agents recognize that they are going to have to manage the entire and of a property for which they had already successfully located a tenant. Having done that, they would like for me to assign a property manager to manage it because their broker will not permit them to manage it themselves. Because we live in an imperfect world, it is not that simple. The property owner must yet be sold on the property management relationship, and that might not even happen. The landlord might not connect with the property manager (on a personal level) or accept the company’s management policies. Despite this hurdle, we should note the fact that the tenant has already agreed to lease a property under conditions gleaned from or expressed by a listing agent—one that is likely unfamiliar with the prospective property manager’s operating policies. In such cases, the tenants will soon discover that their expectations are invariably different from what the property management company is offering or even able to deliver. When this happens, from the start, the relationship is doomed to misunderstanding—at best, frequently leading to bitter conflict. This problem is, no doubt, rooted in the fact that there is no universal property management policy. And to expect this in practice would be unrealistic. ongoing client and tenant/customer relationships. These are long-term relationships between both landlord and tenant—optimally of more than a year’s duration. Consequently, these agents must be sensitive to the establishment of healthy client and customer relationships from the moment of first meeting. The good ones have learned to carefully craft those relationships with an eye on setting boundaries and establishing expectations, because they know they will have to deliver on them. And it is not that agents working for traditional brokers are insensitive to this necessity, it is just that they have no stake in the long-term management relationship. They may, and should, recognize that there is value in fostering a professional relationship with their clients, but these interests are strictly professional. For the property manager, every day of their lives for the next year or so could be affected by these relationships, and this adds a distinctly personal element to those relationships. I have had traditional agents refer me to a landlord 10 | August 2014 Issue | Volume 25 | Number 8 And at worst, out of such circumstances, are often bred lawsuits. Realizing this, it should be understandable that property managers often grow wary of this outcome. The associated temperament percolating up from such situations often breeds mutual ill-regard between the participating agents. This problem is, no doubt, rooted in the fact that there is no universal property management policy. And to expect this in practice would be unrealistic. One can get an idea of just how diverse these policies can be by simply reviewing any state’s standard form lease, and observing the various policy choices to be made between the parties. These are decisions that a tenant representative cannot make without consultation with the ultimate property manager, because they are, in the purest sense, proprietary policy decisions. When these consultations occur, if the traditional agent does not like or understand the management company’s policies, such conversations can become heated, leading NARPM® 2014 Annual Convention and Trade Show Save the date... October 22 - 24, 2014 d the Foundation Of property management August 2014 Issue | Volume 25 Ba c by kgro u Gr eg nd p h Be nz oto . pro vid e du cat ion cla sse sb eg *P in reOc Co t2 nv 0. en tio na cti vit ies be gin O ct 21 . Hyatt Regency Minneapolis, MN *E to defensive postures on both ends. This undesirable outcome is both unprofessional and unproductive, and the fault is often evenly distributed. For the very same reason that many traditional brokers do not want to engage in property management (unattractive risk-reward benefit), property managers must protect the efficiency of these relationships with both owners and tenants. Even though the agency relationship is with the property owner/client, and the tenant is the “customer,” the ongoing professional relationship with the tenant becomes key to a successful leasing experience and a profitable enterprise. The property manager cannot afford for the tenant/customer relationship to get off on a wrong foot due to unfulfilled expectations that unsuspecting property managers and their tenants become aware of way too late. Out of all of this, it should be no surprise that we hear traditional brokers objecting that property management listing agents disrespect the Brokers’ leasing agents when those leasing agents are representing tenants in the offer process. But it’s really not a matter of respect. It is a practical and human reaction to anticipating dissention. Leasing agents and listing agents faced with such dilemmas, even in the best of situations, will anticipate having to deflect false representations, most often unwittingly made by the tenant’s representative. That’s why most property managers prefer to manage the broker-to-broker relationship as a referral, as opposed to a cooperative—they just don’t want to deal with an ill-prepared leasing agent representing the tenant—a common reality, even if it is an unfair indictment of all. Unfortunately, and all too often, tenant representatives wanting to best serve their clients do get involved in the application process, the lease preparation and signing (negotiation), and even the move-in routine. Only a few traditional leasing agents are truly prepared for this conversation and therefore in a safe place doing this. And when they are not, it often results in busted deals and then hurt feelings. Negative attitudes develop from these hapless experiences and those attitudes eventually become institutionally-ingrained expectations. So it is up to the brokers on both sides to be sensitive to these realities and to take steps to inform their licensees to help them deal with each other on a more professional level. Brokers and agents looking for a better understanding of the leasing and property management business will find no better source than NARPM® (National Association of Residential Property Managers). Many states and municipalities have local chapters that offer leasing and property management training, and non-members are always welcome. These chapters, the regions, and the national association offer many other events throughout the year in which traditional brokers and their agents can participate to learn more about the leasing and property management business. Many local NARPM® Chapters are actively involved with their local REALTOR® Boards and Associations and these relationships surely helps to address this rift. For those communities where NARPM® is not closely associated with the REALTOR® entities, it may be worth further exploration on the part of REALTORS®, leasing agents, and property managers. | Number 8 | 11 National Association of Residential Property Managers 26th ANNUAL CONVENTION REGISTRATION • OCTOBER 22–24, 2014 • MINNEAPOLIS, MN (Education classes begin on October 20 and other Pre-Convention activities begin on October 21.) REGISTRATION INFORMATION (please type or print - one registration form per person) Name: ______________________________________ Name for badge: ______________________________ Company Name: __________________________________________ Title: ___________________________ Address:____________________________________________________________________________ City: ____________________________________________ State: _________ Zip: _____________________ Phone: ____________________ Fax: ____________________ E-mail: ________________________________ Are you a Vendor or Affiliate Member: ☐ Yes ☐ No (If yes, you may only attend if exhibiting at the Trade Show) REGISTRATION FEES ☐ IREM® members check this box to receive NARPM® member pricing. PROFESSIONAL MEMBERS Early Bird By 9/22/14 Postmark 9/23/14 to 10/9/14 Postmark ASSOCIATE MEMBERS 10/10/14 & Early Bird After Postmark By 9/22/14 & Onsite Reg. Postmark NONMEMBERS 9/23/14 to 10/9/14 Postmark 10/10/14 & After Postmark & Onsite Reg. Early Bird By 9/22/14 Postmark $515 $615 $500 $600 $700 -$50 N/A N/A N/A N/A $250 $320 $320 $350 $420 $420 $170 $300 $300 $270 $370 $370 $370 $470 $470 $50 $50 $100 $100 $100 (AM or PM Thursday or Friday admission. Does not include meals.) PRE-CONVENTION EVENTS ☐ Business Leader (Not included in Basic Convention registration fee.) Development Training $99 $150 $200 $149 $200 ☐ President’s Celebration $95 $110 N/A $145 $160 $150 $50 $50 $100 $250 N/A $300 $195 $400 $245 $500 N/A POST-CONVENTION EVENT (Not included in Basic Convention registration fee.) ☐ Friday Dinner $45 $65 N/A $95 $115 N/A $145 $195 N/A ☐ Basic Convention $395 $465 $565 $445 (Pre-Convention & Post-Convention Events below not included.) ☐ Team Discount* -$50 -$50 N/A -$50 (*Basic Convention only) Single-Day Registration (Includes (Includes full full day’s day’s events events with with meals.) meals.) ☐ Wednesday $100 $200 $300 $150 ☐ Thursday $200 $270 $370 $250 ☐ Friday $200 $270 $370 $250 ☐ Trade Show ONLY 9/23/14 to 10/10/14 & 10/9/14 After Postmark Postmark & Onsite Reg. EDUCATION CLASSES Do you plan to take any education classes? ☐ Yes ☐ No Have you submitted separate EDUCATION REGISTRATION FORM? ☐ Yes ☐ No EXTRA GUEST TICKETS Available only with accompanying Basic Convention registration. Not available for Wed. Reception & Trade Show Thursday Breakfast Thursday Lunch Friday Breakfast Friday Lunch walk-ins. (Note: One ticket is included in Basic Convention registration.) Member Non-member _____ (# of tickets) x $45 = $____________ $65 = $____________ _____ (# of tickets) x $30 = $____________ $50 = $____________ _____ (# of tickets) x $45 = $____________ $65 = $____________ _____ (# of tickets) x $30 = $____________ $50 = $____________ _____ (# of tickets) x $50 = $____________ $70 = $____________ Extra Guest Tickets SUBTOTAL $_____________ CONVENTION PIN _____ (# of pins) TOTAL FEES Pin SUBTOTAL $_____________ $_____________ { METHOD OF PAYMENT ☐ Check #___________________, payable to NARPM®, enclosed for Total Fees amount listed above. ☐ Please charge my ☐ Visa ☐ MasterCard ☐ Discover ☐ American Express for total amount above. Cardholder Name: _______________________________ Signature: _________________________________ I authorize NARPM® to charge my credit card. ------------------------------------------- All information below this line will be shredded. -------------------------------------------- Card Number: ________________________________________ Exp. Date: _________ Security Code: ______ 12 | August 2014 Issue | Volume 25 | Number 8 Pre-registrations must be postmarked or faxed by 11:00 pm Eastern Time on September 22, 2014. After September 22, 2014, send the higher fee shown. Do not send registration to National after October 9, 2014. Instead, register on-site at the convention. People registering on-site are not guaranteed access to the luncheons. *TEAM DISCOUNT When two or more NARPM® members from one office register for the entire convention, the second and each additional registrant receive a $50 discount for their entire convention registrations. Registration forms and payment must be received at the same time. To receive discount, registration must be done directly with National, not online. **JOIN & REGISTER Not yet a member? You can become a NARPM® member and register for the convention at the reduced member rate. Check “Yes” at the “Are you applying for membership?” option above and submit the appropriate membership application with this form. Applications can be found online at www.narpm.org/join. CANCELLATION POLICIES Registration Fees SUBTOTAL $______________ x $5 = $_______________ Are you a current NARPM® member? ☐ Yes ☐ No Are you applying for membership?** ☐ Yes ☐ No Is this your first NARPM® convention? ☐ Yes ☐ No SPECIAL ASSISTANCE ☐ I will require special assistance. ☐ I have special dietary needs and request a vegetarian meal. If this convention is cancelled for any reason, the liability of NARPM® to the registrant is limited to the return of the registration fee. A necessary rescheduling of the convention, as approved by the NARPM® Board, does not constitute a cancellation. Convention cancellations must be received in writing. If cancellation is received 30 days prior to October 16, 2014, there will be a full refund, less a $25 processing fee. If cancellation is received 15-29 days prior to October 22, 2014, there will be a 50% refund. There is NO refund 1-14 days prior to October 22, 2014. MONETARY POLICIES A $25 processing fee will be charged for rebilling a credit card. A charge of $25 will apply for all non-sufficient fund checks. Checks not in U.S. funds will be returned. You are not considered a registered attendee until payment has been successfully processed. EASY WAYS TO REGISTER MAIL - Send your form with payment to: NARPM® National, 638 Independence Parkway, Suite 100, Chesapeake, VA 23320. FAX - Send your signed form with payment to 866-466-2776. Please do not mail the original. ONLINE - Visit www.narpm.org and login to the Internet Member Services (IMS) section. Lease More Properties with Less Stress The Propertyware Contact Center helps you convert more leads into leases without the stress of additional overhead. We tailor property information to the prospect’s needs. And our goals are the same as yours: • Book more appointments • Lease more properties • Optimize ad spend • Exceptional service Start leasing more properties today! Call 888-615-4206 or visit www.propertyware.com/more-leases ©2014 RealPage, Inc. All trademarks are the property of their respective owners. All Rights Reserved. August 2014 Issue | Volume 25 | Number 8 | 13 Technology Matters Shedd in g s o me li gh t o n t he m a n y m y st erie s o f o u r fa st- pac ed Hi gh -t ec h wo rl d Product Life Cycles Michael Mino is President and CEO of PropertyBoss Solutions, a provider of property management software. A serial entrepreneur, he has started a number of software technology firms and became a landlord in 1977 when he purchased his first rental units. PropertyBoss Solutions is a NARPM® Affiliate Member. For more information about Michael or PropertyBoss Solutions, visit propertyboss.com or call Michael at 864.297.7661 x26. You have just received correspondence from the manufacturer of a technology product informing you that several product lines are being transitioned to an “End-of-Life” status. The notice usually starts off with some or all of the following phrases: “As a valued customer, you have our commitment to provide you with the highest quality customer service;” “after careful consideration, it is necessary;” and “We sincerely appreciate your support and regret any inconvenience this necessary action causes you.” Many of you were informed that Microsoft would not extend the Windows XP’s April, 2014 end-of-life date, when Microsoft will end all support. Closer to home (and perhaps a double whammy) was the announcement on the vendor’s website that “Tenant Pro Support Ends June 30, 2014!” “What does this mean?” and more importantly, “What should you do?” Let’s start off with an understanding of product lifecycles. Does a product have a life expectancy? Every product has a lifecycle. The lifecycle begins when a product is released and ends when it’s no longer supported. From a business perspective, there are five stages: • Introduction – the product is first made available for sale; lots of risk and uncertainty, along with technical challenges; e.g. 3D televisions • Growth – rising product sales; e.g. LED/LCD televisions • Maturity – wide product acceptance; growing competitive pressure; e.g. Plasma televisions • Decline – changing customer needs and expectations or new technologies lead to waning interest and decreasing sales; e.g. CRT televisions (those big heavy appliances that have found their way to a guest bedroom or the curb) So if a product still generates sales, why do manufacturers retire products? Here are a few reasons: • It no longer aligns with the company’s strategic direction or core competencies • It doesn’t fit in the current product offerings • It generates marginal revenue and/or profitability • It costs too much to support (consider that the burdened cost of a technical person often exceeds $100,000 per year) Most companies take a reactive approach (monitor 14 | August 2014 Issue | Volume 25 | Number 8 and assess the stage of their products and retire them when they reach a certain point in the decline stage), while some companies are more proactive. These companies publish a product obsolescence or sunset policy, often supplemented with a schedule. Microsoft is a good example of the latter. The Microsoft Support Lifecycle (MSL) policy defines their different product categories and support classifications. The formal policy promotes consistency and predictability for both customers and partners. Three support types are identified: •Mainstream – warranty claims, design changes, and feature requests are provided during this initial period (minimum of five years from product introduction) • Extended – incident support and security updates are continued, but the other items identified above are discontinued (minimum of two years from the release of the second successor product) • Custom – customer specific options can be provided via a special contract to go beyond the Extended Support phase Here is the end-of-support timetable from the Microsoft Windows website: Operating System End of Mainstream Support Windows XP Apr 14, 2009 End of Extended Support Apr 8, 2014 Windows Vista Apr 10, 2012 Apr 11, 2017 Windows 7 Jan 13, 2015 Jan 14, 2020 Windows 8 Jan 9, 2018 Jan 10, 2023 The high-tech industry has been particularly susceptible to shorter product lifespans. Unprecedented increases in technology innovation and dramatically reduced product-development times have led to the perception (if not the reality) that a technology product is obsolete before we can power it up. Narrowing our focus to computer products, it is interesting to note that computer hardware typically has much shorter lifecycles than computer software, particularly in the consumer marketplace. Some products have built in obsolescence. The growing trend, for example, to embed batteries that are difficult to replace, often results in a situation where it is less expensive to buy the newer version than restore the old one. Fortunately in the world of software, particularly enterprise software, product lifespans are longer. This is partly due to the nature of software and is driven by the needs of an enterprise. The criticality of enterprise software An enterprise application is the mission-critical software system you use to run your business. If this system stops working, in most cases, so does your business. Unless you have comprehensive manual backup processes predefined (an expensive and formidable task), it will be very difficult to respond to your tenants, owners, and vendors. This reality demands a higher standard from your enterprise business system provider. You should expect longer life spans, planned version migrations, written sunset and support policies, and specific product road maps. How to respond to an end-of-life notice First of all, don’t panic. The notice most likely informs you that the manufacturer will no longer provide repairs, updates, or assistance in the use of the product. You can continue to use the product past this date, although at increased risk, due to the lack of availability of the discontinued services. Just because the manufacturer has withdrawn these services doesn’t mean that an external third party can’t do so. This is particularly true for enterprise systems. In the TenantPro example, many independent organizations have been supplementing the “factory support” for many years. These technical experts are super users of the software and, in some cases, previous members of the original developer’s support group. Another strategy is to continue using the product with a transition strategy defined. Identify the risks and monitor them. In the Windows XP example, the primary downside of continuing to use the operating system is the increasing security risk. Over time, more and more security holes will be discovered and exploited by hackers. If your computer is not connected to an external network, this risk is minimal. Review the upgrade path suggested by the manufacturer, which is generally outlined in your end-oflife notice. Consider the costs and impact on your business. This path will likely be one of your best alternatives, but don’t conclude that it is your only one. Other vendors may have a similar or better tran- sition plan, particularly for your business. Look for services like data conversion, transition training, and additional features. There are more options than you may think, particularly for enterprise systems. Follow the suggestions in this article, and you will have a plan already thought out. Every product has a lifecycle. The lifecycle begins when a product is released and ends when it’s no longer supported. In Summary Take a moment to examine the life expectancy of the critical technology components in your business. Commodity products like a printer or scanner have standard interfaces and are easy to replace, although software driver issues can complicate even this “no brainer.” Consider your backup media. Could you recover data from a floppy disk (I know I am dating myself) or a CD-ROM? Each advance in the medium used to save your critical data requires a decision to migrate the old data to the newer media or maintain the aging device to preserve your ability to read data from the old media. Do you have a relationship with your enterprise system supplier? Review the following on a regular basis with your provider: • Sunset policy – Using Microsoft’s terminology, when does mainstream and extended support end for the product you are using? • Support policy – What is the availability and accessibility of assistance for your product? What happens after the extended support period? • Product road map – Where is your provider headed relative to new product features? Knowing key dates in a product’s lifecycle helps you make informed decisions about when to upgrade or make other changes to your software. Scan this code with your smartphone to access additional resources. August 2014 Issue | Volume 25 | Number 8 | 15 Score Yourself Standards for Excellence Claudia Host, RMP®, joined NARPM®’s Oahu Chapter in 2010. She is a career changer, having previously been a cardiac nurse. NARPM® was instrumental in assisting her with the information and insights essential during that transition to a career in Property Management. She is honored to currently serve on the Chapter’s Board of Directors and was previously the webmaster. She also serves on the Hawaii State Conference Committee, whose title and theme this year is also “Standards For Excellence.” Whether you watch American Idol, The Voice or X-Factor, we all know when a performer is giving a good performance versus giving an excellent or outstanding performance. Even if you are not in the entertainment industry, we know when we witness a great performance versus an okay performance. Excellence seems to always stand out and is especially obvious when you can compare one performer to another performer. As property managers, we don’t have a panel of judges giving us feedback on our performance or scoring us. Unfortunately, we don’t have a Keith Urban or an Usher to mentor us and tell us exactly how we can get to the next level of performance. Nevertheless, we can score ourselves; and we can compare our level of performance against a goal that we have set for ourselves. Most of us know when our efforts and results deserve an A+ and when we just squeak by as a C+. Don’t we all make mental notes, saying to ourselves, “Next time I am going to do something another way – a better way?” you read your internet reviews, are your clients and customers (tenants) giving you an A, B, C, D or F? While it seems, by and large, that internet reviews are mostly submitted by those on the opposite ends of this A to F bell-shaped curve, you, as a professional, can always make the conscientious choice to improve. You don’t want to wait to receive a rash of negative reviews to decide to take a look at some of your procedures. Do you want the reputation of being an excellent property manager or just an average one? It is unequivocal – if you want raving reviews, you have to deliver exceptional service! Tenants and clients expect a certain level of service. To get that raving review, you have to deliver exceptional service and not simply what is expected. So, take up the challenge – it’s never too late to decide to improve, and the best time to start striving for excellence is right now. NARPM® can inspire you to challenge yourself AND can help you succeed in being the best. Decide to dedi- By now, we have all come to understand that if you aren’t keeping score of your own performance, you can be sure someone else is via internet reviews. What can also be helpful, as well as inspiring, is knowing how your level of service compares to another property manager within the same market. This doesn’t necessarily have to be about competition. Comparing your practice standards to a colleague’s is more about raising the bar of professional practices than about competition. It can be about sharing ideas, which is what NARPM® has always been about. Think about asking a few of your local colleagues about some of their practices, but do not discuss what you or they charge for management fees. (See article about Antitrust on page 7.) Or perhaps your NARPM® Chapter would be interested in taking a “best practices” survey of its members. By now, we have all come to understand that if you aren’t keeping score of your own performance, you can be sure someone else is via internet reviews. When 16 | August 2014 Issue | Volume 25 | Number 8 cate yourself to continuous improvement and you can achieve it. Start with one segment or process of your business practice. See what level of service your colleagues deliver and take into account what your tenants and clients expect. Then set some performance goals. Remember what they say about making it to the professional stage of Carnegie Hall – practice, practice, practice. You start with learning the basics and scales, take more lessons, observe others who are better than you, practice, and try to be a little better each time. You too can start with a basic procedure like the Check-Out procedure with exiting tenants. Some of you may call this a Move-Out procedure. How do your colleagues do it? What are your tenants saying? What ideas for improvements can your staff offer? Isn’t there always room for improvement? Try Taking This Challenge and Score Yourself: Returning Rental Inquiries: Is it your normal business practice to return rental inquiries within • 10 minutes…Give yourself an A+! • 2 hours…Give yourself a B. • 4 hours…C. • 24 hours…D. • More than 24 hours…F. Tenant Insurance: • Do you leave Tenant Insurance up to the tenant’s discretion?… C-. • Do you recommend that your tenants carry Tenant Insurance?…Give yourself a B. • Do you require that your tenants carry Tenant Insurance?… Give yourself an A. • Do you check that they name your company as an “interested party” so that you will get notifications when the policy is due to expire or is canceled?…A+. Smoke Alarms Versus Smoke Detectors: (Do you know the difference between a smoke detector and a smoke alarm? (i.e. Texas Property Code was recently changed from ‘detectors’ to ‘alarms’) Do you know why? Should your state make this distinction also?) • Do you only rely on that “chirping” sound to warn the tenants when to replace smoke alarm batteries?…C. • Do you email the tenants a reminder to replace their smoke alarm batteries when most states switch to daylight savings time?…C+. • Do you always replace smoke alarm batteries in between each tenant?…B. • Do you have someone perform both a “smoke test” and an alarm test to truly test whether the smoke alarm will both detect smoke AND sound the alarm...A-. ( By using canned smoke, it is possible to test the ability of the device to “detect” smoke. You will also want to hear the device alarm. It is important to know that just pushing the button on the device and hearing the alarm simply tells you whether the battery is good and not whether the alarm will sound. Both detecting smoke AND hearing the alarm are essential functions we all assume and expect from smoke detectors/alarms. One without the other does no one any good.) • Do you inform your property owners to replace both batteryoperated and hard-wired smoke alarms every 8 to 10 years as recommended by FEMA?…A • Does your Rental Agreement require the tenant to keep an ABC Fire Extinguisher in the kitchen?...A+ (The kitchen is the most common room in the house for fires.) aximizing Security Deposit Refunds: M • Do you believe your exiting tenants don’t care about the condition of the property or any possible deductions to their Security Deposit?…C. • Do you assume your exiting tenants remember the condition of the property prior to their move in and that they still have a copy of their Property Condition Report?…B-. • Do you offer your exiting tenants advice on exactly how they can maximize their Security Deposits refunds?…B+. • Do you send the exiting tenant another copy of the Move-In Property Condition Report (assuming they have probably misplaced theirs) prior to their Check-Out?…A-. • Do you send them Move-In Photos or video?…A. • Do you conduct a pre-Check-Out and point out the things they specifically need to address in order to avoid a Security Deposit deduction and then provide them with a list of recommended repair vendors?…A+. Water Leaks: • Do you simply show all your tenants the water shut off valve?…C. • Do you also have a 24/7 emergency reporting phone number?…B-. • Do you also switch out washing machine hoses to non-burst hoses?…B. • Do you additionally inform your owners that long runs of copper pipe to ice-makers generally last 25 years and then spring a pinhole leak and suggest it is best to replace before the leak?…B+. • Do your House Rules stipulate that tenants are not to run the washing machine or dishwasher unless they are present in the home?…A-. • Do you have a leak detector and alarm under all sinks and by the washing machine?…A. • Do you have a leak detector which will send an email notification in case someone isn’t home when there is a leak?…A+. What determines the difference between adequate versus exceptional? “Good enough” versus top notch? The amount of caring, effort, self-assessment, the desire to be the best, dedication to always looking to improve and pushing your performance to the next level – these are the work habits, attitudes, and goals which account for this range of divergent performances. This is true whether you want to win Dancing With The Stars’ mirror ball trophy or be named the best singer on The Voice. Naturally, in the entertainment business, a lot of talent is an essential ingredient as well! Property management isn’t easy and delivering exceptional service demands additional efforts. Given the effort and talent it takes to juggle all the necessary balls, there probably should be a Golden Key Ring award for Property Management excellence! Regardless if American Idol, The Voice or X-Factor is your favorite show to watch – they are all searching for the same thing – excellence and the best contestant. It doesn’t matter if you want to imagine an A to F score, or hear Simon Cowell saying, “You are a disaster” or Shakira announcing, “You are in the finals.” What is important is that you evaluate your business practices and choose to measure improvement. In how many other ways can you set your business practices apart and enter the rarified air of “excellence?” You may not be sure about who will win this season on any of these competitive entertainment shows. However, you can be certain, that when a prospective home owner is looking for a property manager and when an exceptionally qualified tenant is looking for a rental, they aren’t looking for average or just good enough – they want the best. So, whether you want to challenge yourself to be the best you can be, improve your internet reviews or you simply want to stay competitive, NARPM® can help inform and inspire you towards “Best Practices.” Whether you read Residential Resource or write an article, participate in your Chapter’s monthly luncheon meetings for the speaker topic or the professional networking, attend a Regional, State or a National Convention – you will be inspired by how some of your fellow members challenge themselves towards excellence. August 2014 Issue | Volume 25 | Number 8 | 17 Answering the “HOW” Question Idea Implementation Brad Larsen, RMP® candidate, is the Broker and Owner of Larsen Properties in San Antonio, TX and currently manages 400 singlefamily homes. Prior to getting into real estate and property management, Brad was a U.S. Army Infantry Officer. Brad has been a member of NARPM® since 2010. Have you ever come back from a conference or training event full of wonderful ideas, notes, and concepts, only to see them never get put into action? Have you attended an event and remember thinking there was a ton of good stuff there, but none of it actually got put into motion in your business? You are certainly not alone. Simply having enough honesty to admit that your implementation practices are lacking might be the first step in conquering the Three Letter Challenge – HOW. Answering the HOW question is a unique challenge in itself. It seems we are bombarded with training events, speakers, webinars, books, audio, and video – all offering ideas on success. Think of any number of sales trainers that pop into your head and the conceptual platitudes they deliver in an effort to jar your motivational giant within. I’m starting to sound like one right here! When I first came into this business of managing single-family homes, I did not have any preconceived notions of how to do things, as I started completely from scratch without a business plan. Poor planning – absolutely! Like a lot of us at this level, property management starts with one home. That is how it started with me as a rookie real estate agent being asked if I could manage an investor’s home. The light bulb went off and I immediately answered “yes” – but had no clue what I was doing. In a prior life, I was an Army Infantry Officer. I learned skills to plan and complete tasks on a regular basis while doing all of that at 100 miles per hour. Right or wrong, make a decision, and go full force! Decisiveness was the key. Decide to do something, and go straight ahead to complete it. Without getting too far into motivational speaker prowess, let’s break this down to some techniques that can help everyone. Attendance – To find ideas, you first have to attend a conference, training event, webinar, or forum. Great examples are NARPM®‘s local and national events. There is ample opportunity at these events to pick up ideas and tools for your business. In addition, you must actively seek out ways to retain these thoughts on a constant basis. As an example, everyone may have some time traveling to and from work. Are you taking advantage of that time and listening to productive things, such as books on audio? If you aren’t already doing so, find a way to make use of this time other than talk radio and listening to oldies on the local stations. You will find 18 | August 2014 Issue | Volume 25 | Number 8 yourself constantly coming up with things that can help your business. Networking – While you are in attendance at one of these events, are you seeking out possible networking opportunities with other peers? Networking is not necessarily a sales tactic to find more customers. It’s an opportunity to exchange ideas and learn from each other. Another idea is to always seek out potential mentors who have achieved the sort of results for which you are looking. Take advantage of the opportunity to speak up, ask questions, and listen to advice. Sitting like a bump on a log, counting the seconds until lunch will not get you where you want to go. Be proactive! Note-Taking – Everyone sees note-taking as a throwback to our school days. What you should consider is that jotting down a few ideas becomes a chance to burn the ideas into your mind right on the spot. Scribbling down just a few words to remind you of a topic can make all the difference in retaining a very important idea. You don’t have to record every word presented, but certainly try to annotate important thoughts for use later when it is time to fully digest all of the information. Filtering – One technique I highly recommend is to review your notes on a daily basis each night after a training event. If you are at an out-of-town conference or event, take a little time in the evening to review your notes, and start a computer-based record. A lot of us can type faster than we can write and ideas can flow quicker that way. Review your handwritten notes and make bullet points of your ideas for later use. Make this a quick process and try not to write a book. You just need a few lines that you can expand on later. Once you have returned from this training event, it would also be wise to take an hour or two of uninterrupted time to compile your notes into a legible document you can keep and share with your team. You may be surprised at what you forgot from your own notes a year or two later. Prioritizing – After a conference or training event, a lot of us have ample ideas buzzing around our head to the point where it becomes overwhelming. It’s easier to be complacent, but why did you go to that conference or training event in the first place? You went to get ideas and improve your business. Now is the time to review your notes and begin to prioritize the things that are most important to you. Use a numbering system and Continued on page 23 “HOW” Affiliate Member August 2014 Issue | Volume 25 | Number 8 | 19 Why I Like It Real Estate Mendell Gosnell is the Founder/Owner of Centurion Real Estate Management, LLC, a local property management company serving the Willamette Valley Area in Oregon. He is an active investor in real estate and is a member of the North West Real Estate Investors Association (NWREIA). Mendell is also involved with the local Chamber of Commerce and is an Oregon State University Graduate. He has been a NARPM® member since June of 2009. Along with his interest in Real Estate, he enjoys helping others succeed with their real estate investment goals. For more information visit: www.crem.com or call Mendell 503-588-0940. A farmer once told me that if you want to be successful in life, you need to make money while you are sleeping. There are many ways to accomplish this feat and a great one is through investing in real estate. Within the field of real estate there are numerous ways to make money; the particular way that I would like to look at for the purposes of this article is rental properties. Rental property or investment real estate could be anything from a rental house to a large multi-family complex. Investment real estate that is leased or rented out, such as apartments, provides what is deemed by Uncle Sam as passive income. The beauty of passive income is that it is taxed at a much lower rate than earned income (the most common type of earned income is the kind that you make from working a 9 to 5 job). As another great investor and mentor, Jeff Megy, once told me, “Look to minimize taxes – they are one of your greatest ongoing expenses.” Investment real estate does a great job at minimizing taxes in several different ways, as we will see shortly. Let’s around 70%). Returns of 8 to 14% on cash are not uncommon in this industry, but the benefits don’t stop there. Not only do you have an asset that you have a lot of control over, that is leveraged, and the returns are taxed at a discount – you also have the ability to expense or take a tax write off against any expenses that are used for the property. Did I mention that real estate also has some risk protection as well? If you finance the deal, your bank will require you to purchase insurance, which is great in that it protects your investment against several types of damage and loss. You also have the depreciation tax write off on the property that provides what is called in the industry “phantom cash flow.” You also have the added benefit of tenants that are paying your monthly mortgage – part of which is going toward reducing the principal amount you owe and thereby increasing your overall equity in the property. The other part of the rent payment is paying the interest on the loan, which is also a tax write off. One of the last benefits that I will mention brings me to a piece of financial As you can see, real estate provides a myriad of advantages and benefits and offers a wonderful investment strategy for short- and long-term wealth building… take a look at some of the other reasons that real estate makes for a great investment. Real estate is tangible and controllable. It is not an elusive electronic share in some far away company that you have little knowledge about and even less control. With real estate, you can choose the improvements that you want to do on your property and when to do them. You can do the improvements yourself or shop around to get the best deal. Also, you can even choose the tenants you rent to (assuming you follow the Fair Housing Guidelines and don’t discriminate). And, you can also outsource all of the day-to-day cares to a professional property management company and still enjoy all the benefits. Besides generating a decent return on your money (assuming you got a fair deal on the property you purchased), most real estate deals have the added benefit of using financial leverage. In plain terms, this means you can finance real estate deals by using the bank’s money for a large portion of the deal (in many cases 20 | August 2014 Issue | Volume 25 | Number 8 wisdom that gets overlooked way too often, and that is inflation. I was taught early on to take into account inflation in any long-term financial projections, because inflation silently erodes wealth. But with investment real estate, you have yet another amazing benefit in that it provides a great hedge against inflation, since over time, rents historically go up. We have not even touched upon some of the more exciting topics of how you can use investment real estate to avoid taxes upon selling through what is called a 1031 exchange, which allows you to legally trade into another like-kind property and thereby avoid taxes indefinitely. As you can see, real estate provides a myriad of advantages and benefits and offers a wonderful investment strategy for short-and long-term wealth building – land is scarce. As they say, God only made so much of it. The best time to buy real estate is 20 years ago; the next best time is today. As T. Harv Eker wrote, “Don’t wait to buy real estate, buy real estate and wait.” August 2014 Issue | Volume 25 | Number 8 | 21 Friend of the Past Presidents$100 Donation of Your Choice$_________ ☐ ☐ Name on curling stone ☐ Name on curling broom ☐ ☐ Chapter/Curling Stone/Broom Sponsors$200 Sponsor tag on curling stone (Limited to 96) or broom. ☐ Affiliate Olympic Sponsors $500 (No limit) Name recognition on all electronic marketing and on the event day. ☐ End Sponsors $1,000 (Limited to 12) 12 end billboard/banner at the rink end. Name recognition on all electronic marketing and on the event day. ☐ Olympic Sponsors $1,000 (No limit) Suggested level for all Past Presidents and CRMC®s. Banner/billboard recognition and name recognition on all electronic marketing and on the event day. ☐ Lunch Sponsor $2,000 (No limit) Name recognition at the event and on all electronic marketing. Can provide company giveaways during lunch. Please check the appropriate level below if you are interested in Sponsoring. Thank you to our Curling Tournament Event Sponsor for their support! sponsorships curling The Past Presidents of NARPM® invite you to join them at their annual Charity Tournament to benefit their local charity of choice. This year’s event will take place on October 21, 2014. Deadline is September 19, 2014 $95 per curler (Includes curling lesson, match play, lunch, and Party on Ice.) ☐ curlER COST Security Code ___________________ All sponsorships and donations paid by check or money order must be made payable to “The Hampton Roads Foundation.” All curler registrations paid by check or money order must be made payable to “NARPM®.” Payment is due by September 19, 2014 and is non-refundable. Send forms to NARPM®, 638 Independence Parkway, Suite 100, Chesapeake, VA 23320, or by fax to 866-466-2776 or by email to info@narpm.org. PAYMENT/CANCELL ATION CL AUSE Exp Date ___________________ Card #___________________________________________________________ ---------------- All information below this line will be shredded. ---------------- Signature ________________________________________________________ Name on card ___________________________________________________ ☐ Please charge $____________ to my ☐ VISA ☐ MC ☐ AMEX ☐ Discover. for Sponsorship/Donations payable to The Hampton Roads Foundation and for Curler/Party Attendance registration payable to NARPM®. PAYMENT ☐ Check# ____________ enclosed for $ ____________ Select level at left (Note: Only Event Sponsor includes $95 curling costs and Party on Ice/lunch for team of 4.) sponsor COST ☐ NARPM® Party on Ice and Lunch Don’t want to curl? $45 per person (Includes lunch and party.) Phone ___________________________ FAX______________________________ City/ST/Zip _________________________________________________________ Mailing Address_____________________________________________________ Email of Pre-Tournament Contact_______________________________________ Name_____________________________________________________________ Company__________________________________________________________ sponsor /curler CONTR ACT Past President Dave Holt, MPM® RMP®, has chosen Special Olympics Minnesota as his worthy, charity organization. Dave’s wife, Mary, has worked with special needs kids for many years. Together, they have helped with Special Olympics and other areas for special needs kids. Special Olympics is a global movement of people creating a new world of inclusion and community, a world in which every single person is accepted and welcomed regardless of ability or disability. We are helping to make the world a better, healthier, and more joyful place — one athlete, one volunteer, one family member at a time. Dave feels that, “As property management professionals, we sometimes deal with people who are not so thankful or caring in regards to how they treat others or treat the property of others. This is unfortunate and a very frustrating part of this business. Special Olympics participants are so thankful and so genuinely happy to be welcomed and able to take part in things we take for granted. The joy and warmth you receive from them helps ground you and puts life in perspective, which is sometimes hard to come by in our day-to-day business lives.” This Y ear’s Charity NARPM® 26th Annual Convention Past Presidents’ charity curling Tournament fogarty arena / Four Seasons curling club | 9250 Lincoln st. NE | blaine, MN 55434 Regional Communications C onnecting t he expanding N A RPM ® memb ers hip one region at a time The RVP Bulletin Traci Lewis VanCamp, MPM® RMP®, began her career in real estate more than 20 years ago. She is an award-winning REALTOR® and holds an Associate Broker license with RE/MAX Alliance in Virginia Beach, VA. Traci has served on the NARPM® Membership, Tradeshow, Convention, and Regional Conference Committees. She also acted as Co-Chair for the Eastern Regional Conference Committee, and was an assistant to the Southeast Region RVPs. Traci is a Past President of both The Virginia Peninsula and Virginia State Chapters and obtained her RMP® in 2009, and her MPM® designation in 2013. She became the Southeast RVP in January of this year. If you care about your business and helping it grow and succeed, then you should be more involved! What an exciting year this has been so far for me as the 2014 Southeast Regional Vice President! In January, it was an honor to be selected by the Board of Directors to fill this roll. At the time, I had just completed my third year serving as the Virginia State Chapter President, and we were at our inaugural Virginia State Chapter Conference. Even though I was stepping down as Virginia State Chapter President, my passion for NARPM® continued; and I was already working on my duties as the Eastern Regional Conference Co-Chair with Tiea Vincent, RMP®. Being a NARPM® member for ten years has been an asset to my business. From day one, I immediately became involved on different national committees, as well as the local chapter levels. Through NARPM®, I have befriended many NARPM® members around the country and even met some of our international members at various events. The more I was involved in NARPM®, the more my business grew. Everyone always asks, “How do you have the time?” My answer is to make the time. If you care about your business and helping it grow and succeed, then you should be more involved! Mark up your calendar with the NARPM® meetings that your chapter is hosting and make it a priority not to schedule a conflicting appointment. You owe it to yourself to attend! If you are trying to achieve a designation and need points to earn your RMP® or MPM®, then join your local chapter’s board. You could be a committee member, help with membership or even help with emails, newsletters and the chapter website. There is always a need for more volunteers in any organization. My point is that the more you become involved, the more you learn, the more people you will meet, and more people will get to know who you are! So when you attend meetings, educational classes, your local regional event or even the national convention, I encourage you to network and step outside your comfort zone to introduce yourself to another NARPM® member. You never know who you could meet and what that introduction could develop into. As a NARPM® member, make sure you use the features of www.narpm.org. I have found many members, as well as chapters, are not utilizing this wonderful tool and the best part – it is FREE with your NARPM® membership! Did you know, you could also refer clients to 22 | August 2014 Issue | Volume 25 | Number 8 other NARPM® members through www.narpm.org? You can even watch videos of “How tos,” take online classes, find other members and chapters, view chapter websites, and volunteer to various committees! As a NARPM® member, you can view archived webinars, just by logging in to Members Only/ Resources. You can even register for chapter events, educational classes, and the upcoming NARPM® Annual Convention! All this is right at your fingertips! Speaking of the NARPM® Annual Convention, are you registered? I am so excited about this unique convention location and The Past Presidents’ Charity event. I have always believed in giving back to the community, and what a “cool” way to do this by helping The Special Olympics and trying something fun like Curling! Usually, this event is a golf tournament and golf is something most of us can do almost anytime, but how many of us can go curling? I encourage you and your chapters to help sponsor this wonderful event and even participate on some level. If you are not a curler, you can still network with your fellow NARPM® members at lunch and the Party on Ice. The fun does not stop at curling. Did I mention the President’s Celebration at the Mall of America? Not only does this mall have over 500 stores, it has an amusement park, aquarium and so much more! So, bring someone from your office to the convention and register together and save some money to spend while at the 2014 NARPM® Annual Convention in Minneapolis. I hope you get as excited as I am about the rest of 2014 and what great things our NARPM® organization has to offer on all levels, now and in the future! I look forward to my upcoming visits to more chapters and their events, as well as meeting many more of you! It was a true pleasure to meet many of you that I have spoken with on the phone at the Eastern Regional Conference. As the regions may be shifting in 2015, I know the new acquaintances and friendships I made in 2014 will continue to grow. Again, I encourage you to become more involved in NARPM® and to attend your local chapter meetings and events, as well as getting more involved in NARPM® by volunteering your time and talents. Lastly, I hope to see you in Minneapolis at the 2014 NARPM® “The Foundation of Property Management” Annual Convention! Northwest: Leeann Ghiglione, MPM® RMP® Alaska, Washington, Oregon, Idaho, Montana, Wyoming. Pacific: Richard Vierra, RMP® California, Nevada, Hawaii. Southwest: Steve Schultz, RMP® Utah, Arizona, Colorado, New Mexico. North Central: Deb Newell, MPM® RMP® North Dakota, South Dakota, Nebraska, Minnesota, Iowa, Wisconsin, Illinois, Michigan, Indiana. Northeast: Deb Newell, MPM® RMP® Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New York, Pennsylvania, New Jersey, Delaware, Maryland, Washington DC, Ohio, West Virginia. South Central: Bart Sturzl, MPM® RMP® Kansas, Oklahoma, Texas, Missouri, Arkansas, Louisiana. Southeast: Traci Lewis VanCamp, MPM® RMP® Virginia, North Carolina, South Carolina, Georgia, Florida, Kentucky, Tennessee, Alabama, Mississippi. 2014 Continued from page 18 “HOW” work on getting a few easy things implemented first to give you momentum. How good would it feel to look back and see that you took two or three things off of your list? Numbering should be limited and constantly narrowed down. Having a list of 25 ideas is much more daunting than two or three ideas. If you get stuck on an idea, seek advice. Knock out the top three things on your list. Then renumber them all and do the same again. These top three don’t have to be the hardest things. Make them the easiest things to help narrow down your list. Put the Ideas Into Place – Once you have the ideas prioritized, take it a step further and simplify what it will take to put an idea into place. Write out the specified and implied tasks for getting that idea accomplished. Put the necessary steps into motion for larger projects as soon as you can. For example, it would take much longer to implement a new software program than a new tenant fee. The fee can be put into place with just a small bit of paperwork. A specified task to implement the new idea would be the concrete steps to get that idea into motion. An implied task would be having the pen and paper to write the idea down. Set Goals – Take that idea and implement it with your envisioned end state in mind. If your goal is to improve on one part of your business, such as revenue generation, break that down to several small steps with a larger goal at the end. For example, I want to increase our annual revenue by $25,000. Break this down into what that really means. How many new properties added to your portfolio does that equal? Is that an increase in your fees? Is that a decrease in your staff or overhead? With the goal in mind, it will highlight the path you want to be on with the steps needed to get there. Consider this to be a form of reverse planning. Find a Project Manager – With prioritized ideas in hand, seek out a staff member in your office to be your project manager. Assign that person your project, give them your intent, and put them on a deadline. Between the two of you, ideas and solutions can be exchanged to perfect the idea for fastest implementation. This also empowers your staff members and enhances their sense of ownership, making you look like a great leader by simple delegation. Audit – Once your goals are set and the steps to achieve those goals are put into motion, you must make spot checks on the progress. Make concrete plans to review the potential effectiveness of your ideas at timed intervals. One week – One year – whatever increments best measure your goal path. Be sure to record this for easy retrieval. Not all ideas are giant improvements. If something is not working for your business in your market, you should have a safety net timeline to review and decide if another option is needed. By following a few of these techniques and feeling prepared, your effectiveness on implementing possible improvements will begin to materialize. This will answer the question of HOW you get better! To put this into a term I use a lot – the key in managing single-family homes is to find the right tenant. It’s easy to say, but tougher to complete. It leads into the next question of HOW do you do that? With that question buzzing around your head, we all have our ideas on HOW to find the right tenant…just make sure the answers to that question are fully implemented in your business! This will answer the question of HOW you get better! To put this into a term I use a lot – the key in managing single-family homes is to find the right tenant. August 2014 Issue | Volume 25 | Number 8 | 23 Chapter Spotlight Shedd in g s o me li gh t o n t he e xc el l en t NARPM ® c h apters across t he u nited states Triangle Chapter Debbie Henry, RMP®, has been in the property management business for 30 years. Henry Property Management has an outstanding reputation in the Wake County, NC area and beyond. They have a fully-staffed office with over 100 years of combined experience. Debbie’s accomplishments include being a graduate of North Carolina State University with a Bachelor of Science in Microbiology, a Real Estate Broker since 1983, the first RMP® in Wake County to earn this designation, President of Triangle Chapter, President and founding member of the Property Management Council, a member of the North Carolina Association of Realtors®, a member of the Property Management Division of NCAR, and a member of the Raleigh Regional Association of Realtors®. She was appointed by the Town of Cary to the Citizen Issue Review Commission, is a graduate of the Town of Cary School of Government in 2011, and is a member of the Cary Chamber of Commerce. Although 2014 is only our second year as a NARPM® Chapter, we have had a full calendar. Our first class was rescheduled three times due to inclement weather. Our speaker, Kit Garren, MPM® RMP®, was trying to drive in from the North Carolina mountains and it seemed as if we had weekly snow or ice storms. Eventually, we managed to have Kit not only teach a class in the snow, but come back in May to teach another class. PMC & NARPM® Merge Beginning in January of 2014, the Property Management Council (PMC) of the Raleigh Board of Realtors® merged with the Triangle Chapter of NARPM®. This has been a win-win for both organizations. The Triangle Chapter has use of all facilities at the Raleigh Regional Board of Realtors® and the Realtors® have the opportunity to hear national speakers. Our meetings have included speakers from Legal Shield, Fourandhalf, NC Housing Authority and Brownlee Law Firm. Several members from PMC have joined our chapter. Education The Triangle Chapter sponsored two classes in 2014. Our first class was Habitability Standards & Maintenance on February 13 and our second class was Personnel Procedures Advanced on May 15. Students attending these classes are candidates for either their MPM® or RMP® designation. We were fortunate to have both classes taught by Kit Garren, MPM® RMP®. Kit brought his enthusiasm and his love of NARPM® to each class. 24 | August 2014 Issue | Volume 25 | Number 8 Designations The Triangle Chapter is committed to advancing our professional skills in the property management industry. We have one MPM® candidate and six RMP® candidates. One of our current RMP® candidates was awarded the CSS® designation last year and decided to continue to work toward her RMP® designation. Property Management Expo and Vendor Fair On September 23, 2014, our chapter will host a Property Management Expo and Vendor Fair. We have invited vendors from across the county to join us. John Bradford, MPM® RMP®, will be our opening speaker and Melissa Prandi, MPM® RMP®, will be our closing speaker. We will have an expert panel of North Carolina Landlord-Tenant attorneys answering legal questions posed by our attendees. We welcome everyone to join us on September 23, 2014 in Cary, NC. our chapter Our members are enthusiastic and committed to helping the Triangle Chapter grow. It has been a privilege to lead this dedicated organization this year, and I am looking forward to what 2015 holds in store for us! Designation Classes Dem o n st r at e t h at yo u h av e e x pert kn owl ed ge a b o u t re siden t i a l pro pert y m a n agemen t DATELocation CLASS Interested in Sponsoring? Opportunities are available to Chapters that would like to further educate their members and increase their Chapter funds. However, it takes time to plan a class so give your Chapter five to six month’s lead-time if you wish to sponsor. 8/19/2014 8/19/2014 8/21/2014 9/13/2014 9/13/2014 9/15/2014 9/16/2014 9/18/2014 9/18/2014 10/20/2014 10/20/2014 10/21/2014 10/21/2014 10/22/2014 11/12/2014 San Jose, CA Orlando, FL Jacksonville, FL Melbourne, FL Melbourne, FL Nashville, TN Nashville, TN Roswell, GA Forth Worth, TX Minneapolis, MN Minneapolis, MN Minneapolis, MN Minneapolis, MN Minneapolis, MN Tucson, AZ 1. Mail form below to NARPM®, 638 Independence Parkway, Suite 100, Chesapeake, VA 23320. Online Designation Courses are now available through OMG Distance Learning. For information and/or to enroll visit www.narpm.org/education. Fees (subject to change) ⑥hour NARPM® 101 Member Non-member Retake RMP®/MPM® Candidate ③hour Ethics Member Non-member $195 $295 $75 $100 $180 3. Online registration is also available through Internet Member Services at www.narpm.org. Name _______________________________________________________________ Early Registration* $99 $99 $99 $99 $99 Company _____________________________________________________________ Registration Phone ________________________________ Fax ___________________________ Address ______________________________________________________________ City/ST/Zip ___________________________________________________________ Email $99 $99 $99 $99 $99 _______________________________________________________________ Register for Classes Name of Class Class Date Cost ___________________________________ _________________ $ ________ $45 $95 $45 $95 ___________________________________ _________________ $ ________ ___________________________________ _________________ $ ________ Total $ ________ Method of Payment Course Information • • 2. Fax your form with credit card payment to 866-466-2776. Please do not mail the original. $250 $350 $150 $150 $250 *To receive the early registration price, payment must be postmarked, faxed or emailed 30 days prior to the class. • Raymond Scarabosio, MPM® RMP® Betsy Morgan, MPM® RMP® Brian Birdy, MPM® RMP® Fred Thompson, MPM® RMP® Robert Locke, MPM® RMP® Kit Garren, MPM® RMP® Kit Garren, MPM® RMP® Vickie Gaskill, MPM® RMP® Betty Fletcher, MPM® RMP® Brian Birdy, MPM® RMP® Kit Garren, MPM® RMP® Robert Locke MPM® RMP® Vickie Gaskill, MPM® RMP® Brian Birdy, MPM® RMP® Peter Meer, MPM® RMP® ⑥hour Course Early Registration* Registration Member Non-member Retake RMP®/MPM® Candidate INSTRUCTOR Risk Management Advanced Owner/Client Relations Essentials Office Operations Ethics Owner/Client Relations Advanced Owner/Client Relations Essentials Owner/Client Relations Advanced Personnel Procedures Essentials Marketing Owner/Client Relations Essentials Habitability NARPM® 101 Risk Management Advanced Ethics Tenancy Course flyers containing additional information may be downloaded from www.narpm.org/education/schedules.html. All materials will be given to students on the day of the class. Attendees required to make their individual hotel reservations. Cancellation Policy Cancellations must be received in writing. If cancellation notice is received at least 30 days prior to the class, a full refund will be issued less a $25 processing fee. If cancellation notice is received less than 30 days before the class, a 50% refund will be issued. No refunds will be made on the day of the class; however, the registration fee can be applied to a later class with a $25 transfer fee. If NARPM® cancels the course because minimum registrations have not been met or for any other reason, then tuition paid will be fully refundable. All courses are subject to cancellation by NARPM®. o I have enclosed a check for $ __________ Check # _______________________ o Please charge my credit card in the amount of $ _________________________ o Visa o MasterCard o Discover o American Express Name of Cardholder ___________________________________________ Signature _____________________________________________________ I authorize NARPM® to charge my credit card. All information below this line will be shredded Card Number ______________________________ Exp. Date _______ Sec. Code _______ August 2014 Issue | Volume 25 | Number 8 | 25 Membership Growth A wa rm welc o me to a ll t he ne w memb er s wh o j o ined fro m M ay 30 - J u ne 25, 2014 Professional Members Arizona Mark Carvalho Carvalho Real Estate, Inc. Mesa, AZ 480-854-9000 Richard Hoey Active Renter Phoenix, AZ 602-635-1063 California Mario Banuelos AZARI Property Management San Francisco, CA 415-772-1977 James Breitenstein Landsmith Real Estate, Inc. San Francisco, CA 650-328-4663 Perry Harmon, Jr. All County Bay Area Property Management Berkeley, CA 510-725-4106 Robert Matilla Property Management, Inc. Temecula, CA 951-302-1983 Tanya D. Roman Cornerstone Property Management San Jose, CA 408-377-3000 Colorado Charles G. D’Alessio III Synergy Realty Group, Inc. Colorado Springs, CO 719-418-5001 Jeffrey L. Nester Nester Property Management Colorado Springs, CO 719-380-7300 Daren Roberts New Age Real Estate, LLC Englewood, CO 303-800-1670 Florida David Branham Davidson Property Management St. Augustine, FL 904-484-2170 Amy Buker Main Street Properties, Inc. Pensacola, FL 850-912-4123 Jose L. Chow OMG Realty & Management of Florida, LLC Kissimmee, FL 407-483-7811 Haviv Cohen Zelco Management Group Delray Beach, FL 561-451-5455 Sandra DeAngelis RocknHomes Real Estate, Inc. Jacksonville, FL 904-425-6694 Darcie Englert Realty Group Specialists, LLC Oviedo, FL 321-244-0408 James M. Garcia, Sr. Vintage Real Estate Services Brandon, FL 813-684-0001 Elaine Gary BlueWater Realty Group Crawfordville, FL 850-926-8777 Daniel A. Gurzi Elite Property Management Jacksonville, FL 904-220-8009 Ronald P. Harris Harris Realty Partners, LLC Jacksonville, FL 904-509-2838 Take the time to welcome a new member. 26 | August 2014 Issue | Volume 25 | Number 8 Diann Haubner Lou Haubner Realty, Inc. Apopka, FL 407-886-8010 John Jackiewicz Weichert Realtors® Crown Properties Saint Augustine, FL 904-770-4663 Betty Kinyon The Kinyon Team, LLC Jacksonville, FL 904-781-3085 Al Knoepfel Turnkey Property Service, LLC Jacksonville, FL 904-384-2970 David Longobardo Chaplin Williams Rentals Amelia Island, FL 904-261-0604 Barbara Lynn Action First Realty, LLC Jacksonville, FL 904-463-3855 George Mackoul Mackoul Rentals Jacksonville, FL 904-396-5208 Thomas J. May Keller Williams Tampa Central Tampa, FL 813-865-0706 Nelson Ortega Nelson Ortega Jacksonville, FL 904-900-4766 Patricia Perkins Perkins Realty Fleming Island, FL 904-278-7779 Edwin Ramos Allegiant Management Group Kissimmee, FL 407-557-3164 Wendy Rodgers Planet Realty & Management Jacksonville, FL 904-425-7253 Alex Roman Arrico Realty & Property Management Brandon, FL 813-662-9363 Laura Schuette Sunshine Rentals & Property Management Cape Coral, FL 239-541-5570 John C. Snyder Turnage Realty Company Jacksonville, FL 904-381-8199 Mike Stetson JWB Property Management Jacksonville, FL 904-755-7777 Chase Strickland The Strickland Jacksonville Beach, FL 904-372-7300 Anne Texier-Fabri Global Keystone Realty, Inc. Orlando, FL 757-473-9700 Greg M. Traub Complete Florida Realty Orlando, FL 407-545-6188 Ruben Triana DART Properties Grand Island, FL 352-250-1071 Cary D. Wilkinson Advantage Enterprises Orange Park, FL 904-269-9488 Debra L. Wingo The Selby Group Flagler Beach, FL 386-439-3159 Georgia Robert J. Wilson IV PMI of Metro Atlanta Atlanta, GA 855-757-6463 Hawaii Angie Ho Angie Ho Realty Honolulu, HI 808-531-0233 Sheryl J. Messamer Woodstock Properties, Inc. Aiea, HI 808-488-1588 April L. Tauzin Woodstock Properties, Inc. Aiea, HI 808-488-1588 Maryland Bobby Kandhari Pioneer Enterprises, LLC Bailtimore, MD 410-354-1111 Massachusetts Thomas Maloof PMI Property Services Boston Metro Saugus, MA 781-231-3333 Missouri Ken Logan Results Real Estate Services, LLC Blue Spring, MO 816-228-9667 Joseph V. Ord AMOSO Properties St. Louis, MO 314-669-2522 Nevada Michael Clark Trans-Action Realty Reno, NV 775-284-1313 Earn yourself Ambassador Points. See page 30. Melissa L. Fore New West Property Management Las Vegas, NV 702-362-8099 Tami L. Christopher iMAT Property Management Group, Inc. Humble, TX 713-569-0453 Ashley Hawks Black & Cherry Real Estate Group Henderson, NV 702-795-4663 Kevin Macicek Area Texas Realty & Management, LLC Houston, TX 713-972-1222 Anna M. Hensley Black & Cherry Real Estate Group Henderson, NV 702-795-4663 Frida I. Mack FirstService Residential Realty Austin, TX 512-605-9713 Cassandra A. Mor The Mor Group Las Vegas, NV 702-501-1085 Nathan Stevens Dallas PMI McKinney, TX 214-477-8528 Adria L. Sweifach Trans-Action Realty Reno, NV 775-284-1313 Katherine J. Teeter Waterhouse Realty Hutto, TX 512-635-0598 New Mexico Sarah M. Rich GDR Property Management, LLC Albuquerque, NM 505-883-7070 Oregon Patricia L. Dougherty Lighthouse Property Management Tillamook, OR 503-842-7368 Victor E. Vazquez RE/MAX Trinity Fort Worth, TX 817-870-1600 Tommy Vela Magnolia Rentals McAllen, TX 956-630-4225 Barbara S. McKenzie Coldwell Banker McKenzie Bainbridge Island, WA 206-842-1733 Jay Young Real Property Associates Seattle, WA 206-523-0300 Affiliate Members California Todd Callow realtor.com® rentals San Jose, CA 800-978-7368 Timothy Manson Property Connect, Inc. San Francisco, CA 415-633-8801 Brandi Thompson HG Long & Associates/ Fast Eviction Service San Bernardino, CA 909-889-2000 support staff Members florida Alain Gonzalez Webperties.com Miami, FL 305-501-4774 Georgia Prentice Walker PLW & Associates Conyers, GA 770-761-2111 New York Jonathan Seigel First Key Lending New York, NY 917-626-4671 Jenna Weinerman Updater New York, NY 856-261-1977 Ohio Casey Shaulis BuilderLogs N. Canton, OH 330-896-8819 California Kelly Peterson SCV Leasing, Inc. Valencia, CA 661-294-8500 Florida James Clark Capstone Building & Maintenance/BHHS Trinity, FL 727-847-6556 Hawaii Anastacia C. Abellera Clark Realty Corporation Kailua-Kona, HI 808-329-5300 Kansas Carrie Meehan Home Rental Services, Inc. Leawood, KS 913-469-6633 Texas Rebecca Winkelmann Terra Residential Services, CRMC® Houston, TX 713-895-9966 John S. Walton, Jr. Century 21 John Walton Realtors® Lubbock, TX 806-793-8111 Spenser Kuroda Oregon Oak Property Management Beaverton, OR 503-828-8729 Dorothy J. Wanko Wanko Property Management Spring, TX 281-655-8008 Pennsylvania Melanie A. Brewer Westminster Place Partnership Erie, PA 814-833-8900 Virginia Mike Ragen NOVA Leasing and Management, LLC Springfield, VA 703-642-3380 Trent L. Stauffer Bold Property Management West Reading, PA 484-651-1055 Geoff Schwartzman SGS Property Management, LLC Falls Church, VA 703-915-8284 South Carolina Debra E. Abraham The Space Company Charleston, SC 843-577-2676 Washington Kristin Gill Windermere Property Management Eastside Bellevue, WA 425-455-5515 Texas Salman Ashraf Ashrock Realty Round Rock, TX 512-814-6570 Thi A. Huynh North Gold Realty, Inc. Seattle, WA 206-456-6318 Training customized to your needs with results you can measure. TO FIND OUT MORE ABOUT CUSTOMIZED TRAINING OPTIONS CONTACT ONE OF OUR SOLUTIONS SPECIALISTS. Your Property Management Solution of Choice. 800.562.0661 • info @propertyboss.com • www.propertyboss.com August 2014 Issue | Volume 25 | Number 8 | 27 NARPM® Affiliate Members Advertising Trulia.com Banking and Financial California Bank & Trust First Citizens Bank IRA Innovations Seacoast Commerce Bank other BUSINESS PRODUCTS AND SERVICES AJ Thomas Insurance Services All County Franchise Corp. AMRE Solutions A R Recovery Solutions of Hawaii ATI, American Technologies, Inc. Avenue West Global Franchise B2R Finance, New York B2R Finance, Charlotte Belfor Property Restoration Biocide Systems Brilliant! Decor Burns Pest Elimination Buy Calls, LLC, DBA: Ralarm Capital K9 Pest Solutions Carrington Property Services Cbeyond, Inc. Centex House Leveling CORT Co-Signer.com Dennick Inspections Diversified Employee Benefit East Coast Public Adjuster TX E Z Track It First American Home Buyers Protection First Key Lending Floor Coverings International Flooring Resources, Inc. For Rent By Owner Frontline Processing Corporation Fundamental REO, LLC Future Focus Utilities Get The Lead Out, LLC Global Grid Marketing Essential Service Providers Hart & Associates Tax Consulting and Preparation Services HMS Home Warranty Ideal Applications, LLC Impact Management & Consulting, LLC Integra Global Solutions Corp. Ireviloution Intelligence Jasper Air Karmaboxx, LLC Kent Security KIDDE LandlordSource Morningstar Credit Ratings Mutual of Omaha Bank National Real Estate Insurance Group New Empire Group Nitro Mobile Solutions, LLC Nu-Set Lock OFIC North America, Inc. OPTIONS Partners E&O Insurance Services, Inc. PATLive PayLease, Inc. PayNearMe Peace of Mind Florida Peachtree Business Products Pest Control Solutions Phillip Gira Insurance PLW & Associates PropertyManagementPros.com Property Reports On Sight (PROS) Ram Jack Systems Distribution Real Property Management Renter Resume Renters Legal Liability Renters Warehouse, USA Rently.com RentPayment Rent Recovery, LLC Restoration Industry Association Royal Cleaning Rubbish Works Sage Financial Logistics, LLC Scent Tek SERVPRO North Arlington Snap Junk Removal Southwest Recovery Services Steady Pay Payment Solutions The Diamond Group The Landlord Academy The Mahoney Group, DBA: Southwest Real Estate Purchasing Group The RRD (formerly The Rent Rite Directory) The Sherwin-Williams Company Tom Baumann Enterprises, Inc. Top Gun Restoration TWG Insurance U. S. Liability Insurance Co. Utah Apartment Association Venturi Clean Zelman & Associates Insurance Aon Rent Protect CSE Insurance DiGerolamo Family Insurance First American RMS JGS Insurance Johnson Agency Mobile Insurance Agency Travelers Unitrin Direct Preferred Insurance INTERNET TOOLS/ MARKETING Akaydia.com All Property Management Apartment Ratings Business Rating and Reviews CheckYourLandlord.com Community Buying Group 28 | August 2014 Issue | Volume 25 | Number 8 COZY DocuSign, Inc. Elite Team Technologies, Inc. DBA: Rental Zoom EVA Property, LLC Fourandhalf.com FreeRentalSite.com Go Section 8 HERO PM Homes.com HomeTownRent.com Hotpads.com Houserie.com HousingManager.com iManageRent, Inc. Inspect and Cloud Manage My Property MMM Limited MYOWNREALESTATE.COM Planet Synergy, Inc. Pointwide.com Property Connect, Inc. Property Management, Inc. Property Management Professionals, Inc. (rentUSAnow.com) Property Management Traffic Property Solutions Intl. Propertyware, Inc. Providence Management & Investments RageRent RealRentals.com realtor.com® rentals Rent.com Rent2Buy America, LLC RentMetrics Rental Source RentalHomesPlus Rentalhunt.com Rentals.com Rentbits Homes Rentfeeder, Inc. Rentler.com Rentometer, Inc. Runzheimer International, Ltd. ShowMojo, LLC TAX99.COM Virtually Incredible WalkThruInspections.com Webperties.com Xpress-pay.com YoGrow Marketing Zillow, Inc. Legal services Aggressive Legal Services Amco Financial Services Barker Martin, P.S. Boltz Law Brownlee Law Firm, PLLC Community Association Law Group HG Long & Associates/ Fast Eviction Service Judith B. Wolk, LLC Kovitz Shifrin Nesbit Law Offices of Heist, Weisse & Davis, PA Law Office of Daniela Pavone Law Office of Lawrence Jaffe Legal Shield Provizer & Phillips, PC Sheridan Clark, LLP Smith Knowles, PC Stein Law, PC U S Collections, West, Inc. MAINTENANCE Accountable Plumbing & Rooter Alarm Compliance USA, Inc. Alpha Pest Control, Inc. Bedbug Thermal Solutions BehrPro: Behr & Kilz Paint & Primers Belfor Property Restoration Cheyenne Corporation DBA: AAA Action Painting CitruSolution of Middle Tennessee Crime Clean of Texas, Inc. Custom Home & Commercial Accessories Detector Inspector Disaster One, Inc. Elite Restoration, LLC Empire Today, LLC Extreme Landscape & Management Impact Management & Consulting, LLC Inspection Experts, Inc. (IEI) KYS Construction, LLC MFS Supply Mr. Rekey Locksmith Services MSN Construction and Management Corporation NightTenders, Inc. Orkin, Inc. Propertyware, Inc. Property Pal PuroClean Property Restoration Quanex Building Products Corporation Queenaire Technologies, Inc. R.E.O. Flooring Solutions Roof Brokers, Inc. ServiceMaster Cleaning & Restauration SERVPRO North Arlington SERVPRO of Alexandria Sherwin-Williams Company Smoke Alarm Solutions Spartan Plumbing Universal Restoration Services US Aqua Vac, Inc. SOFTWARE AppFolio, Inc. BoostPM, Inc. BuilderLogs BuildingLink.com, LLC Buildium Buyer Acquire ClubLocal eRent Payment Happy Inspector, Inc. HERO PM HOA Management.com, Inc. In The Field Technologies Inspect and Cloud Mobile Property Management MYOWNREALESTATE.COM National Real Estate Education, LLC Planet Synergy, Inc. PROMAS Landlord Software Center Property Management, Inc. Property Manager Websites PropertyBoss Solutions, LLC Propertyware, Inc. Rent Manager Rental Property Acct. Services Rentec Direct, LLC RentJuice Simple Inspector TReXGlobal.com Updater Yardi Systems TENANT SCREENING AAA Screening Service ACRAnet ACUTRAQ ACUTRAQ Background Screening Alliance 2020 Background Info USA Beacon Background Screening Services, LLC Certified Tenant Screening Choice Data, Inc. Clear Screening Contemporary Information Corp. CoreLogic SafeRent Credit Investigators, Inc. Data Verification Services, Inc. Experian North America Expert Screenings ezLandlordForms, LLC Frontline Commerce Solutions Houserie.com Investigative Screening Landlordstation.com LexisNexis Resident Screening Microbilt MOCO, Inc. National Tenant Network, Inc. National Tenant Screening Services, a division of Verification Consultants, Inc. Orca Information, Inc. RageRent Rapid Credit Reports Rate Tenants.com Reliable Background Screening Rental History Reports Resident Research Resolve Partners, LLC SARMA Scott Roberts & Associates, LLC StarPoint Screening Tenant Screening USA Trans Union Rental Screening Solutions TVS Tenant Verification Service, Inc. US Real Estate Investors Assoc. Western Reporting, Inc. Current Designation Candidates RMP® CANDIDACY Melanie Adrian Raul Aleman Alana Alger Shelley Alterman Christian Amacker Joseph Amatangelo Jennifer Bajema Ronda Banks Tom Barron Evlyn Berge Devin Bewley Lindsey Blackburn Scott Bolin Jason Born Aaron Bosshardt Kaye Bradford Ned Brandenberger Nicole Brown Tammy Bryant Richard Burton Melanie Butler Jaime Caballero Elias Camhi Terri Clair Barbara Clark Derek Clark Marcia Clemendor Laura Cleyman Danielle Coke Michael Collins Robert Collins Sanford Collins Christopher Cossitor Daniel Craney Joanie Cullity Denise Day Kendra Dazey BJ Deal Deborah Deckard Joe Deulloa Ronald Dickerson Chris Dougal Charlene Dufresne John M. Durham Evey Edwards Rich Elias Jason Evans Jennifer Evans Lisa Fairlie Jackelyne Ferreira Patricia Ferrier Robert J. Ferrier Curt Fluegel Michelle Fox Thad Gantt John Garcia Barry Garner Thomas Gaspari Mike Giallanza J. Mario Gonzalez Larry Gray Sherry Hallmark Joe Haney Colleen Harding John Hashem Desiree Hastey Marshall Henson Ron Herdt Bryan Jenkins Ben Kincel Lindsey Kinzer Stephen Kitrell Gary Knippa Leola Lamb Joelle Larson Matthew Ledingham Melanie Ledingham Dandan Lee Chris Littleton Shelly Longoria Tina Lopez Shon Lorg Chris Lundstrom Nola Lusk Nancy Marks William Martin Dax Marutzky Andrea Mayer Sherri Mayes Melissa McCall Owen Jason McGuire Stacey McKay Keefe McSweeney Nickolas Meer Kristine Mendez Patricia Middleton Denny Miller Cindy Minion Tatiana Montez Lois Moore Thomas Neal Christina Nelson Francisco Nieves-Taranto Jennifer Noland Michele Odems Rebecca Panacci Kristy Paredes Luana Patterson Nichole Peterman Jana Pickett Dora Pinter Mary Pinto Ellen Purdy Gaston Reboredo Maily Roberts-Jacobs Suzanne Rodini-Silverburg Dena Rodrigues Michele Rogers Tressa Rossi John Rudulph Mindy Russell Sherri Russell Debbie Sanderson Lisa Saunders Christine Savoie Hensley Scott Steve Shugarts Alisha Sill Bonnye Sirk Annette Slater Christy Smith Ronnah Stabenow Kyle Stephenson Charlotte Stewart David Swaim Phyllis Sweazy Erlin Taylor Cynthia Thomas Lola Traylor Amanda Trent Chris Turner Russ VandenToorn Timothy VandenToorn Eric Wetherington Jennifer Whaley Jamie Williams Jamie L. Williams Misty Withers Trevor Wood Ann Yueh MPM® CANDIDACY Eric Bessett, RMP® Angela Brinkley-Morris, RMP® Sherrie Featherly, RMP® Kathleen Gaspari, RMP® Bob Gunson, RMP® Danny Harlow, RMP® Debbie Henry, RMP® Trudy Hoff, RMP® Kirk McGary, RMP® Jock McNeill, RMP® Deanna Hansen, RMP® Primrose Leong-Nakamoto, RMP® Leesa Rispoli, RMP® Sherri Russell, RMP® Mary Sheffield, RMP® Ron Wills, RMP® Megan Zellers, RMP® CSS® CANDIDACY Cameron Bither Oralia Bustos Barbara Dull Christen Escobedo David Kane Shannon Morgan Jennifer Rhoads Dezaray Riley Marcie Turner CMC CERTIFICATION Tara Pecora CRMC® Candidates Dodson Property Management, Dennis Dodson, MPM® RMP® GDAA Property Management, Greg Doering, MPM® RMP® Hampton & Hampton Management & Leasing, Kim Meredith-Hampton, MPM® RMP® Real-Time Leasing, LLC, Deborah Newell, MPM® RMP® Sulthar Properties, LLC, Mohamed Sulthar, MPM® RMP® Specialized Property Management, Inc., Tony Sims, MPM® RMP® August 2014 Issue | Volume 25 | Number 8 | 29 Ambassador Program E arn rewards and ac hieve amb assador stat u s for referring new N A RPM ® memb ers Who better to spread the word of the benefits of NARPM® than its members? To achieve Ambassador status, you must refer five new members in one year. You will then receive an award certificate* and a $200 NARPM® credit that can be used toward your annual dues, upcoming events, education classes, and more! You can earn multiple award certificates in a 12-month period, so be sure you continue referring new members, even after you have achieved Ambassador status. 1.Contact NARPM® National for membership application brochures. Upon request, National can mail the application directly to the prospective member. 2.The 12-month period to obtain five new members starts the day the first application is processed. 3.When the fifth application is received, an award certificate* will be issued and dated. A $200 NARPM® credit will also be issued. *Certificates are non-transferable. 2014 Ambassadors Shelley Alterman Brian Birdy, MPM® RMP® Gregg Birdy, RMP® Mike Collins Dennis K. Dodson, II, MPM® RMP® J. Mario Gonzalez Don Hendricks, RMP® Jennifer Herman Mark Kreditor, MPM® RMP® Glenn D. Lehman Donna Littleton Denny Miller Maria Napolitano, RMP® Dawn Ostovich, RMP® Lisa Saunders Lynn Sedlack, MPM® RMP® Jennifer Stoops, RMP® Sandra Thomas, RMP® Traci Lewis VanCamp, MPM® RMP® May 30 - June 25, 2014 Referring Member Shelley Alterman Shelley Alterman Shelley Alterman Shelley Alterman Shelley Alterman Paul Arrington, MPM® RMP® Brad Bonnifield Mike Collins Mike Collins Mike Collins Mike Collins Mike Collins Dodi D’Alessio Lori Gill J. Mario Gonzalez J. Mario Gonzalez J. Mario Gonzalez J. Mario Gonzalez J. Mario Gonzalez Shelby Heinemann Alan Lam, R Debbie Lewis New member Betty Kinyon Nelson Ortega John Snyder Chase Strickland Cary Wilkinson Alex Roman Tanya Roman Sandra DeAngelis Daniel Gurzi Al Knoepfel David Longobardo Barbara Lynn Charles D’Alessio Kristin Gill RonaldHarris John Jackiewicz George Mackoul Wendy Rodgers Debra Wingo David Branham Angie Ho Elaine Gary Referring Member Barbara McMasters, RMP® Kandy Meehan, RMP® Betsy Morgan, MPM® RMP® Maria Napolitano, RMP® Maria Napolitano, RMP® Kathy Odell Dawn Ostovich, RMP® Dawn Ostovich, RMP® Dawn Ostovich, RMP® Dawn Ostovich, RMP® Orlando Perez Craig Richey Mindy Russell David Sigler Jennifer Steward Renata Stinson Luke Street Sandra Thomas, RMP® Sandra Thomas, RMP® Dusty Woodstock, RMP® Dusty Woodstock, RMP® How can 5=200? All the information you need is at http://www.narpm.org/ join/ or you can scan the QR code at right with your smartphone or tablet using a QR code reader app. Data: 30 | August 2014 Issue | Volume 25 | Number 8 New member Victor Vazquez Carrie Meehan James Clark Darcie Englert Edwin Ramos Barbara McKenzie Diann Haubner Jose Chow Anne Texier-Fabri Ruben Triana Greg Traub Mike Ragen Kelly Peterson James Garcia Rebecca Winkelmann Debra Abraham Amy Buker Ashley Hawks Anna Hensley Sheryl Messamer April Tauzin ECC: BENCHMARK Size: h August 2014 Issue | Volume 25 | Number 8 | 31 NARPM® 638 Independence Parkway, Suite 100 Chesapeake, VA 23320 32 | August 2014 Issue | Volume 25 | Number 8
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