RESIDENTIALResource
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RESIDENTIALResource THE OFFICIAL MONTHLY NEWS MAGAZINE OF THE NATIONAL ASSOCIATION OF RESIDENTIAL PROPERTY MANAGERS Into the Sunset sailing on Vermont’s Lake Champlain November 2006 This issue features... How to Grow Your Business and Increase Profits It’s Time to Cherry Pick or The Great Land Grab Handling Tenant Requests for Upgrades to Rental Houses 3 Important Steps for a Positive and Profitable Employee Review Top 10 Management Clauses SUPPORTING THE PROFESSIONAL AND ETHICAL PRACTICES OF RENTAL HOME MANAGEMENT THROUGH NETWORKING, EDUCATION, AND CERTIFICATION November 2006 Residential Resource | 1 2 | November 2006 Residential Resource In This Issue November 2006 Monthly Columns 5 President’s Message 20 Strong Chapter Tip #17 6 From the Desk of the Executive Director 23 Welcome New Members 26 Ambassador Program 11 You Make the Ethics Call 16 Windows 101 Feature Articles 7 How to Grow Your Business and Increase Profits 8 It’s Time to Cherry Pick or The Great Land Grab Chris Warren gives us five great ways to make sure our property management company is at the top of its game. Are you the one out of three NARPM members that does not own a rental property for yourself? Do not wait until you are 70, now is the time to buy! 10 Handling Tenant Requests for Upgrades to Rental Houses Should you approve that request for a new fence or a wider driveway? Rob Massey, Jr., CPM® gives us a few questions to ask ourselves before making the decision. 12 Should You Allow a Tenant to Run a Daycare Business at Your Property? Robert Cain urges you to think twice before allowing a tenant to start up a daycare business. It may cost you more than you know. 16 First-Hand Fax Act Experience There has been a lot of buzz lately about the Junk Fax Act. Read about a NARPM member’s recent run-in with the new law. 17 3 Important Steps for a Positive and Profitable Employee Review How do you handle employee reviews? The Coach is here to help during this critical time that reflects on your leadership skills and your company. 18 Top 10 Management Clauses Inspired after attending the 2006 Leadership Symposium, Carole Davis wanted to make sure she wasn’t missing out on any important property management clauses. And she wants to make sure you don’t either. NARPM HEADQUARTERS Executive Director: Gail Phillips 184 Business Park Drive, Suite 200-P Virginia Beach, VA 23462 Editor: Betty Fletcher, MPM® Tel: 800-782-3452 toll free E-mail: editorialchair@narpm.org Internet: www.narpm.org The Residential Resource is a publication designed and created for the members of the National Association of Residential Property Managers by Organization Management Group, Inc., 184 Business Park Drive, Suite 200-P, Virginia Beach, VA 23462; 800-782-3452. Copyright © 2006. All rights reserved. Reproduction in whole or in part is allowed only upon permission from the publisher. Opinions of the authors are not necessarily those 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 and its staff assume no responsibility for ads or statements in the publication. NARPM does not endorse any advertising in this publication. All readers are responsible for their own investigation and use of any products advertised in the Residential Resource. NARPM members receive the Residential Resource as part of the annual dues; subscriptions are available for $195. Items for publication cannot be returned. Articles can be submitted by sending a Word attachment to editorialchair@narpm.org. Address changes may be forwarded to NARPM Headquarters at the address listed above. The publisher and editor reserve the right to edit or refuse all publications for content and selection. November 2006 Residential Resource | 3 More than 90% of renters use the Internet to research rental housing. Are you where renters are? RentalHomesPlus targets renters specifically looking for single family home, townhouse and duplex rental properties. Powered by Apartments.com, RentalHomesPlus offers renters free searches of a national database of rental homes. In addition, the site provides property owners & managers with a valuable and cost-effective resource for advertising vacancies. Advertise your properties with RentalHomesPlus and get: • Exposure - Millions of renters are exposed to RentalHomesPlus listings • Experience - We've been in the business of driving qualified leads to all types of properties for years • Value - Advertising your property online is a cost effective way to reach renters Start your listing today! Contact: (866) 399-4944 sales@rentalhomesplus.com www.rentalhomesplus.com 2006 PLATINUM SPONSOR, NATIONAL CONVENTION 4 | November 2006 Residential Resource OFFICERS From the President More than 380 members, vendors, and others gathered in Burlington, Vermont this September, for NARPM’s 18th Annual Convention and Trade Show. We welcomed attendees from around the country and the world, including one from Toronto, Canada; several from Hawaii and Australia; and our first from Bermuda. Sixty first-time attendees participated. For all, it was an enlightening and enlivening experience—a rousing success. Behind this success were the efforts of Wendell Davis, MPM®, Convention Chair; the Convention Committee members; and our management company, OMG, especially Carla Earnest, Event Planner; Gail Phillips, CAE, Executive Director; and Cher Leadbeater, Administrative Assistant. Please join me in extending praise and thanks to them. This team brought the 2006 theme, “Spread the Knowledge,” alive, with the perfect mix of activities to help us advance our professionalism: committee meetings, networking, certification classes, workshops, and the trade show. Rounding out this invigorating program were the general speakers: Ladonna Gatlin, Cam Marston, Steve Oniki, Jamie Gregory, and NARPM’s own Mark Kreditor, MPM®. Adding to our pleasure were enriching conversations with colleagues, old and new, and the special events. At least 70 of us spent a brisk, sunny afternoon on the President’s Tour and Lunch Cruise on Lake Champlain, regaling one another with hilarious tales in the game: “I Thought I Had Heard It All”—prizes went to the three funniest tales. The Autumn Glory Gala was a distinct delight. For the next several months, our energy and efforts will be focused on planning the 2007 Leadership Symposium, to be held February 8th & 9th at the Holiday Inn in Chesapeake, Virginia. This year the leadership training will focus on creating and building strong chapters. All members interested in learning more about leadership are welcome; attending is crucial for committee members and chairs, chapter leaders, and officers. By the way, this is a great time to begin planning your trip. You may also wish to attend the one-day NARPM Leadership Training session at the Northwest Regional Conference on March 23rd at the Doubletree Guest Suites in Seattle, Washington. Moreover, be sure to save the dates for next year’s convention and trade show—September 26-29, 2007—to be held in Scottsdale, Arizona. While much remains to be done, NARPM is working in harmony with its mission and making steady progress toward meeting the goals of the Strategic Plan. An increasing membership—from 1,854 professional members in April to 1,987 as of August—is a clear sign. I am confident that NARPM will continue along this path. At this year’s convention and in my travels to state and regional chapters over the course of this year, I met many articulate and bright members who are eager to “Spread the Knowledge” about our great association and willing to commit their time and energy to make it even better. Wishing you all a warm and wonderful Thanksgiving, Rose Thomas, MPM® President rose.thomas@pmpbiz.com 301-694-6900 x1001 Sylvia Hill, CPM® MPM® President-Elect Bylaws Chair Strategic Plan Oversight Chair sylvia@hmsdev.com 408-997-7100 x104 Erika K. Green, MPM® Secretary erika@questps.com 817-763-9696 x101 Betty Fletcher, MPM® Treasurer Editorial Chair Finance Chair betty@fletcherpm.com 501-907-7091 x101 Marc Banner, MPM® Past President Nominations Chair mbanner@cableone.net 208-377-8889 DIRECTORS Greg Fedro, MPM® Certification Chair greg.fedro@recar-realtors.com 512-345-9886 Harold Kalles, MPM® Website Chair harold@KallesProperties.com 253-848-9393 Mary M. Love, MPM® marylove@hawaii.rr.com 808-329-4813 Peter C. Meer, MPM® Education Chair meerandco@aol.com 303-332-1550 Fred Thompson, RMP® fred@orlrent.com 407-571-3650 COMMITTEE CHAIRS Susan Albern, MPM® Membership Committee susan@rmpm.com 970-669-0842 Eddie Davis, MPM® 2006 Leadership Symposium Committee fasted7@airmail.net 214-956-8888 Wendell Davis, MPM® Convention Committee wendelld04@aol.com 904-899-6800 Christopher Hermanski, MPM® Long Range Committee chermanski@mainlander.com 503-343-0141 Rose G. Thomas, MPM® 2006 NARPM President Mark Kreditor, MPM® Professional Standards Committee mark@gtfrealty.com 214-522-5700 Kandy Meehan, RMP® Affiliate Committee kandy@home4rent.com 913-469-6633 Jim Reimer, MPM® Legislative Committee jim@mgmtoneinc.com 208-375-3400 Robert Winger, MPM® Marketing Committee robertw@sacramentorentals.com 916-446-6663 x103 November 2006 Residential Resource | 5 One year ago, in Salt Lake City, NARPM hired our company, Organization Management Group. I am writing this article to give you a report on how excited our company is to have NARPM as our client. In the past year I have watched NARPM change and grow. I worked with the Board of Directors as a team and we came up with wonderful new initiatives that will help NARPM prosper while supporting the members and chapters. We followed the advice from a book I found called The Perfect Board, and each meeting we were reminded of how NARPM leadership can work together towards having that perfect board. e h t m Fro f o k s De t he e v i t u c Exe r o t c e Di r One of the first initiatives that the Board and Membership Committee embraced was the concept of Chapter Certification. We know there are chapters that need help, but we do not always know who they are and how they need assistance. With this new process we can try and lend a hand to a chapter that wants to be helped. It may mean that this time next year, NARPM will have decertified a few chapters, but not without putting forth an effort to try and rebuild those chapters who want to prosper. The NARPM leadership is committed to helping build stronger chapters, so this is a work in progress. The consensus of the leadership was to start the restructuring of NARPM so it can better service its members and chapters in the future. Another change that was adopted involved directors serving as Regional Vice Presidents. These individuals will be your conduits to the Board of Directors. They will be your ears and your voice. They will represent your region and the members in it. They will assist in helping chapters grow, along with the Member Services Committe and the OMG Management Team. You have already heard a little about the restructuring of the leadership training. In 2007, you will have the choice of attending the training session that is closest to you. The Leadership Symposium, set to take place in February, has been condensed to oneday of leadership training and a half-day of committee meetings. Afterwards, NARPM will also hold a one-day leadership training session in Washington state in March that will kick off the Northwest Regional Conference. Pick the session you wish to attend and watch for more details to be published on www.narpm.org. One of the final major initiatives was the committee restructuring. A workgroup was appointed that enabled me to work with some of NARPM’s past presidents, who are true visionaries of the industry. Today, thanks to the efforts of this workgroup, we can announce that NARPM will now have seven working committees. Each will have one chair and several vice-chairs to carry out assigned tasks, which should lead to improved communications throughout the entire association. Make sure you get involved in this new structure! You may log on to www.narpm.org to read more on the new committees and their duties. Speaking of communications, hopefully you are reading the Leadership Report that is emailed out at the end of each month. This is my personal electronic newsletter to you, the member, to keep everyone informed on what is happening throughout NARPM. If you are not receiving this report please email us at info@narpm.org. I cannot thank those of you enough who have helped educate our company on NARPM. We have a management team that I am proud to have helping me with NARPM. We work well together to take care of servicing you, the member. Sincerely, Gail S. Phillips, CAE Executive Director 6 | November 2006 Residential Resource How to Grow Your Business and increase profits! by Chris Warren “it is better to provide outstanding service...” I s your business growing and maintaining profitability? Are you retaining the business you have? Have you recently lost any business? Are your owners satisfied with the services you are providing them? If so, are they referring business to your company? Do you have a business plan to grow your business? These are all questions every property manager should ask themselves. You will be a step above your competition and will grow your business and increase profits by providing outstanding service, focusing on a marketing strategy, pricing your properties competitively, partnering with REALTORS®, and embracing technology to increase efficiencies. It amazes me how many times a tenant calls our office and they are thankful for us simply answering the phone. Prospective tenants are frustrated because their calls have not been returned. This may sound silly but it happens all of the time. We lease properties very quickly because we are very responsive to all email and telephone inquiries. We also run weekend ads with our cell phones. Tenants prefer to speak to someone and may not leave a voice mail at the office. Our goal is to setup an appointment to show the property to every qualified prospective tenant. After discussing the features of the property and qualifying the tenant, we ask if they would like to schedule an appointment to see the property. Tenants want the best home, in the best neighborhood, at the best price. Tenants usually stop their search once they find the first property that meets their needs. The first property manger that answers the phone and shows a property meeting these requirements will lease the property. One of the best ways to retain current clients and grow your business is to focus on a marketing strategy. Our company only markets properties within 15 miles of our office. Focusing on a specific area creates efficiencies. Lower fuel costs and shorter commutes reduce overhead, and we are able to quickly show properties to prospective tenants. We bill multiple owners for running a single newspaper ad by consolidating several properties in a single ad for the same area. We believe it is better to provide outstanding service and focus on our specific area than risk taking on a property outside of our area that may result in poor service. We do get calls from owners that have properties outside our area. We prefer to partner with another NARPM property manager and get a referral fee. That same property manager may send our company a referral for our territory. In the end, the owner will appreciate your thinking of what is in their best interest, and they may refer you future business that is in your marketing area. The most important result of focusing on a specific geography is leverage. Because most of our properties are in the same area, we frequently get calls on a home that was just leased. We take that same prospective tenant or REALTOR® call and provide them information for a similar property a few blocks away or one subdivision away. It is not uncommon for our company to lease another home to that same prospective tenant without even putting a sign on the property. Our owners are delighted when we can immediately lease a home within a few days of signing the management agreement. This maximizes profits for the owner and builds trust in our company. Leasing and focusing on a specific area will help you retain and generate new business. Our owners send us new business every month because they are happy with the services we provide them. We exceed their expectations with the services we provide. We also partner with local REALTORS® who work with investors. These REALTORS® want to sell more homes to their investor clients. Partnering with a good property manager will create more sales transactions for the selling agent and more business for the property manager. REALTORS® need your help and want to sell more properties. Leverage those relations --- continued on page 15 November 2006 Residential Resource | 7 It’s Time to Cherry Pick or The Great Land Grab! by Chuck Warren, RMP® A re you one of the many property managers that does not own any of the rental properties you manage? Odds are, you are. If I were in Las Vegas right now, I would put money on a bet that says one out of three NARPM property managers do not own a single rental property for themselves. In a 1995 survey by Thomas J. Stanley, Ph.D and William D. Danko, Ph.D, co-editors of the best selling book The Millionaire Next Door, they revealed only 8.4 percent of all American households owned one or more rental properties. I give property managers like us little better odds. Now is the time to begin buying your first rental property, or more of them if you already have some. The “Great Land Grab” is already beginning in many of our markets. Home sales are slowing as many people are renting due to higher sales prices and interest rates. Now is the time. Begin to watch your market since school has begun; you will see sellers just wishing you would come along and buy their home at a discount since they missed the best selling market in the summer. The more winter sets in, the more they may wel- come your purchase with a bigger discount. But we all know these things. What we do not know is why we always keep waiting and never start buying. It cannot be because we are afraid we may not get it rented. Are you kidding me? Who knows how to get a home rented better than you? Let us look at how we make a living. Do you make a living only from managing properties and running a business for others? If so, this is akin to keeping all your cherries in one bowl isn’t it? “This is the field you know best and could buy, sell, hold, trade, and make profits with your eyes closed.” Your everyday life and business can keep you from investing in stocks, gold, antique cars, coins, bonds, and IRA’s. Just the same, it may keep you from investing in something right at your fingertips—real estate and rental property. This is the field you know best and could buy, sell, hold, trade, and make profits with your eyes closed. Imagine what would happen if you did it with your eyes open. Let us give it a try: 8 | November 2006 Residential Resource We help our owners sell their rental properties every day and cash out with thousands of dollars of equity that has increased by holding the properties for some amount of time. After paying taxes of 15-25 percent, they still have lots of profit to buy more rental homes, pay off bills, or go on vacation. What is so hard about that? You just have to have one to do it! We help our owners with 1031 tax deferred exchanges where they pay no tax on their profits if they buy up to a bigger rental property or two to three more rental properties in the same transaction. We all know that if you bought a “dog” of a rental property, you could get rid of it in this fashion and start over with a better one through the trade. You just have to have one to do it! Once you own a rental property and keep it for some time, you can extract the cash you put into it by re-financing and put the money back in your pocket “tax-free”, and you still own the property. You just have to have one to do it! Since rents will keep going up over the years and you will still have this rental property, you will finally have positive cash flow, too. “I am not waiting to see all the places the world has to offer from behind my walker at the age of 70...” If you buy a rental home every year, or at least every other year, you would soon have a portfolio you can start to live off of. When you are ready to retire, move out of your current primary residence and into one of you rental homes. Sell the primary home that you just moved out of, and have lived in for several years, and take all the profit out—up to $250,000 or up to $500,000 if the home was held in title with a spouse or another person. All this profit is yours tax-free. Wow, ever made that much money tax-free working in your business? Now, flash forward a bit. Remember all those rentals you have bought over the last 10 or 15 years, one of which you are living in right now? Just shampoo, rinse, and repeat! Whoops, I mean, after two years in this rental home as your primary residence, sell it and take all the profit again tax-free just like above. So much for working anymore. Your job would be just to move every two years and sell your house. Be careful if you move into one of your rentals you just acquired as a trade. Some tax accountants say you have to live at a property for three years or more and pay a small recapture tax if you sell it in that time frame. What else do you have going on for your retirement? I know you did not just say social security. And I bet you have already sold all of those antique cars and spent that money. Wait a second, why wait until you retire to start this process? Do it now. Retire at 50 or 55 and sell the business to those youngsters. You just have to have one to do it! There is money in rental properties and it is not in just managing them for other people. Shades of Rio, Australia, and Cabo San Lucas dance in my head. I am not waiting to see all the places the world has to offer from behind my walker at the age of 70 because I did not have a little extra money at 45 or 50. Make it a goal to buy at least two rental properties for your portfolio before I meet you in H you in Hawaii at the 2008 NARPM National Convention. See you there! ______________________________________ Chuck Warren, RMP® is 2006 Vice Chair of the Membership Committee. He lives in Virginia Beach, Virginia, working as Property Management Director for Realty World Hampton Roads. Chuck specializes in higher end rental homes and investors. He may be contacted by email at Chuck@RentalHomesUSA.com November 2006 Residential Resource | 9 Handling Tenant Requests for Upgrades to Rental Houses by Rob Massey, Jr., CPM O ver the years I have received many requests by residents for various improvements to rental houses and apartments. Some of the requests have been for fencing, electric garage door openers, ceiling fans, alarm systems, dog runs, extra landscaping, added insulation, the widening of driveways, new interior painting, carpet cleaning, deadbolt locks, etc. It is difficult to give quick answers to such requests when representing a number of different owners since each has their own separate way of thinking. Most of my owner/ clients heavily rely on my advice for how to handle situations including these appeals by residents. So if the cost to the owner is under my spending limit then I simply make a decision using my best judgment, taking into consideration the questions listed below. On the other hand, if it is over the limit then I ask myself the following questions and then refer my recommendations to the owner for a decision. • • • Is this suggested improvement something from which future residents will benefit? Does this improvement add either rental value or property value to the rental house? Will I want this upgrade to remain with the property after the resident has va- • cated? If not, can the property be easily restored to its original condition? Is this something that should have already been provided? In cases where the answers to the first three questions are yes, I have always encouraged owners to offer to reimburse the resident for half of the cost, with the understanding that the improvement remains with the property upon the tenants’ vacating. For the owner, it is a method to improve their property for 50 percent off the normal price and keep a resident happy. Most residents will go along with this plan. If we would not want the improvement to remain with the property for subsequent occupancies, in some cases I simply tell the resident that they can make the change provided they restore the property to its original condition prior to vacating. In these cases I have them sign an addendum to the lease agreeing to these terms. If the cost to restore is significant, I require an extra deposit approximately equal to the cost of restoration at the time of the signing of the addendum. This usually results in the tenant withdrawing the request. We usually agree to painting and carpet cleaning requests provided he or she has lived in their unit for a minimum of three 10 | November 2006 Residential Resource years and has renewed their lease for another year. Any less often is considered but the cost is pro-rated based on a three-year plan for free, but a renewal for another year must be signed in any case. Finally, if the request is reasonable and it is something that we should have provided in the first place (and was somehow overlooked), then I usually express that to the owner in hopes that they will simply provide the funds needed to make the change at no charge to the resident. Improvement requests to rental property can sometimes present an opportunity to upgrade a property for a substantial discount and keep a resident happy. Carefully considering the best course of action will benefit your owner and will add value to your services. ______________________________________ Rob Massey Jr., CPM, has served as a local president for NARPM, the Institute of Real Estate Management, and the Apartment Association in his hometown of Louisville, KY. He has taught several property management classes and managed nearly 1,000 apartments and houses before scaling back his property management company to pursue the national Internet listing service he founded known as RentalHouses.com. You Make the Ethics Call by Rick Ebert, MPM® Case Six Property Manager A enters into a lease listing agreement to find a tenant for Investors B’s home at a rental rate of $1,000 per month. Property Manager A finds a suitable renter for the property at $900 per month and calls Investor B with the information. Investor B states to Property Manager A to verify the applicant’s application data. While verifying the rental application data, Property Manager A receives a full price offer on the home from Leasing Agent C who works for a different office. Property Manager A informs Leasing Agent C that she is already working on an application and refuses to consider the new application. Leasing Agent C files an ethics complaint During the ethics hearing the property manager’s defense in not submitting the second offer is that there was no state law requiring her to do so, and that the lease listing agreement does not mandate that all offers be tendered to the owner for consideration. Ask Yourself How do these kinds of comments and actions reflect upon our industry? What would you do differently, if anything? Would the property manager’s actions and comments be an ethics violation? ? ? You Made the Call Simply because the lease listing agreement is silent as to the tendering of subsequent offers, it does not relieve the property manager from presenting subsequent offers to the owner. If subsequent offers are not to be presented once an application has been accepted for processing, that fact needs to be noted in the lease listing agreement. Article 3 states, “The Property Manager has a fiduciary responsibility to the Client and shall at all times act in the best interests of the Client.” __________________________________________________________ Rick Ebert, MPM® is owner-manager of Austin Landmark Property Services, Inc. CRMC® in Austin, Texas. Rick is a founding member of NARPM. Hmmm... • Why do we press harder on a remote control when we know the batteries are getting weak? • If people evolved from apes, why are there still apes? • Why do kids get suspended from school when they were skipping in the first place? • Why is it that no matter what color bubble bath you use the bubbles are always white? • Why does Superman stop bullets with his chest, but ducks when you throw a revolver at him? • Is there ever a day that mattresses are not on sale? November 2006 Residential Resource | 11 Should you allow a tenant to run a Daycare Business at your property? by Robert L. Cain Y ou need to be extremely careful, think hard, and get good legal advice before you allow a tenant to run a daycare business at your rental property. In lawsuit-happy America, anything that goes awry results in a lawsuit against the person most able to pay, not necessarily the one who was at fault. In this case, that person could be you, the owner of the property, not the tenant. Accidents should be one of your biggest concerns. Houses that care for children need to be retrofitted to avoid them. You would almost need to inspect the house yourself to be sure that there are no accidents waiting to happen. Even then you might not have spotted them all. Check the Internet so see if there is information about setting up daycare and preschools. One website that could provide the information you need is www.startadaycare.net. You will also need to get information about what, if any, businesses are allowed in residences and what permits are required. Check with the city attorney or building department to get the answers you need. The failure of your tenant to have the right licenses and permits would increase your liability should a problem arise or a child be injured in the business. 12 | November 2006 Residential Resource Your tenant also needs to have complete liability insurance, possibly with you named as a loss payee, in the event there was any lawsuit against you. Make sure you have a large umbrella policy to cover your liability. Ask your insurance agent for some ideas on how much you need to have. Your first duty is to yourself, not the tenant. Err on the side of caution. You need to take the responsibility to see that the property is free from hazards. Most important, if you do not feel completely at ease having your tenant run a daycare business out of your rental property, do not allow it. ________________________________________________________ Copyright © 2006 Cain Publications, Inc., used by permission. Robert L. Cain is a nationally-recognized speaker and writer on property management and real estate issues. For a free sample copy of the Rental Property Reporter or Northwest Landlord call 800-654-5456 or visit the website at www.rentalprop.com. n o g M S I n i L A s N u c O I o S F ES F O PR at the 2007 Leadership Symposium February 8th & 9th, Holiday Inn, Chesapeake, VA Come strengthen your leadership skills with specialized NARPM training focusing on creating and maintaining strong chapters. The schedule includes Board and Committee meetings on the 8th and Leadership Training on the 9th. Holiday Inn, 725 Woodlake Drive, Chesapeake, VA 23320 Front Desk: (757) 523-1500 | Fax: (757) 523-0638 Special NARPM room rate is only $89 per night. Don’t wait to make your reservations, call the hotel or check it out online at http://www. ichotelsgroup.com/h/d/hi/1/en/hotel/orfch?_requestid=703216. NARPM Leadership Training with the Northwest Regional Conference March 23rd, Doubletree Guest Suites Doubletree Guest Suites Seattle Airport/Southcenter 16500 Southcenter Parkway, Seattle, WA 98188-3388 Front Desk: (206) 575-8220 | Fax: (206) 575-4743 Special NARPM room rate is only $109 per night. To make your reservation call the hotel or log on to their website at http://www. doubletree.com/en/dt/hotels/index.jhtml?ctyhocn=SEASPDT. NARPM: 184 Business Park Drive, #200P, Virginia Beach, VA 23462 | P: 800-782-3452 | F: 866-466-2776 www.narpm.org | info@narpm.org November 2006 Residential Resource | 13 Come Discover Arizona! at the 19th Annual Convention and Trade Show nISM o g sin AL N u c O I o S F OFES PR September 26-29 Caleo Resort Scottsdale, AZ Next year NARPM is going to sunny Arizona. Start looking forward to and planning for an excellent lineup of speakers, education classes, and workshops. There will also be something for every NARPM member to enjoy with all of the great things to do while visiting, from playing a round of golf at one of the many nearby courses to relaxing at the local spa. Log onto www.scottsdalecvb.com and www.caleoresort.com to catch a glimpse of the breathtaking 2007 Convention location. Don’t forget to check www.narpm.org for the latest updates! 14 | November 2006 Residential Resource to increase your business and partner with those REALTORS® who work with investors in your marketing area. Pricing your owner’s property competitively will ensure a quick lease. We set expectations up front with our owners. Our strategy is to offer the best home, in the best neighborhood, at the best price. If there is a 3-2-2 advertised in the newspaper for $1,025 and another property priced at $995 with similar features and square footage, which property is the prospective tenant going to call on first? We want them to call us first. Advise your owner to price the property at the same price or slightly less than other properties. At the end of the day, will the owner really feel the difference in pricing the home $20 less than another home? Being the price leader will decrease the marketing time and minimize vacancies for your owner. Pricing the property high will create vacancies and additional overhead costs for the property manager. As property managers, we work in a highly competitive service industry. We have access to all the same tools—MLS, web sites, advertising, etc. The best way for property managers to grow their business and increase profits is to offer outstanding service to owners and tenants, develop a marketing strategy to leverage your business, price your properties competitively, partner with REALTORS® with investor relationships, and invest in technology to increase productivity. Applying these concepts will generate more business and profits for your company. ________________________________________________________ VE SH NO R IPP W SI I O NG N 7. 2 Finally, invest in technology to increase your productivity. Our office uses a digital sender to email all management and lease agreements. This eliminates postage and long distance charges. Our digital sender compresses the files into PDF or TIF files. Our owners love to receive copies via email. They can archive, save, and access files via email. You can also save your files electronically instead of in a filing cabinet overstuffed with paperwork. Invest in a phone system with voice mail and paging capabilities. Our system will automatically page us when a prospective tenant or investor leaves us a message. After we are paged, we immediately return their call. A quickly returned call is the best way to lease a property or start a relationship with a new client. Increasing productivity and exceeding your client’s or tenant’s expectations will only generate more business for your company. Chris Warren is the broker/owner of Chris Warren Realty and SmartSource Realty. He is a licensed loan officer with over 13 years experience in real estate sales, leasing, and property management. Chris currently manages about 130 properties. He can be contacted by email at chris@smartsourcerealty.com or visit his company websites at www.smartsourcerealty. com or www.warrenrealty.com. 6 November 2006 Residential Resource | 15 Windows 101 Keeping your home’s windows in shape can close the door on high energy bills but allow fresh air to circulate and reduce air pollutants. Try these tips: • • • Sticking Windows: If a window is stuck, try pushing around the edges of the sash frame to loosen it before opening. Lubricating the channels with paraffin may help make them move more easily in the future. In casement windows, the hardware could be corroded and may need to be removed for cleaning. Paint Job: If windows are closed too soon after painting they become bonded to the frame. A slim knife inserted through the paint bond may free the window. Replacements: If windows are outdated or not functioning, replacement units are readily available. A replacement window has no casing around its exterior edge, permitting it to be inserted from inside the home without disturbing the exterior finish of the structure. The above tips were offered by experts at HouseMaster, leaders in the home inspection industry. To learn more about windows and other areas of home maintenance, visit www.housemaster.com/homedefects. First-Hand Fax Act Experience I n late June I received a call from one of our committee chairs regarding a communication he had just received from a local law firm. The communication stated the firm’s intent to file suit against our chapter for the chapter sending a supposed unsolicited fax to an affiliate member of the chapter. We were offered the opportunity to settle at once for the sum of $2,000, or threatened with litigation for treble damages plus fees and costs in the amount of over three times this amount. Further investigation revealed that the affiliate in question had been having problems with “junk faxes,” and had employed a company by the name of U.S. Fax Law Center, Inc. to monitor and prosecute anyone sending their company an unwarranted fax. Somehow we were singled out by the firm monitoring the fax transmissions as someone sending junk faxes, even though we have a standing business relationship with this affiliate. Fortunately we have been able to avoid litigation at this point. This sounded like a “shake-down” to me. I was troubled that an affiliate would attempt to make trouble for us, particularly since the fax in question turned out to be an invitation to last year’s holiday party. LESSON LEARNED There are law firms out there looking to make a quick buck, and laws such as the Telephone Consumer Protection Act, while enacted to solve real problems in this area, provide an opportunity for such 16 | November 2006 Residential Resource firms to prey on unsuspecting people who may attempt to communicate with others by fax. Be sure that you have an established business relationship with any business that you plan to communicate with by fax. You may have to defend your decision in court. 3 Important Steps for a Positive and Profitable Employee Review Can employee reviews really be positive and profitable? You bet! Follow the steps in this article and the changes in your property management company will be felt immediately. How you and your company handle each employee review is a direct reflection of your leadership and the importance of each individual within your property management company. PREPARING FOR EACH REVIEW Start by establishing the frequency and time frame for your company employee reviews and be certain this is outlined in your administrative guidelines and employee manual. If each review is tied to a person’s anniversary date, keeping track of employee review schedules can be a challenge. Consider doing all reviews during two months of the year, for instance—November and May. Each of your managers should be given a blank copy of the review form required by your property management company, and a list of their team members, who are scheduled for a review. Instruct your managers/supervisors to prepare each review in a typed format, as this makes it easy to read and looks more professional when being presented. Lastly, ask each of your managers to give you a copy of their final review notes, prior to it being formally presented. This gives you an opportunity to assess the quality of the work being done by each of your managers/supervisors and gives you a window for making any changes. Tip From The Coach: In the same way you give a blank copy of the employee review form to your managers/supervisors, give a blank copy of the review form to each person being reviewed. This will give your employees an opportunity to make notes about their performance, prior to each performance review. This step is critical because it allows each of your managers to “see” the gap between their point of view versus their employees’ point of view. This gap is exactly where the best coaching can be done to improve the performance of each person on your property management team. CONDUCTING EACH REVIEW Since your manager and your employee will both be well prepared for this review, the exchange of ideas and the depth of feedback will make for a rich and rewarding meeting. The review should start by having your + by Ernest F. Oriente, The Coach manager explain how each person’s review is a special time for personal and professional growth and the tone for each review will be both positive and productive. Have your manager begin by reading out loud the first question, then read his/her comments about their employee. Next, their employee should read their comments out loud. After each person has read their response to the first question, then specific feedback should be given by your manager or supervisor, about how the comments are similar and a discussion about any comments that are different. This “gap” leaves room for personal and professional growth and is the perfect place to build action items to be addressed between this review and the next one. After completing the first question, have your manager continue the rest of the employee review, using this format. Tip From The Coach: This review format communicates mutual respect for each employee of your property management company, but it must go one step further. Since the feedback of each employee is important, and since you are requesting their feedback during each employee review, a salary increase must consider the comments from both your manager and your employee. This means a final decision about the size of each person’s salary increase should be given one or two days after the review is completed. If a salary increase is given at the close of each employee’s review, this says to your employee that their feedback was not important, as the salary increase had been pre-determined in advance. I know this sounds like a small point but it will make a BIG difference to those on your team. USING THE REVIEW FOR GROOMING AND GROWTH So, the review is finished and the paperwork can now be placed in the employee’s file to gather dust for the next year, right? Not a chance! Have your manager or supervisor end each employee review by first recapping all the positive comments that were shared and have them summarize each action-step required for improvement or growth. These action steps should focus on the goals and objectives for the next period and must be in alignment with the goals of your property management company. Have your manager schedule a short meeting in 30 days, to review the progress being made for each action item, as this review will become an important part of each month’s conversation between your manager and his/her employee. Then continue to use this employee review monthly until the anniversary of the next formal review. Tip From The Coach: While your manager is using this “year-round” review process, ask them to keep you posted on those who are making the most progress on their action steps. This is a good sign and a strong indicator that this person has leadership abilities and can easily be groomed for additional responsibility. As you identify these leaders in your property management company, develop a second set of action steps to accelerate this person’ career path within your company. ______________________________________ Ernest F. Oriente, The Coach, is the founder of PowerHour® a professional business coaching/recruiting service and the author of SmartMatch Alliances™. Since 1988, he has spent over 18,800 hours delivering customized training by telephone, in leadership, Internet marketing and sales for property management companies, apartment locator/corporate housing services, and multi-housing sales/service companies worldwide. Ernest can be reached by phone at 435615-8486 or by e-mail ernest@powerhour.com. November 2006 Residential Resource | 17 TOP 10 MANAGEMENT CLAUSES by Carole Davis I n January I was fortunate enought to attend the Leadership Symposium in Dallas, TX. I was inspired by Andrea Caldwell’s presentation on a property sales management clause. I wondered what other clauses that I was missing out on just because I had not experienced a conflict with an owner or had not been smart enough to come up with the solution for a conflict. That is when I came up with the idea of asking others in the business to share what they know. From experience and the experience of others in my chapter, I have compiled what I feel are my top ten management clauses. Of course, we will not discuss dollar or percentage amounts. Some of these clauses have also been modified slightly to delete company or amount references. Keep in mind that these management clauses are not appropriate for all regions and may not work for your area or your company. Management Clause #1: ACCOUNTING Management shall receive all rents and hold all security deposits and shall provide Owner a complete monthly accounting of all funds received or paid by Management under this agreement as follows: Management shall credit to Owner’s account all rents and other payments received and shall pay them from the following items in the following order: (a) commissions, charges and administrative fees of management, (b) management fees, (c) maintenance charges in the order incurred, (d) long-distance telephone charges when in excess of $___ per month, (e) any amount necessary to restore the contingency fund, then (f) balance to Owner. (submitted by Kandy Meehan, RMP®, HRS, Overland Park, KS) Management Clause #2: WHAT IS NOT COVERED BY THE MANAGEMENT FEE Owner understands that monthly inspections, representation at court hearings, rent board hearings, depositions, homeowner meetings, property tax assessment appeal hearings, insurance claim related paperwork and estimates, department of building inspection director hearings and other exceptional building related events are not covered by the monthly management fee. If Agent renders these services, Owner shall reimburse Agent for their time at the rate of $_____ per hour, with a ___hour minimum. A full accounting of billable hours will be provided to Owner. (submitted by Ray Scarabosio, MPM®, Jackson Group Property Management, San Francisco, CA) Management Clause #3: FAIR HOUSING CLAUSE Owner is acknowledging that they are aware of Federal and Local Fair Housing Laws and understands that agent will act according to their provisions. If owner should at any time request agent to disregard Fair Housing Laws AND/OR State or Local Landlord/Tenant Laws, this contract will be terminated immediately and the management fees for the balance of this contract or ($____), whichever is greater will be due upon termination. (submitted by Dave Poletti, Dave Poletti & Associates, Seattle, WA) Management Clause #4: TERMINATION CLAUSE Agent reserves the right to terminate this agreement with Thirty days written notice to Owner at any time, or, immediately with 18 | November 2006 Residential Resource written or verbal notice if in the opinion of Agent’s legal counsel, Owner’s actions or inactions are illegal, improper, or jeopardize the safety or welfare of any tenants or other persons. Agent may at its option continue to hold Owner liable for any commissions due, fees due or monies owed Agent if the tenant(s) remain in the property after such termination by Agent. (submitted by Fred Thompson, MPM®, RE/MAX 200 Realty, Winter Park, FL) Another great termination clause: The Owner shall be obligated hereunder for an initial term of one year from the commencement date set forth. In the event the Owner terminates this Agreement within the initial term, the Owner agrees to pay to the Agent an administrative fee equal to ________________ herein applied to the actual or projected rent for the Premises, or the monthly amount whichever is applicable, for the remainder of the initial term, whether or not the Premises is leased or rented. (submitted by Tony Drost, RMP®, First Rate Property Management, Inc., Boise, ID) Management Clause #5: SALE OF PROPERTY If property is listed with a Real Estate Broker for sale other than the property management company, the property management company will assist as requested/needed. Property Management Company fee will be based on $_________, minimum charge of ____. Agreement to be signed at time of listing and payable at close of escrow from listing agent’s commission. Normal property management charges shall not be billed to listing agent. (submitted by Ray Scarabosio, MPM®, Jackson Group Property Management, San Francisco, CA) Management Clause #6: PERSONAL PROPERTY Agent assumes no responsibility or management of personal property left by OWNER at PREMISES. (submitted by Tony Drost, RMP®, First Rate Property Management, Inc., Boise, ID) Management Clause #7: MAINTENANCE AND REPAIRS At AGENTS discretion, a ______ fee of gross invoices for all labor and material arranged for and contracted by AGENT for remodeling, redecoration or repair of the PREMISES may be charged. (submitted by Tony Drost, RMP®, First Rate Property Management, Inc., Boise, ID. Also submitted by Tina Bradley, RE/MAX Alliance Sales and Property Management, Virginia Beach, VA) Management shall not be responsible for the action of independent contractors hired on Owner’s behalf. Contracts or services arranged directly by the Owner without the involvement of the Management, is the sole responsibility of the Owner. (submitted by Carole Davis, Mountain ‘n’ Plains Property Management, Inc., Fort Collins, CO) Management Clause #8: SECURITY DEPOSIT Management shall maintain a separate accounting for all security deposits paid by Renter in an interest bearing account. Security deposit funds may only be used by Owner in the event a renter breaches a lease or causes damage. . . . Management shall have sole reasonable discretion to apply security deposit funds under any lease and to refund security deposit funds to any Renter and Owner shall be bound by any such decision. Management Clause #9: OWNERSHIP Owner warrants that Owner is the sole owner of the premises, or has unconditional authority to execute this Agreement on behalf of any Co-owner and that the premises are not subject to current legal action or foreclosure. Any individual Owner shall have authority to hereafter take action and enter into further agreements with Agent on behalf of all co-owners. (submitted by Tony Drost, RMP®, First Rate Property Management, Inc., Boise, ID) Management Clause #10: LIABILITY Except for the willful misconduct of Management, Owner agrees to indemnify Management against all costs, expenses, attorney’s fees, suits, liabilities, and damages from or connected with the management of the property including any liability for error of judgment, a mistake of fact of law, or for anything which Management may do or refrain from doing hereinafter. (submitted by Carole Davis, Mountain ‘n’ Plains Property Management, Inc., Fort Collins, CO) Owner agrees to indemnify, defend and hold Management harmless from all claims, investigation, and lawsuits by third parties related to the premises, and the management and leasing, whether occurring during the term of this agreement or after its termination, and from any claim or liability for damage to property, or injuries or death of any person. Agent shall not be liable for any willful neglect, abuse or damage to the premises by tenants, vandals, or others nor loss or damage to any personal property of Owner. (submitted by Tony Drost, RMP®, First Rate Property Management, Inc., Boise, ID) Some of these clauses may assist you in a stronger and happier relationship with your clients. However, always check with your attorney before adopting any new clauses in your management agreement. ________________________________________________________ Carole Davis is the Leasing Broker with Mountain ‘n’ Plains Property Management, Inc. in Fort Collins, CO. Carole presently serves as the President and previously served as Vice President and Newsletter Coordinator of the Northern Colorado NARPM Chapter. Carole has worked in the property management field for 30 years. Final Month of Rent. Management shall have the right to retain, for a reasonable time, the last calendar month of rent under any lease to be applied by Management to the payment of Owner’s obligations under this agreement or any lease or to bring the property back into rent-able condition. Management shall have sole reasonable discretion to apply security deposit funds under any lease and to refund security deposit funds to any Renter and Owner shall be bound by such decision. (submitted by Kandy Meehan, RMP®, HRS, Overland Park, KS) November 2006 Residential Resource | 19 Strong Chapter Tip #17 by Cindy Van Mater, MPM® NEW REQUIREMENTS FOR CHAPTER CERTIFICATION The time is fast approaching for every chapter to re-certify in order to be in compliance with NARPM regulations. There is a new requirement this year that you must submit a “Chapter Certificate of Compliance” to Headquarters no later than December 1, 2006. NARPM must ensure that chapters are viable entities, capable of delivering the services expected by the members of the Association. The checklist includes: 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 A list of your 2007 Chapter Board of Directors and committee chairs. Have you changed your chapter bylaws this year? Submit current bylaws. Certify that the Board of Directors has at least 4 meetings a year and has maintained corporate minutes. Submit proof that the chapter is incorporated and any amended articles. Submit an annual financial statement. Submit a copy of the chapter’s 2005 federal tax return or a letter stating that the chapter was not required to file a return. (A chapter is not required to file a federal return with the IRS if the gross revenue is less than $25,000.) Develop a twelve-month business plan that includes a proposed annual budget and calendar of events. The Chapter president-elect has attended the national leadership symposium or had other training prior to taking office. Submit copy of newsletter or other means of effective communications to the Chapter members. (At least 4 per year.) Submit copies of brochure for chapter-sponsored educational programs for members. (4 per year) What is the date your chapter officers assume their respective offices? What are the dates of your chapter’s fiscal year? Has the chapter maintain a minimum of 7 NARPM members? Is your chapter using the chapter leader site on www. NARPM.org? Do you have a chapter website? Is your chapter website kept up to date? Has your chapter ever filed for the $500 membership grant? Does your chapter have a bank account in the chapter’s corporate name? Did your chapter file the State Corporation Commission Annual Report for this calendar year? These certification requirements were developed to maintain fair, specific procedural standards for the chapters and to protect the legal accountability of the national association. The NARPM Board of Directors determines each chapter’s re-certification status after consideration of recommendations submitted by the Regional Vice President and the Membership Committee. 20 | November 2006 Residential Resource Have your chapter president or vice president complete this Certificate of Compliance as soon as possible so you will not lose your Chapter Charter. It can be downloaded and printed from the Chapter Leader section of www.narpm.org. This checklist is also a great way for you to measure how your chapter is doing and what areas you need to work on in order to become a really strong chapter. ______________________________________________________ Cindy Van Mater, MPM® is the president of Professional Property Services, Ltd. in Myersville, Maryland and the founding president of the Maryland Suburban Chapter of NARPM, serving on its Board for the past 11 years. She had been a NARPM Member since 1992, and served on the Membership Committee, Marketing Committee, Nominating Committee, Convention Committee, and currently serves on the Editorial Committee. Organize all your rental income and expenses in one place “ ...an essential tool for all new landlords. Tracking rental payments, expenses, tenant information as well as analyzing your performance is incredibly easy with this software.” — Matt Martinez, author of 2 Years to a Million in Real Estate You now have a way to track tenant payments and business expenses simply, efficiently and affordably. Quicken Rental Property Manager is an essential tool for individual landlords to manage their tenants, income and expenses while allowing you to do away with cumbersome spreadsheets. Track rental income and expenses for all your property Output Schedule E forms for the IRS or export to TurboTax Access and track tenant data instantly: • See entire payment history • Track all repairs and phone calls • See lease expiration, late fee agreements and details for each tenant Works with Desktop Software With Quicken Rental Property Manager’s price point and features, it doesn’t make sense to keep using MS- Excel to keep track of your investments. Order Now for Only $99! Visit QuickenRental.com/narpm to order. © 2006 Intuit Inc. All rights reserved. November 2006 Residential Resource | 21 Congratulations to NARPM’s Newest RMP®, MPM®, and CRMC® Designees! RMP® MPM® Dave Christensen, RMP® Circle C Properties Plano, TX Mary Rinaldi, RMP® The Realty Shoppe of Pasco, Inc. Port Richey, FL Michael Francis, MPM® Rollingwood Management, Inc. Austin, TX Cheryl Jaeger, MPM® Windermere Property Mgmt. Oak Harbor, WA Lynda Farren, RMP® Mountain Managers & Associates Hiawassee, GA Virginia Stattery, RMP® Rogers, Rische, Doll, Inc. Oak Harbor, WA Vickie Gaskill, MPM® Bell Anderson & Associates Kent, WA Michael Nelson, MPM® Excalibur Group, LLC Lawrenceville, GA Wayne Guthals, RMP® McGinnis Property Management Colorado Springs, CO Diane Tenison, RMP® Pierce Property Management Prescott, AZ Brenda Gerdes, MPM® Management Specialist, Inc. Port St. Lucie, FL Lois Severson, MPM® Classic Property Mgmt., Inc. Gladstone, MO Chesley Karr, RMP® Bruni/Karr Rental & Management Albuquerque, NM Maria Trunkenbolz, RMP® M-T Management, Inc. Spokane, WA Thomas Guyer, MPM® T.J. Guyer, Inc. Chahalis, WA Fred Thompson, MPM® RE/MAX 200 Realty Winter Park, FL Janet Panzer, RMP® Real Management Company San Francisco, CA CRMC® Hometown Property Management, CRMC® Lacey, WA Andrew Barkis, MPM® Ronald Hammond, MPM® Hammond & Hammond, Inc. Chatsworth, CA Awarded on September 27, 2006 at the 18th Annual Convention in Burlington, Vermont In Memory of... ANDREW “JIM” WADDELL Jim was originally from Buffalo, New York and graduated from the University of Buffalo with a degree in business management. His diverse real estate background spanned many years and included membership in several professional organizations. Jim’s volunteer commitment to his profession and the real estate community was exemplary. Jim was a member of and served on the Board of Directors of the West Pasco Board of REALTORS®. He earned the distinction of “REALTOR® of the Year” and served as the chairperson of the Property Management Committee of the West Pasco Board of REALTORS® from 1993-2005. Jim was also inducted into the International Real Estate Hall of Fame, which recognizes professional excellence and community involvement. He was a member of and served as a mentor for other members of the National Association of Residential Property Managers (NARPM) and earned his Residential Management Professional designation (RMP®). Jim was a founding member of the Spring Hill Chapter of NARPM and served as its president from 1998-2005. Jim was also a charter member of and served on the Board of Directors of the Florida Association of Residential Property Managers (FARPM), most recently as the Affiliate Membership Chairman. We will miss you! 22 | November 2006 Residential Resource Welcome New NARPM Members! Members that joined NARPM from August 1 to September 30, 2006 NEW MEMBERS Hawes Adams Associates Realty Services, Inc. 2622 NW 43rd St., Suite A3 Gainesville, FL 32606 352-372-7755 Riva Alexander RE/MAX Achievers REALTOR® 3350 W Southport Road Kissimmee, FL 34746 321-284-0600 David Anderson Century 21 United 10202 Heritage Blvd., #100 San Antonio, TX 78216 210-349-3906 Sandra Bangerter RE/MAX Kai Lani 25 Kaneohe Bay Drive, #109 Kailua, HI 96734 808-237-5333 Steve Bolgiano Century 21 High Point Properties 8301 W University McKinney, TX 75071 972-529-3899 Bianca Boxley Aston Realty Management 8508 Padova Court Orlando, FL 32836 407-913-7901 Debra Brambley Excalibur Home Management 5415 Sugarloaf Pkwy., #1100 Lawrenceville, GA 30043 678-825-1400 Michele Breedyk C21 Home Planning 3117 N Main Roswell, NM 88201 505-622-4604 Gary Burmaster Burmaster Real Estate Services 650 Howe Ave. Sacramento, CA 95825 916-927-4902 Wilson Cantwell Home Locators & Mgmt., LLC 1603 Babcock Road, #123 San Antonio, TX 78229 210-655-4663 Deborah Castro West Oahu Realty, Inc. 94-428 Mokuola St., #105 Waipahu, HI 96797 808-676-8858 Joanne Clark RE/MAX Advantage 5913 Amber Station Ave. Las Vegas, NV 89131 702-898-4295 Jay Coburn RE/MAX Midway & Grieco Management Services 7803 Lakeside Way Fort Pierce, FL 34951 772-519-2468 Linda Colby Begin Realty Associates 309 Portland St. St Johnsbury, VT 05819 802-748-2045 Tracy Davidson Tropical Paradise Realty, LLC 4473 Pahee St., Suite N Lihue, HI 96766 808-246-3737 Catherine Hazlett First Rate Property Management 7150 Potomac Drive Boise, ID 83704 208-321-1900 Wendy Jando Century 21 Accord 1341 S Military Hwy. Chesapeake, VA 23320 757-523-2121 Bill Jones Accent Rentals, LC PO Box 4051 Temple, TX 76505 254-773-0900 Patrick Fogarty Wilkinson PM, Inc. 5800 Jane Way Alexandria, VA 22310 703-971-1800 Owen Jones Dreamcatcher Properties of Idaho, LLC PO Box 5084 Boise, ID 83705 208-955-6422 Aaron Gingerelli Summit Property Management PO Box 8975 Missoula, MT 59807 406-549-3929 George Kerlyn DCR Rental Management, Inc. 12240 SW Austin Ave. Lake Suzy, FL 34269 941-624-0500 Hardeman Godbee Relocation Realty, Inc. 281 South Atlanta St. Roswell, GA 30075 770-641-8393 Alexis Kylberg Hill Country Property Mgmt. 4202 Spicewood Springs Rd., #220 Austin, TX 78759 512-346-3309 Louis Guillama LouMar Home Services, Inc. 11124 Coachman’s Way Raleigh, NC 27614 919-389-9234 Anne Lackey Solid Source Property Mgmt., Inc. PO Box 923116 Norcross, GA 30010 404-886-4363 Jessica Hall Fla Rent, Inc. 3855 Mill Creek Lane Casselberry, FL 32707 407-339-5797 Mark Lackey Solid Source Property Mgmt., Inc. PO Box 923116 Norcross, GA 30010 404-886-8789 William Harris Lee-Tyler & Associates 29 Elm Drive Wickford, RI 02852 401-667-2587 Ryan Laird Open Spaces Property Mgmt. 121 E Main St. Rexburg, ID 83440 208-359-7211 November 2006 Residential Resource | 23 Demas Lamas Home 1 Management 7500 Stonebrook Pkwy., #102 Frisco, TX 75034 469-323-5542 Sandra Olekoski Park Hill Lane Associates 7 Park Lane E Menands, NY 12204 518-462-5373 Karen Slater-Parker Realty Executives Hawaii Brokers, Inc. 64-5193 Kinohou Street, #102 Kamuela, HI 96743 808-885-7434 Stuart London Indian River Property Mgmt. 1133 Capitanilla Drive Vero Beach, FL 32963 772-234-0014 Michelle Poorbaugh Kellogg Agency 12 Unser Boulevard, Suite H Rio Rancho, NM 87124 505-896-1750 Donna Stewart Hurst Kokopelli Property Management 607 Old Santa Fe Trail Santa Fe, NM 87505 888-988-7244 Marc Lonnstrom RE/MAX Honolulu 1050 Bishop Street, #245 Honolulu, HI 96813 808-951-3244 Bill Price Northwest Properties Agency 9527 Bridgeport Way SW Lakewood, WA 98499 253-584-3633 Elizabeth Sublett BlueRibbonHomes.com, Inc. 108 Stekoia Lane, #103 Knoxville, TN 37912 865-938-7368 Dan Lopez RE/MAX Realty Resources 890 S Sun Drive Lake Mary, FL 32746 407-333-1010 Patricia Price Northwest Properties Agency 9527 Bridgeport Way SW Lakewood, WA 98499 253-584-3633 Yvonne Valentino Valentino & Associates, LLC 10110 SW Nimbus Ave., Suite B-3 Portland, OR 97223 503-968-7370 David Malt Malt Realty & Development 6237 Presidential Court, Suite D Fort Myers, FL 33919 239-936-1320 Julian Quitian Investor’s Choice Mgmt. Group 7003 President’s Drive, #800 Orlando, FL 32809 407-770-1464 Alex Wang Rainmaker Properties 302 W El Camino Road, #292 Sunnyvale, CA 94087 408-898-7786 Lorie McBrien Cort Business Services 11 Matisse Circle Aliso Viejo, CA 92656 949-916-5550 Suzanne Richardson Vista Property Management, LLC 850 39th Avenue SW Puyallup, WA 98373 253-904-1560 Dave Watts For Rent By Owner, Inc. 4833 Front Street , Suite B251 Castle Rock, CO 80104 303-663-0000 Jerry McClain The McClain Team 1530 Meridian Avenue, #150 San Jose, CA 95125 408-799-7407 Janice Ross RE/MAX Allegiance 828 Greenbrier Parkway Chesapeake, VA 23320 757-436-4500 Jason Webb Realty Executives 7777 W Deer Valley Rd., Suite B150 Peoria, AZ 85382 623-505-4554 Debra McElhaney BlueRibbonHomes.com, Inc. 108 Stekoia Lane, #103 Knoxville, TN 37912 865-938-7368 John Schallau Commercial Realty Experts 1151 A Street, #240 Hayward, CA 94541 510-940-0136 Alejandro White Sacramento Delta Property Mgmt. 910 Florin Road, #100 Sacramento, CA 95831 916-395-7703 David Miller Park Property Management PO Box 605 Fairplay, CO 80440 719-836-4561 Michael Scheele Rocky Mountain Property Mgmt. 446 E 4th Street Loveland, CO 80537 970-669-0842 Larry Wilder Charles Burt Property Mgmt., LLC 1020 E 20th Street Joplin, MO 64804 417-782-6677 Craig Minami ATM Realty PO Box 1853 Honolulu, HI 96805 808-955-1331 Bob Schroeder Eleven Nineteen, Inc. 3513 W 92 Ter Leawood, KS 66206 913-901-0287 Judith Nazaryk RE/MAX White Glove Realty, Inc. 1701 NW Cache Road Lawton, OK 73507 580-355-0571 Luana Sheldon Bennett Property Management PO Box 30895 Mesa, AZ 85275 480-344-2819 Ron Wills RE/MAX Carriage House Property Management Division, LLC PO Box 706 Mt. Juliet, TN 37121-0706 615-690-5650 24 | November 2006 Residential Resource Regina Young Zion Property Management Co. 250 Langley Drive, #1111 Lawrenceville, GA 30045 678-377-3056 NEW AFFILIATES Sylvan Electronics, Inc. Daniel Boggs 6802 SW Canyon Road Portland, OR 97225 503-292-1244 Florida Spirit Real Estate Services, Inc. Darlene Brannigan 8281 Champions Gate Boulevard Champions Gate, FL 33896 407-390-1601 Clements & Clements Services, LLC Conni Clements 301 Cimarron Meadows Drive Waxahachie, TX 75167 214-789-9277 TVS Tenant Verification Service, Inc. Tianna Delair 19567 Fraser Highway, #361 Surrey, BC, Canada V3S 9A4 877-974-9328 Crime Clean of Texas, Inc. Deborah Gerhards PO Box 582 Devine, TX 78016-0582 210-723-4892 Appliance Warehouse of America Eric Leonard 3201 W Royal Lane, #100 Irving, TX 75063 800-693-4343 National Tenant Information Services Jack Olson 3093 Citrus Circle, #160 Walnut Creek, CA 94598 925-977-9161 DIY Real Estate Solutions Russ Sandlin 118 West Streets Boro Road Hudson, OH 44236 330-569-4741 Paul Davis Restoration Elissa Sime 6405 Vickery Avenue E Tacoma, WA 98443 253-475-8838 Affiliate Members Intuit Brian Vatcher PO Box 7850 Mountain View, CA 94043-7850 650-944-5684 Coastal Residential Corp. Benjamin Zeigler 5570 Florida Mining Blvd., #304 Jacksonville, FL 32257 904-880-1919 NEW SUPPORT STAFF Karen Bellavance Lee-Tyler & Associates 29 Elm Drive Wickford, RI 02852 401-667-2587 Davis Kennedy Hodge Homes, LP 2225 E Randol Mill Road, #225 Arlington, TX 76011 214-321-5203 Susan Lein Kimball, Tirey & St. John 350 S Figueroa Street, #498 Los Angeles, CA 90071 800-577-4587 Listed by Service BUSINESS PRODUCTS AND SERVICES ACH Direct, Inc. Alliance Property Services American Blinds & Draperies Austin Landmark Properties Black Ink Insurance Services, Inc. Careerlook, Inc. Centex House Leveling Company Gear Eli Research FARPM First Horizon Home Loans HRA Solutions Ian H. Graham Insurance Kiley J. Brenneman Agency Paychex, Inc. PayClix.com Paylease, Inc. Peachtree Business Products Professional Office Services of ID Rekey.com Locksmith Services RE Manuals/Landlord Source Residency Guide Roper Lock Box, LLC Runzheimer International, Ltd. Southwest Recovery Services Starker Services, Inc. The Real Estate Board Two Men and a Truck Unibind 2006 Designation Candidates RMP® CANDIDACY Michael Anderson Susan Bielser Tammy Billington Patrick Chapman Barney Christiansen Pamela Crosslin Pamela Foster Ruby Gonzalez Christine Goodin Jayci Grana Jay Hartley Michael Hoff Trudy Hoff Marti Hutchison Elizabeth Loop Barbara Mayo INTERNET TOOLS AND MARKETING 1SourceRents.com All Property Management AudioVu.com HomeRentalAds.com HomeRentals.net HotPads.com Info on the Web Innercircuit, Inc. InteloQuence MetroLeases.com Move, the new RENTNET PointWide Solutions Property Bridge, LLC Red Door Christian Investments Rent Marketer Rent One Online Rent.com Rent2Buy America, LLC RentalHomesPlus RentalHouses.com RentalSource.com RentBlurb.com RentClicks Socrates Media, LLC StudentRent LEGAL SERVICES Law Offices of Davis, Rothwell, Mullin, Earle & Xóchihua, PC Law Offices of Heist, Weisse & Lucrezi MAINTENANCE All Animal and Bat Control American Mold Institute Blusky Restoration Contractors Christian Nissen Landscaping Citrusolution Carpet Cleaning Gutter Love It! Handyman Matters J-Phase Electric, LLC KMH Technologies, Inc. Mr. Electric of Tarrant and Park Pacific Pest Management, Inc. Power Lift Foundation Repair Servpro of Gilbert Sherwin Williams Company Water Damage Solutions REAL ESTATE EDUCATION Americas Best Real Estate Education Auto Pilot Complete SOFTWARE Dick Jonilonis & Associates Escapia, Inc. Logicbuilt, Inc. PROMAS Landlord Software Property Automation Software Property Boss Solutions, LLC Softalot, LLC Tracker Systems, Inc. Winning Edge Software, Inc. TENANT SCREENING Clear Screening Contemporary Information Corp. Hunter Warfield Interstate Information Services National Tenant Network Real Screening Reliable Background Screening RentGrow, Inc. ScreeningOne Tenant Plus Corp. United Screening Services Corp. VeriQuest Screening Solutions Brenda Needham Worth Ross Matt Scheel Thais Soler Bart Sturzl Chris Warren MPM® CANDIDACY James Bigham, RMP® Patricia Callahan, RMP® Tony Drost, RMP® Lambert Munz, RMP® CRMC® CANDIDACY MacPherson’s Property Mgmt. Tamara Welliver, MPM® November 2006 Residential Resource | 25 NARPM Ambassador Program The Ambassador Program was first designed in 2000 to reward our current members for referring new members to our organization. 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. Afterwards, you will receive an award certificate and a $195 NARPM credit that can be used toward your annual dues, upcoming events, education classes, and more! You will also be listed in a special section here, in the Residential Resource, after achieving Ambassador status. 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. How Do You Start Referring? August-September 2006 List • Call NARPM Headquarters at 800-782-3452 to request member application forms. Headquarters, upon request, will mail the application directly to the prospective member but will not fill in the “referred by” line. New Member • The 12-month period to obtain the five new members starts the day the first new membership application is processed by Headquarters. • When Headquarters receives the fifth new membership application, an award certificate will be issued and dated. • A recognition certificate will also be issued, and you, the “Ambassador,” will be recognized in the Residential Resource. Deborah Castro Karen Slater-Parker Catherine Hazlett Bob Shroeder Michael Scheele Alejandro White Joan Gordon Jessica Hall Brenda Sturges Jason Webb Alexis Kylberg Suzanne Richardson Diana Branbley, CAM® Ron Willis Davis Kennedy Riva Alexander Alex Wang Tracy Davidson John Schallau Donna Stewart-Hurst Russ Sandlin Marcela Revuelta Referring Member Sharon Moore Claudia Kenyon, GRI® Tony Drost, RMP® Kandy Meehan, RMP® Susan Albern, MPM® Ted White, MPM® Charles Brown Geoffrey Hall Lorna Cam Mary Thomason, RMP® Julie Potts, MPM® Harold Kalles, MPM® Michael Nelson, MPM® Beverly Browning, MPM® Wesley English Fred Thompson, MPM® Sandy Adams Mary Love, MPM® Mike Segal, RMP® Chris Sparno Rick Ellis, CPM® Linda Holzer, RMP® 2006 Ambassadors Susan Albern, MPM® Carrie Appling-Lake Beverly Browning, MPM® Geri Stephens, RMP® What Would YOU Do... with $195? education classes annual dues convention registration NARPM store 26 | November 2006 Residential Resource RMP®/MPM® Certification Classes Date Location Class Instructor Nov. 9, 2006 Atlanta, GA RMP Habitability Standards Kit Garren, MPM® ® Interested in Sponsoring Certification Classes? Opportunities are available to chapters that would like to further member education, promote certification, and increase their chapter funds by sponsoring a certification class. However, it takes time to plan a class - so give your chapter five to six month’s lead-time if you wish to sponsor one of these events. To register for classes, complete the registration form below and mail or fax with payment to NARPM Headquarters. For more additional information, contact Headquarters at 800/782-3452 or info@narpm.org. Find out more by calling Headquarters, at 800/782-3452 or e-mailing info@narpm.org. We can provide you with the details you need to make your certification class a successful venture. RMP®/MPM® Class Registration FEES (Please print or type) RMP® Classes Member Nonmember Retake RMP®/MPM® Early Registration* $195.00 $250.00 $100.00 $97.50 Registration* $225.00 $280.00 $130.00 $127.50 MPM® Classes Member Nonmember Retake MPM® $395.00 $450.00 $300.00 $197.50 $450.00 $505.00 $355.00 $252.50 $45.00 $60.00 $55.00 $70.00 Ethics Class Member Nonmember *to receive the early registration price, payment must be postmarked, faxed, or e-mailed 30 days prior to the class. CLASS INFORMATION • On-site registration begins at 8:00 a.m. Class hours are 8:30 a.m. to 4:00 p.m. • RMP® classes qualify for 6 hours of NARPM certification. • MPM® classes qualify for 12 hours of NARPM certification. • All materials will be given to students on the day of the class. • All attendees are required to make their individual hotel reservations. CANCELLATION POLICY Name ___________________________________________________________________________________ Company ________________________________________________________________________________ Address __________________________________________________________________________________ City/State/Zip _____________________________________________________________________________ Telephone ______________________________________ Fax _____________________________________ E-mail ___________________________________________________________________________________ List Classes Name of Class Class Date Cost ___________________________________________________________________________ $ ___________ ___________________________________________________________________________ $ ___________ ___________________________________________________________________________ $ ___________ Total $ ___________ Method of Payment I have enclosed a check for $ ___________ Ck/M.O. # ___________ Date ___________ Please charge my credit card in the amount of $ ___________ as follows: Visa MasterCard Discover American Express Card Number _____________________________________________________ Exp. Date ______________ Name of Cardholder _______________________________________________________________________ Billing Address ____________________________________________________________________________ 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. Signature ________________________________________________________________________________ Due to low registration, a class may be cancelled with 15 days prior notice. If NARPM cancels a class, registration fee could be credited to a future class or fully refunded upon request. 1. MAIL your form with payment to NARPM, 184 Business Park Drive, Suite 200-P Virginia Beach, VA 23462 I authorize NARPM to charge my credit card. Two Easy Ways to Register 2. FAX your form with credit card payment to 866-466-2776. Please do not mail the original. November 2006 Residential Resource | 27 2005 NARPM AFFILIATE OF THE YEAR 2006 OFFICIAL NARPM PARTNER America’s #1 Online Source for Single-Family Rental Homes • Every month, millions search our website–more than any other small-unit rental website in the country. • RentClicks has the highest Web traffic and ranks #1 in page views for the single-family home market. • On average, properties on RentClicks rent in as little as 22 days. • RentClicks has the largest inventory of single-family rental property listings in the industry. Load up to 15 Photos Virtual Tour Detailed Property Descriptions Printable Flyers Maps & Directions Daily E-mail & Telephone Leads • RentClicks is backed by the strength of one of the nation's largest print and online media sources, Consumer Source Inc. 30-Day Money-Back Guarantee No Contracts. No Obligation. Just Visible Results. Advertise With RentClicks Today! 888-501-RENT or WWW.RENTCLICKS.COM 28 | November 2006 Residential Resource © Consumer Source Inc / a PRIMEDIA company
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