Why is it important to choose a property management company that belongs to NARPM® ? It is the National Association of Residential Property Managers headquartered in Chesapeake VA.
The National Association of Residential Property Managers (NARPM®), founded in October 1988, provides a permanent trade organization for the residential property management industry. NARPM® provides resources for residential property management professionals who desire to learn, grow, and build relationships.
NARPM® is the premiere professional association designed for real estate professionals who know first-hand the unique challenges of managing single-family and small residential property portfolio’s. They offer an effective, professional learning environment for owners of property management companies and their employees. NARPM® currently represents more than 6,000 members comprised of real estate agents, brokers, managers and their employees.
Created to Fill Specific Needs
The creation of NARPM® was not one single event or the effort of one single individual. It was born out of a need for more education, validation, networking and recognition for those individuals who were fee managers of single homes in the late 1980’s. The management of this type of income property had in the past been left to the part-time activities of a real estate sales agent. The individuals that were managing single-family rentals were doing so with a little embarrassment, no outside education and often isolated from other agents doing the same type of management.
Code of Ethics and Standards of Professionalism
Enhancing the ethical behavior of the membership has always been a basic principle for NARPM®. The Code of Ethics and Standards of Professionalism were completely rewritten in 1994. These documents help educate our membership, both new and existing, on how a professional property manager should conduct business so that all parties in the landlord-tenant relationship are satisfied. NARPM® members know that ethical behavior is the right thing to do and that it sets the stage for increased business opportunities.
Membership in late 1988 totaled only 13 members. By the fall of 1991, membership stood at over 150. The need had arisen to develop local leadership and structure. A system of chapters was set up. The growth and success of NARPM® has been and will always be dependent on the work done by our membership at all levels of the organization. By January 1997, membership had grown to almost 1,300 members with 34 chapters in place. In 2005, NARPM® breached the 2,000 member mark with 68 chapters. Today, there are more than 6,000 members.
NARPM® members hold themselves to a high ethical standard, are continually updated on the laws governing property management and have a real desire to handle business professionally and fairly.