Houston may be one of the largest cities in the U.S., but the real estate industry is not that big. Career advancement still boils down to ‘who you know’ and ‘what you know.’ Therefore, you should align yourself with our community of proven leaders by joining IREM. There is a clear benefit to partnering with IREM for your career success. Whether you begin as an Associate Member or work your way to an IREM Credential, you’ll gain access to an elite group of individuals who value education, ethics and professionalism. (Www.iremhouston.org)
The Institute of Real Estate Management (IREM) is an international community of real estate managers dedicated to ethical business practices, maximizing the value of investment real estate, and promoting superior management through education and information sharing.
IREM Houston is hosting their 28th Annual Charity Golf Tournament
Monday, September 23, 2013. Sponsorships are still available and would be a wonderful way to begin your network with IREM.
Location: Sweet Water Country Club, 4400 Palm Royal Boulevard, Sugar Land, TX 77479
Time: Registration and Brunch 10:00 a.m. Tee-Off 11:30 a.m.
Price: $780 Team of 4 - Early Bird Rate, $195 Single Golfer – Early Bird Rate
Parking: Surface lot and street
For more information, contact 713-783-9225.
IREM charity proceeds (60%) benefits Harris County Protective Services (HCPS). HCPS’s mission is to better the lives of Harris County children and adults in need. Their programs include Shelters, Preparation for Adult Living, Community Youth Services, Systems of Hope, Children’s Crisis Care Center, Medical and Dental Clinics and more. Since the Tournament’s inception, IREM Houston and their dedicated tournament volunteers have awarded over a $1.3 million dollars to HCPS. Additional event profits help maintain IREM Houston’s mission of education and leadership development in the real estate industry.
Frequently Asked Questions
About Real Estate Management and Real Estate Managers
How would you define professional Real Estate Management?
A: Simply put, professional real estate management is the administrative operation and maintenance of properties to meet the objectives of their owners. It also involves planning for the future of the properties by proposing physical and fiscal programs that will enhance the value of the real estate.
Q: What are the primary responsibilities of real estate managers?
A: Their primary responsibilities are: (1) management of the physical site, (2) management of on-site and off-site personnel, (3) management of funds and accounts, and (4) management of leasing activities and tenant services.
Increasingly, real estate managers are being called upon to take on asset management functions, shouldering an ever- growing degree of responsibility for financial and strategic tasks.
Q: What sparked the development of real estate management as a function within the real estate industry?
A: The function resulted from a number of factors, but a major trigger occurred in the 1930s after lenders foreclosed on thousands of mortgages and discovered that real estate management required specialized skills.
Q: Is real estate management growing as a profession?
A: Yes, it is growing steadily because of these three concurrent trends: (1) simultaneous growth of the population and its requirements for space has increased the total number of all types of buildings, (2) a larger percentage of real estate is considered investment property and (3) there is increasingly wide acceptance of the fact that real estate management requires special training and education.
Q: Generally speaking, what is the primary goal that property owners—and therefore their real estate managers— strive to achieve?
A: That goal is usually for the property to reach its highest and best use, meaning that it generates the highest net operating income (NOI) possible and is being used in the best possible way based on its location, size and design.
IREM offers a variety of membership types for professionals of every experience level, from on-site managers to high-level executives. Their credentials, earned by meeting high standards of education, experience, and ethical business practices, include
Certified Property Manager (CPM)
Accredited Residential Manager (ARM)
Accredited Commercial Manager (ACoM)
Accredited Management Organization (AMO)
Thanks to JoD Miller for providing the information about the golf tournament. Special thanks to all IREM leaders for their mentorship over the years. Niedria Kenny