What Does ARM Mean in Property Management and How To Become One?

Property Management

Looking for ways to advance your business or career in property management? One key is becoming an accredited residential manager (ARM). With this certification, you’ll learn and prove the skills and techniques necessary for the best apartment management and other residential management services. 

Whether you’re a property owner, manager, or staff or simply interested in apartment management services, read on to see the crucial role of ARM in property management and how you can become one.

ARM and Its Benefits in Property Management

With the ARM certification, you acquire the major competencies to properly manage various residential properties. These include financing, handling risks, maintaining properties, leasing, addressing resident-related matters, and working on retention. You also have to maintain accessibility and smooth communication with the residents.

The ARM certification is especially beneficial to residential managers early in their careers. Whether offering apartment management services or catering to residents of single-family homes, multi-family homes, mixed-use properties, and condominiums, being an ARM gives you a competitive edge in the market. It’s proof that you’ve mastered the abilities expected of residential managers, from resident relations to risk management.

One major advantage of becoming an accredited residential manager is higher earnings. On average, property managers in the U.S. take home around $48,340. Meanwhile, an ARM enjoys an average salary of $66,813. In a survey from Indeed, 82% of job seekers noted that their ARM certification helped them make more money.