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IREM developed this set of simple, practical best practices to guide and support real estate management companies committed to operating their businesses successfully and in a professional manner. The concept behind these best practices is that there are certain proven solutions and recognized guidelines that are likely to result in greater efficiency, enhanced effectiveness, and ultimately a competitive advantage.
The 2014 edition contains 57 best practice statements that are organized around four categories:
- The management company
- Client relations
- Management of the property
- Tenant and resident relations