Gain an edge in the competitive industry of common interest developments (CIDs) - including residential and office condominiums, co-ops, and planned unit developments. This course focuses specifically on the unique and complex challenges of managing in the CID market, one of the fastest growing segments in real estate management today.
What you will learn:
- Relationship Management. Evolution of common interest developments, common needs vs. individual rights, declarant/developer transition to management, owner and manager duties and responsibilities, working with boards, motivating volunteers and employees
- Governance. Governing documents, the heirarchy of documents, amending documents, parliamentary procedure, meeting processes (agendas, minutes, etc.), enforcement issues
- Legal and Risk Management. Proper disclosure, compliance issues and record retention, managing risk, insurance, IREM Code of Professional Ethics
- Financials: Accounting, budgeting, financial reports, reserve studies, special assessments, loans and collecting assessments
- Maintenance management. Maintenance systems, work orders, inspections, contractors’ negotiations, and oversight
Please note: Since CID201 earns ARM education credit, the classroom offerings include the option for students to take the ARM Certification Exam.
Review the learning objectives for CID201
Related Readings: To order, click here.
Order Now! Community Associations: A Guide to Successful Management
Stephen R. Barber, CPM® and Vickie Gaskill, CPM®, ARM®, MPM®
This is not only a must-have educational resource guide for managers of common interest developments, but it also provides solid advice and guidelines for individual members of association. Use this book to:
- Learn about the evolution of common interest developments, the different association types, and how to work with boards and members.
- Learn how to establish successful communications between all parties.
- Address everyday challenges of community association management and to deal with them effectively.
- Eliminate any question as to exactly what your management fee should be.
- Utilize marketing and communications strategies to build your management business.
- Establish or improve your accounting, staffing and maintenance practices.
Price: $47.95 member; $59.95 nonmember rate