Real Estate Management In The College Classroom



Comprehensive Solutions for Real Estate Management Programs and Courses

From foundation to penthouse and from the first day of class to graduation, IREM has the tools and solutions to take your real estate management course to the next level. With thorough resources for students and full support for instructors, IREM makes teaching and learning about real estate management easier and more effective than ever.

Build Your Program with Our Tools
Whether you just need one textbook for your course, or full program support, IREM is there for you. We have 80 years of experience as the leading authority in real estate management, and our materials can be the building blocks for a program that will engage and energize your students. We offer….

Text Books

  • IREM textbooks are current, cutting-edge guides that cover everything students need to know.
  • Whether you’re looking to teach students about managing residential, office, or retail properties, IREM has the timely, practical information you need.

Curriculum Support

Instructor Guide
Includes:

  • Specific learning objectives
  • Guidelines for developing a course syllabus
  • Instructor notes on topical coverage
  • A list of key terms and concepts for each chapter in the text
  • Suggested supplementary materials to bring to the classroom
  • Suggested classroom and homework activities
  • Review questions

    Powerpoint Slides

  • Visual teaching aids for the classroom

    Examination Bank

  • Multiple choice questions and answers to use for a final exam—provided to you electronically

Supplementary Materials

IREM offers a variety of classroom materials beyond traditional textbooks to enhance your curriculum, such as:

  • IREM tutorials: Interactive tools and techniques that allow students to learn key competencies in quick, dynamic segments
  • A framework for incorporating the preparation of a management plan
  • Supplementary videos on topics like fair housing and real estate management ethics

Customized Solutions

  • Don’t see exactly what you’re looking for? E-mail customcourse@irem.org to find out how IREM can support your program.
 

 





Curriculum Support Available! Investment Real Estate: Finance and Asset Management



Investment Real Estate: Finance and Asset Management

This book provides insight into the real estate management company and manager’s role in the financial analysis and asset management of a property. It also provides an inside look into the details of how to budget, forecast, and analyze cash flow. It focuses on the real estate manager’s role to ensure that the real estate management company’s clients realize their investment goals for any given property.

View a sample chapter

Topics include:

  • Economics of Real Estate Investment
  • Accounting Basics
  • Cash Flow Analysis
  • Loan Analysis
  • Time Value of Money
  • Property Valuation
  • Lease Analysis

Request a Desk Copy

 

 




Curriculum Support Available!
Principles of Real Estate Management (REM201)

Principles of Real Estate Management, Sixteenth Edition

Entirely revised and updated, this publication highlights the current changes within today's economy and their impact on real estate management, including savvy online marketing techniques through social media and other outlets, the impact of sustainability, as well as sound maintenance techniques to keep any property primed for occupancy. Along with covering the foundations of managing all major property types, this sixteenth edition also features more in-depth information on student housing, senior housing, and medical office buildings.

  • Understanding the various property types and the unique challenges of managing each type
  • Learning the critical role of the real estate manager and others on the management team
  • Learning how to manage properties through management by plan and strong relations with property owners
  • Applying innovative uses of social media as a recruiting and marketing tool
  • Creating sound practices for the physical and financial management of property

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Curriculum Support Available!
Introduction to Apartment Management (REM202)

Practical Apartment Management, Sixth Edition
Edward N. Kelley, CPM Emeritus

The sixth edition of this popular best-seller is a practical guide to what's new in apartment management. The text has been completely revised to reflect the extensive changes that have occurred in the apartment industry over the past five years. This how-to, hands-on guide covers the basics of ownership, management and insurance, as well as advanced solutions for marketing, leasing, and tracking residents of rental properties.

Topics in this edition include:

  • Extra features in new apartment layouts and amenity packages
  • Innovative techniques for tracking residents and minimizing turnover
  • Hiring and managing property staff
  • Leasing policies, the rental application process, and the lease document
  • Developing strategies for maximizing rent collections
  • Property maintenance, upgrading, and renovations
  • How to gain the most from Internet marketing
  • Attracting prospects and curb appeal

Request a Desk Copy

 

 





Curriculum Support Available!
Introduction to the Leasing Process (REM208)

The Leasing Process: Landlord and Tenant Perspectives
Richard F. Muhlebach, CPM, SCSM, CRE, RPA and Alan A. Alexander, SCSM

This publication delves deep into the complex relationships between commercial landlord/owners and their tenants.

Coverage includes:

  • Landlord/tenant concessions and options that may be granted
  • Maintaining a building's value through the value of its leases
  • Negotiating the brokerage agreement
  • Knowing how market conditions affect the leasing deal
  • Successful communication strategies for negotiations

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Curriculum Support Available!
Introduction to Commercial Property Management (REM206)

Managing and Leasing Commercial Properties (Volumes 1 and 2)
Alan A. Alexander, SCSM and Richard F. Muhlebach, CPM, SCSM, CRE, RPA

This publication is the essential resource for an introductory course in commercial management, encompassing property types from office and industrial buildings to shopping centers and medical buildings.

Coverage includes:

  • Operational issues specific to various commercial property types
  • Management practices for administration and budgeting areas within properties
  • Best maintenance options for a property, including bid specifications for outsourcing
  • Financial concepts and tools unique to managing commercial properties

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Curriculum Support Available!
Introduction to Community Association Management (REM207)

Community Associations: A Guide to Successful Management
Stephen R. Barber, CPMand Vickie Gaskill, CPM, ARM, MPM

This is a must-have educational resource guide for students of all levels in real estate management. This text addresses the unique issues specific to this sector of real estate management.

Students can use this book to:

  • Learn about the evolution of common interest developments, the different association types, and how to work with boards and members
  • Utilize marketing and communications strategies to build a management business
  • Establish or improve accounting, staffing, and maintenance practices

Request a Desk Copy

 

 



Before and After Disaster Strikes:
Developing an Emergency Procedures Manual, Fourth Edition

Before and After Disaster Strikes: Developing the Emergency Procedures Manual, Fourth Edition is designed to be a guide and resource for real estate managers as they create the emergency procedures plan and develop the emergency procedures manual for the properties they manage.

Covering more than just natural disasters, this edition provides an extensive look at how to address building emergencies from fires, power outages, or hazardous materials spills, to acts of crime and terrorism.

This new edition also includes a section dedicated to exploring and implementing business continuity practices into an emergency procedures plan, demonstrating the importance of business continuity principles, while also providing concrete considerations for how to implement these practices into the management business.

Designed to accompany this book is a set of emergency planning forms, which were assembled by the Institute of Real Estate Management (IREM) and its industry partners. These forms, accessible online, are provided in an effort to help establish a baseline of preparedness for any property, and may be customized or adapted to fit each application.

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Best Practices: Real Estate Management Services

IREM created this guide featuring a set of best practices to serve as a practical and useful tool for real estate management company executives in operating their businesses successfully and professionally. A complete checklist of the 55 best practice statements has been added to facilitate use as a self-assessment tool.

Developed by the IREM Industry Standards Advisory Board, this guide features 55 best practice statements, aligned around four categories:

  • The management company
  • Client relations
  • Management of the property
  • Tenant/resident relations

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Transformational Leadership in the New Age of Real Estate
By Christopher Lee

As we enter a New Age of Real Estate, what can companies do to ensure that they are not just one of the survivors—but ones that prosper under the new realities? More than ever, companies must respond to rapidly changing market conditions, competitive pressures, and shifting customer demands and expectations—to look ahead and put themselves in a position to seize the opportunities presented by the “new normal.”

Future success requires Transformational Leadership, which is the key to sustainability, productivity, profitability, and growth. It sets the tone, provides the vision, and brings out the best in people. During the next decade, individuals who have been asked to lead must not simply manage people or processes—they must be visionary and promote individual entrepreneurship.

This publication not only lays out the likely future of real estate, it outlines important success factors needed for the decade ahead. Most importantly, this publication provides a blueprint for developing the Transformational Leadership that management companies need to survive.

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Troubled Properties: A Practical Guide for Turning Around Troubled Assets
By Lawrence W. Baiamonte, CPM; John N. Gallagher, CPM; Kenneth Goodacre, CPM;
Kathleen M. Harmon, CPM; Richard F. Muhlebach, CPM

Turning around a troubled property ranks among the greatest challenges that real estate managers will encounter in their career. While there is no one-size-fits all template for managing troubled properties or working as a consultant, this Key Report provides solutions and a frame of reference for some of the most common challenges. This Key Report will also help build a comprehensive understanding to evaluate and resolve troubled assets for both residential and commercial property types. Also included are in-depth case examples that present scenarios, examine potential problems, and provide solutions for turning around troubled properties.

  • Includes the following information:
  • Economic downturns in relation to troubled properties
  • Effective management operations
  • Refinancing or restructuring the loan
  • Use of vacant space for shopping centers
  • Receivership and foreclosure

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A Practical Guide to Green Real Estate Mamnagement
John Klein, JDM Associates, with Alison Drucker and Kirk Vizzier

This Key Report covers the practical benefits of sustainability and offers examples and strategies to start going green. The real estate industry thrives on the use of environmental resources like land, materials, energy and water. Reducing the impacts of these resources provides opportunities for property managers and owners to increase the market value of their properties, minimize operating costs and better respond to market demands. Learn:

  • Where the real estate industry is today regarding sustainability
  • How to assess properties for energy consumption
  • What can be done to minimize energy and water use in buildings
  • How conservation efforts will affect a property’s bottom line
  • When and where to best apply green methods to managed properties

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Marketing Residential Properties: The Science and the Magic
Laurence C. Harmon, CPM, CRE and Kathleen M. Harmon, CPM, ARM

Why use antiquated marketing techniques in today's marketplace? Revolutionizing a property’s marketing strategy can increase its bottom line.

Whether renting or selling residential properties, this book is a practical "how-to" guide - the first of its kind - covering both realms of residential marketing. These expert authors offer useful and easy-to-follow steps to implement into your marketing practices. Students will learn how to:

  • Act as a consultative leasing or selling agent
  • Build a professional staff and get updated on Fair Housing
  • Train and coach a staff with new  marketing techniques
  • Capitalize on new opportunities as the residential market fluctuates
  • Create and implement a residential marketing master-plan

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Insiders Tips to Operating a Successful Property Management Company
Richard F. Muhlebach CPM, SCSM, CRE, RPA and Alan A. Alexander

Operating a property management company requires more than good communication and management skills. To be competitive, companies must have a sound infrastructure, strategic direction, and sufficient resources to achieve success. This Key Report offers comprehensive guidance on all aspects of developing a successful property management business, and includes detailed coverage of:

  • Strategies for successful staffing and company organization    
  • Components of a management proposal
  • How to maintain ethical practices and professional standards  
  • Owner’s evaluation and selection of a firm
  • Leasing commissions and other financial incentives    
  • Steps for managing new accounts and  expanding business profitability

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Managing Your Maintenance Program:
A Guide to Implementing Cost-Effective Plans for Properties

By Brad J. Ashley, CPM; John N. Gallagher, CPM; Mary Jayne Howard, CPM; Richard F. Muhlebach, CPM; and Lee A. Whitman, CPM

Creating a maintenance management program is a responsibility that impacts every aspect of managing,operating, marketing and leasing a property. Having a proactive plan in place to keep buildings well maintained not only enhances the appearance and value of properties, it allows a real estate manager to address vital maintenance issues, such as expenses, contract agreements, inspections and communication with building occupants and owners. This Key Report covers the development and operation of an effective maintenance management program, and offers strategies and solutions that managers can apply to their own properties.

Topics include:

  • How a maintenance management program will enhance the cash flow and value of a building 
  • How to establish good communication with residents or tenants regarding maintenance operations 
  • How to develop operating and capital budgets for maintenance expenses 
  • How to negotiate maintenance agreements with contractors
  • What steps must be taken to properly inspect properties
  • How to handle maintenance requests from tenants or residents

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Government Assisted Housing: Professional Strategies for Site Managers
Glenn L. French, CPM

Students will learn practical strategies for enhancing a property financially and developing a marketing image that will attract and retain the most qualified prospects. This publication provides professional guidance on creating effective manager-resident relationships and building a qualified staff. Students will also learn how developing proactive relationships with community organizations, regulatory agencies, and law enforcement officials will benefit residents and the community as a whole.

Additional coverage includes:

  • Establishing leasing policies and procedures
  • Maintaining the property
  • Dealing with drug problems and gang activity
  • Liability issues and risk management strategies

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Income/Expense Analysis Reports: Premium Data to Teach By
IREM's Income/Expense Analysis reports offer the cleanest, most precise and current benchmarking data available for a variety of property types. The data they contain is perfect for the classroom for use in analyses, case studies and more. For more information or to obtain free sample data , contact us at (800) 837-0706, ext. 6001. For more information on this program click here.


Additional Resources

Journal of Property Management (JPM)
Bring the real world into the classroom with the Journal of Property Management! Stay on top of legal issues, technology, and industry trends while learning about contemporary practices in marketing, operations, and business development. As IREM's official publication, JPM addresses the latest issues facing real estate managers.

Request a complimentary one-year subscription for your classroom today.

 

IREM White Paper: The Real Estate Management Professional Leadership Competency Model
This IREM White Paper identifies sixteen leadership competencies a real estate manager needs to survive in the new economy. Derived from the IREM job analysis, the leadership skills are based on a survey of more than 800 top real estate management professionals.

Today's economy is forcing real estate companies to shift their focus from being performance-driven to relationship-driven. This White Paper focuses on how leadership development can help real estate managers move up the career ladder. The higher real estate managers move up that ladder, the more they will have to manage people and relationships, rather than systems and tasks. For real estate professionals this means less time will be spent actually managing properties—instead, their time will be leading the people who manage properties.

This White Paper also emphasizes the four basic components to help real estate managers assess their level of emotional intelligence (EQ), helpful tips on what it takes to be a good leader, and how to get started on the leadership development journey.

 

 

Student and Academic Writing Competition

IREM and the IREM Foundation have developed an exciting opportunity for students and faculty to earn recognition for academic excellence.

The IREM Real Estate Management Writing Competitions for faculty and students recognize excellence in the academic study of real estate property and asset management.

Winners receive a cash award, a recognition plaque, and paid expenses to attend IREM's Leadership and Legislative Summit in Washington, DC. They will also be announced as award recipients on IREM's website, and entries will be published by IREM.

For more information and to submit your work to the competition, visit www.irem.org/AcademicResources or contact academics@irem.org.

 

 

Academic Membership

Access to the latest real estate resources is now easier than ever
If you teach full-or-part time at a college, community college, or university you can become an IREM Academic Member for just $100 a year.

You receive:

  • A free subscription to JPM – the industry's leading journal for property managers
  • The opportunity to author JPM articles and other publications
  • Networking opportunities and professional visibility
  • Member discounts on publications, courses, and conferences
  • Free downloads and expert advice on www.irem.org
  • Connections to other industry experts you can bring into your classroom
 

Student Membership

Help your students build a career in real estate management
When students partner with IREM, they get a viable career partner that will grow with them and support them through every stage of their career. For only $50 (U.S.) or $60 (International), full-time students attending an accredited university can get full-access to the tools and networking opportunities that will fast-track their career in real estate management. Student membership will extend for 12 months or date of graduation, whichever is longer.

Students receive:

  • A free subscription to JPM – the industry's leading journal for property managers
  • Access IREM’s career center at www.irem.org
  • Career assistance – find a job/internship (www.IREM.org)
  • Networking and mentoring opportunities
  • Member discounts on publications, courses, and conferences
  • Free downloads and expert advice on IREM.org
  • Connections through local IREM chapters
 

IREM Credentials:

A Lifelong Investment in a Property Management Career

OUR CREDENTIALS, KNOWN AND TRUSTED THROUGHOUT THE INDUSTRY, ARE KEY TO YOUR STUDENTS SETTING THEMSELVES APART FROM THE PACK, GENERATING AND RETAINING BUSINESS, AND SECURING HIGHER COMPENSATION. A REAL ESTATE DEGREE COULD BE THE FIRST STEP ON THE FAST TRACK TO IREM MEMBERSHIP.

Students who graduate with an undergraduate or graduate degree (major, minor, or concentration) in real estate or property management from a regionally accredited college or university are eligible to fast-track towards the CPM, ARM, or ACoM designations and bypass the IREM education requirements for each.