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Most Comprehensive Book in Over 25 Years Addresses the Challenges Facing Managers and Their Board

Editor’s Note: Review copies available to media on request; contact Sharon Peters

General Information: Community Associations: A Guide to Successful Management, IREM, 2008; hard cover; 297 pages; IREM Members, $47.95, Retail Price, $59.95 (plus shipping and applicable state sales tax).

(Chicago, IL, Jan. 28, 2008) Community Associations: A Guide to Successful Management, a comprehensive new publication focusing on the unique challenges of managing community associations and ways to effectively address them, is now available from the Institute of Real Estate Management (IREM). The publication is a must-have text for managers of common interest developments (CIDs). Volunteer members of community association boards responsible for balancing the needs of individual owners with those of the association will benefit as well.

VALUABLE TAKEAWAYS
Readers will come away with insights and “how to” advice on these and other topics central to successfully managing community associations:

• What it takes to ensure that the association board, individual owners, and professional staff work together optimally.
• What the best practices are for accounting, maintenance, and staffing.
• How reserves should be established.
• Criteria association boards should consider when selecting a management firm.
• Approaches for enforcing association rules and regulations.
• Risk management factors to be considered by managers and owners.

Readers also will benefit from the inclusion of practical exhibits and checklists as well as a glossary of community association terms.

PRICE AND ORDERING INFORMATION
Community Associations: A Guide to Successful Managementis $47.95 for IREM Members and $59.95 retail price (plus shipping and applicable state sales tax). To order, contact the IREM Customer Relations Department at 430 N. Michigan Ave., Chicago, IL 60611, or call toll-free at (800) 837-0706, ext. 4650. Credit card orders (VISA, MasterCard, American Express, and Discover) can be faxed toll-free to (800) 338-4736 or e-mailed to custserv@irem.org. Internet users can order the publication online at www.irembooks.org.

ABOUT THE INSTITUTE OF REAL ESTATE MANAGEMENT
The Institute of Real Estate Management (IREM®) is celebrating its 75th anniversary in 2008.  For more than seven decades, IREM has been the source for education, resources, information, and membership for real estate management professionals. An affiliate of the National Association of Realtors®, IREM is the only professional real estate management association serving both the multi-family and commercial real estate sectors. With 80 U.S. chapters, eight international chapters, and several other partnerships around the globe, IREM is an international organization that also serves as an advocate on issues affecting the real estate management industry.

Membership includes more than 18,000 individual members and 500 corporate members.  IREM promotes ethical real estate management practices through its credentialed membership programs, including the Certified Property Manager^® (CPM^®) designation, the Accredited Residential Manager^® (ARM^®) certification, the Accredited Commercial Manager certification, and the Accredited Management Organization^® (AMO^®) accreditation. These esteemed credentials certify competence and professionalism for those engaged in real estate management.  In addition, IREM offers Associate, Student and Academic memberships.

Collectively, IREM CPM® Members in the United States manage over $1.5 trillion in real estate assets, including 8.4 million residential units and 8.4 billion net square feet of commercial space. An additional 977,400 residential units are managed by IREM ARM® Members. IREM Members are employed by some of the most prestigious real estate firms in the world and nearly 70% hold upper-level management positions. Due to their professionalism and vast experience, property owners and investors worldwide continually seek out the management services of IREM Members.

To learn more about the Institute of Real Estate Management and its chapter network, call (800) 837-0706, Ext. 4650 (outside the U.S. call (312) 329-6000) or visit www.irem.org.