Are you a property manager looking to expand your professional network and gain access to valuable resources? Look no further! In this comprehensive overview, we will walk you through everything you need to know about property manager associations – from finding the right ones for your needs to joining and leveraging the network to your advantage. We’ll even point you in the right event for licensing, job hunting, and condo events for condo managers across the industry!
Property manager associations are more than just social clubs – they offer a plethora of benefits that can positively impact your career. Not only do they provide opportunities to connect with other professionals in your field, but they also offer educational programs, training workshops, and industry updates to help you stay ahead of Condoland’s curve. Additionally, being a member of a property manager association can enhance your credibility and reputation in the industry and open doors to new business opportunities.
Whether you're a seasoned professional or just starting out, this comprehensive overview shares the knowledge and resources to navigate the world of property manager associations successfully.
So, let's get started on your journey towards joining a property management association, networking with like-minded professionals, and get that career growing!
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Property Management Associations Available to Ontario Property Managers
The following associations offer licensing, valuable resources, networking opportunities, and support for property managers in Ontario's condominium industry:
Condominium Management Regulatory Authority of Ontario (CMRAO):
CMRAO is the regulatory body responsible for licensing and regulating condominium managers and management providers in Ontario. While not an association in the traditional sense, CMRAO plays a leading role in setting standards and ensuring professionalism within the industry. Property managers in Ontario are required to obtain a license from CMRAO to practice legally.
💳 The licensing fee for property managers is approximately $350 to $450 per year, which includes an annual renewal fee.
💻 For details on licensing and regulatory information, visit their website: CMRAO >
Association of Condominium Managers of Ontario (ACMO):
ACMO is a leading organization dedicated to providing education, accreditation, and support for condominium managers in Ontario. They offer various professional development programs, networking opportunities, and resources to enhance the skills and knowledge of property managers in the condominium industry.
💳 Membership fees for ACMO typically range from $200 to $500 per year for property managers, depending on the membership category and any additional accreditations or certifications sought.
💻 Visit their website for more information: ACMO >
Did you know that ACMO also hosts The Condo Conference, which is the largest annual condo educational and networking event in Ontario? Check out our recap of The Condo Conference 2023 >
Canadian Condominium Institute (CCI) - Toronto and Area Chapter:
CCI is a non-profit organization committed to promoting and enhancing the condominium lifestyle through education, advocacy, and networking. The Toronto and Area Chapter offers a wide range of educational seminars, workshops, and events tailored to the needs of property managers and other stakeholders in the condominium community. Members benefit from access to resources, industry updates, and opportunities to connect with peers and experts in the field.
💳 Annual membership dues for CCI Toronto and Area Chapter are approximately $250 to $400 for property managers.
💻 Explore their website for membership details: CCI Toronto and Area >
Community Associations Institute (CAI):
CAI is a leading international organization dedicated to fostering vibrant, harmonious community associations. With chapters across North America, including Canada, CAI offers a wealth of educational programs, resources, and networking opportunities for property managers, board members, and industry professionals involved in condominium management.
💳 Annual membership costs for property managers typically range from $100 to $500 or more, with variations based on the chapter's location and membership benefits.
💻 For more information about CAI and its resources, visit their website: CAI >
Professional Property Managers Association (PPMA):
PPMA is an association dedicated to advancing the interests of professional property managers across the rental market in Ontario. They focus on providing education, advocacy, and networking opportunities to support property managers in delivering effective management services to residential rental communities. While this association is not condominium-specific, it can be a valuable tool for educational and networking opportunities, as the condominium and rental industries are related residential markets.
💳 PPMA membership fees typically range from $150 to $300 per year for property managers, depending on membership type and any additional services or benefits provided.
To learn more about membership benefits, visit their website: PPMA.
Finding Even More Property Manager Associations
Finding even more property manager associations that align with your professional goals and interests is the first step towards joining and leveraging their benefits.
Here are some strategies to help you find the right associations: (click to expand)
Did you know that there’s an annual property management conference, called PM Springfest? This is a great event to network and keep an eye out for a wider range of property manager associations to join! More info about PM Springfest >
Benefits of Joining Property Manager Associations
Property manager associations offer a wide range of benefits that can greatly enhance your career as a property manager. Firstly, they provide a platform for networking and connecting with other professionals in your field. By joining an association, you gain access to a community of like-minded individuals who share your passion for property management. This network can be invaluable for learning from others, collaborating on projects, and staying updated on industry trends and best practices.
In addition to networking opportunities, property manager associations often offer educational programs and workshops to help you further develop your skills and knowledge. These can include courses on property law, finance, marketing, and technology, among others. By participating in these programs, you can stay ahead of the curve and enhance your expertise, making you a more valuable asset in the industry.
Another significant benefit of joining a property manager association is the access to resources and industry updates. Associations often provide members with newsletters, publications, and online platforms where you can find valuable information on market trends, legislative changes, and industry news. These resources can help you make informed decisions and stay updated on the latest developments in the field.
Overall, the benefits of joining property manager associations are numerous. From networking opportunities to educational resources and industry updates, these associations can provide you with the tools and support you need to excel in your career.
How to Join a Property Manager Association
Once you have identified a property manager association that aligns with your professional goals, the next step is to join the association. Don't worry! This part's easy, as all major associations have a clear application process.
Here's a step-by-step guide on how to become a member: (click to expand)
Certifications and Licensing Offered by Property Manager Associations
One of the key advantages of joining a property manager association is the opportunity to obtain certifications and licensing that can boost your professional credentials. Many associations offer specialized training programs and examinations that lead to industry-recognized certifications.
These certifications not only enhance your knowledge and expertise but also demonstrate your commitment to professionalism and continuous learning. They can differentiate you from other property managers in the market and give you a competitive edge when seeking new job opportunities or clients.
Some common certifications offered by property manager associations include being an Ontario Licensed Condo Manager (OLCM, offered by CMRAO) or a Registered Condo Manager (RCM, offered by ACMO). An OLCM license (whether it’s a Limited License or General License) is required to practice condominium property management in Ontario, but an RCM is optional.
Each designation has its own set of requirements, and you can find the details here: OLCM license vs RCM certification >
By obtaining these certifications, you not only gain valuable knowledge and skills but also increase your marketability and credibility within the industry. Clients and employers often look for these certifications as a sign of competence and professionalism, making you a more attractive candidate for various property management roles.
Education and Resources Provided by Property Manager Associations
Property manager associations play a vital role in providing educational resources and programs to help property managers stay updated on industry best practices and regulations. These resources can range from online courses to in-person workshops and conferences.
Associations often collaborate with industry experts and professionals to develop and deliver high-quality educational content. These programs cover a wide range of topics, including property management principles, legal and regulatory compliance, financial management, marketing strategies, and technology adoption. By participating in these programs, property managers can enhance their knowledge and skills, making them more effective and efficient in their roles.
In addition to formal education programs, property manager associations also provide access to a wealth of resources such as publications, webinars, and online forums. These resources allow property managers to stay updated on the latest industry trends, best practices, and legislative changes. They provide a platform for sharing knowledge, seeking advice, and connecting with experts in the field.
By taking advantage of the educational resources and programs offered by property manager associations, you can continuously improve your skills, stay updated on industry developments, and position yourself as a trusted professional in the field.
Evaluating Property Manager Associations
When considering joining a property manager association, it's essential to evaluate the association's credibility, reputation, and alignment with your professional goals. Not all associations are created equal, and finding the right one for your needs is crucial. By conducting a thorough evaluation of property manager associations, you can make an informed decision and choose the association that best aligns with your professional aspirations.
Here's how to evaluate the right property manager association for you: (click to expand)
Leveraging the Network of Property Manager Associations
Networking is a critical aspect of professional growth, and property manager associations offer an ideal platform for expanding your network. By joining an association, you gain access to a diverse community of professionals who share your interests and goals.
Networking within property manager associations can lead to various benefits, such as discovering new job opportunities, finding potential clients or partners, and gaining insights from experienced professionals. It allows you to learn from others, exchange ideas, and collaborate on projects. Through networking, you can build relationships that can open doors to new business opportunities and career advancement.
To leverage the network of property manager associations effectively, it's important to actively participate in association events and activities. Attend conferences, workshops, and seminars organized by the association to meet and connect with fellow property managers. Engage in discussions, ask questions, and share your expertise to build meaningful connections.
Additionally, many property manager associations have online platforms or forums where members can connect virtually. Take advantage of these platforms to engage with other members, seek advice, and share insights. By actively participating in the association's network, you can maximize the benefits of membership and unlock new opportunities for professional growth.
Networking Opportunities Within Property Manager Associations
Networking is a fundamental aspect of property manager associations, and they offer various opportunities to connect with other professionals in the field. Find event and networking opportunities on our Events page >
Here are some key networking opportunities within property manager associations: (click to expand)
Case Studies: Success Stories from Property Manager Association Members
To illustrate the value of property manager associations, let's explore a few success stories from members who have leveraged their association memberships for professional growth and success. We hope their stories inspire potential condo property management candidates to launch an exciting career in the condo industry!
Edward Chin’s Industry Recognition as a Genesis Award Winner: Example 1
Starting a career in property management may feel overwhelming, but it can be the first step towards an exciting career and a huge impact on a condo’s community. In a prior blog post, Edward Chin shared his personal experience about what it really means to transition into a new industry and begin his path as a licensed property manager.
With over 10 years of condo-related experience in the concierge sector, his transferable skills were quickly picked up by a board member, and he excitedly took on the challenge of a career switch into condo property management by obtaining his limited license in 2018. Only two years later, he won the prestigious “Genesis Award” (ACMO, 2020)! Edward is now a general licensee, and offers his inspiring advice on starting and succeeding in the industry with Stratastic’s audience. Check out Edward’s advice >
“One thing I can say is, I have no regrets. You become a jack of all trades, yet a master of none. This means you have to become well versed in legal, engineering, mechanical, plumbing, reading drawings, providing opinions, troubleshooting, and managing multiple projects in the same breath. Again, no regrets, best decision ever.” - Edward Chin, Ontario Licensed Condominium Manager.
The Journey of a Limited Licensed Property Manager by Tobi Ogude: Example 2
Like Edward, Tobi also recently obtained his limited license. Once he obtained his OLCM-LL Tobi’s tenacity was evident as he confidently walked into a property management company’s office looking for a job and agreeing to an on-the-spot interview (and he successfully received both!). His determination is also striking, as he committed to completing all educational requirements at once… which leaves us in total awe! Check out Tobi’s story now >
“I thought to myself, 'Wow, is it true that there’s an actual job that involves knowing, managing and stewarding everything related to these magnificent skyline-creating structures!?' I took all four licensing courses (at once!), applied for a property management job, and immediately got to work!” - Tobi Ogude, Ontario Licensed Condominium Manager.
Conclusion: The Value of Property Manager Associations for Career Growth and Success
Property manager associations offer a wealth of benefits that can enhance your career as a property manager. From networking opportunities to educational resources, industry updates, and certifications, these associations provide the tools and support you need to excel in your profession.
By joining a property manager association, you gain access to a community of professionals who share your interests, goals, and challenges - and can help you spark or strengthen your career, no matter what stage of property management you’re at!
-Stratastic Inc.
P.S. You can also find thousands of hand-curated, condo-related resources in our resource library, Stak'd!
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Note: at the time of publishing, Stratastic Inc. is not a member of, or associated with, any of the above-listed associations.