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The towers are not far from other high-rises, though they are far taller than their companions. The Towers are located in Morris Heights, a residential neighborhood in the Bronx, at 10, 20, 30, and 40 Richman Plaza. The Towers were sponsored by the New York State Urban Development Corporation, a public agency created by the act of the same name ...
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.
Typical duties expected of a property manager include finding/evicting, dealing with tenants, and coordinating with the owner's wishes. In addition, such arrangements may require the property manager to collect rents and pay necessary expenses and taxes, making periodic reports to the owner, or the owner may delegate specific tasks and deal with others directly.
The Institute of Real Estate Management has different tiers of membership. The organization issues different credentials, including: Certified Property Manager (CPM), Accredited Residential Manager (ARM) Accredited Commercial Manager (ACoM), or Accredited Management Organization (AMO).
Certified Property Manager (CPM) is a real estate professional designation awarded by the Institute of Real Estate Management (IREM) [1] and recognized by the National Association of Realtors (NAR). The Institute offers a comprehensive program developed exclusively for property and asset managers working with different size portfolios of all ...
When Tommy Richman moved to Los Angeles in 2022 — moved back here, that is, after an unsuccessful earlier attempt led to a retreat to his mom’s basement in Woodbridge, Va. — he lived in a ...
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