When it comes to multifamily buildings, who is in charge of the property and how well those people are trained are critically important factors in the successful operation of the community. The best property managers stay current in their industry by keeping abreast of new developments in building technology, administration and communication. While networking with other professionals is a way to stay up to date and reading industry publications like The South Florida Cooperator also helps, few things are better for a manager’s professional development than taking continuing education courses.
Where to Learn?
There are many classes and enrichment programs available to Florida’s property management professionals. These programs are not only an industry requirement, they can also help improve one’s professional skills and advance careers. And to professionals like Gary Budd, president of Crest Management Group in Boca Raton, continuing education is essential to competency. “In order for a property manager to be fully knowledgeable, they should be doing 30 to 40 hours a year on education,” says Budd.
Under Section 468.432 of Florida Statute and parts of the Administrative Code, managers are required to have a license if they manage community associations for compensation when the association or associations served contain more than 10 units or have an annual budget or budgets in excess of $100,000.
Florida's Department of Business and Professional Regulation (DBPR) requires property managers complete continuing education coursework in order to renew their Community Association Manager's (CAM) license, according to Michael Richter, president of Community Planning Associates in Boca Raton. “Florida statutes require 20 hours of continuing education every two years and those 20 hours need to be in certain categories,” Richter says. “There is a two hour legal update every year and then four hours of insurance and finance, physical operations, human resources and electives.”
Large management companies might offer their own in-house instruction or greatly encourage their property managers to take extra continuing education courses outside of the mandatory course load. Some companies, such as Crest Management Group, will even pay for the certification or continuing education of employees.