What Every Property Management Association Wants You To Know
Category Advice
Whether you are currently managing a property in some capacity or are toying with the idea of taking on a management role for the first time, knowing what to expect in your property management journey can be really helpful.
Joining a property management association can be a good first step in the right direction. In this blog we share some commonly asked questions about property management associations, their function and the benefits of membership.
Firstly, what is a property management association?
A property management association is an organisation that works to support a community of property managers, either at local, provincial or national levels. Its main function is to promote the interests of the property managers that make up its membership.
Some noted South African property management bodies include the National Association of Managing Agents (NAMA), the South African Property Owners Association (SAPOA), the South African Facilities Management Association (SAFMA), various homeowners associations and other similar organisations.
Their purpose is to empower property owners and managers with information, resources and tools that will support them to fulfill their role.
What are the benefits of joining a property management association?
Joining a property management association can offer certain benefits to members depending on the organisation, and usually includes:
- Educational and training opportunities like workshops, courses and seminars
- A supportive community of fellow property managers of all kinds
- Networking opportunities like national events, area conferences and weekly meetups
- Lobbying representation on municipal and national levels
- Engagement of key stakeholders on the member's behalf
- Access to specific property management resources
- Exclusive newsletters, the latest industry research and other industry communications
- Access to online forums, support groups and directories where members can share knowledge or ask for support or advice
How can I join a property management association?
Membership is usually as simple as contacting the organisation you are interested in joining online, via email or telephone, filling in application forms, submitting specific documentation and taking any additional steps they require of you. Some associations may require annual membership fees as well.
Do I have to join a property management association?
No, but the benefits of joining one stand to serve and support you very well as you navigate the ongoing challenges of being a property manager. It is worth considering and investigating fully before you make your decision.
Managing property is rewarding but it can also be time and energy consuming. There will be times when you need trusted advice and support from other seasoned property managers and industry experts. A property management association is where you will find the right information.
Not sure if now is the right time to manage property? Let's talk.
If you're not quite ready to manage a property on your own, we would love to help. Our team of professionals specialise in all kinds of property management services, including Sectional Title and HOA Management Services, rental property management, commercial property management, and holiday and short-term letting management.
Contact one of our offices today or find an agent near you to set up an introductory meeting.
Author: SAProperty.com
