What is a "CAM" certification in multifamily?
Mar 27, 2024
CAM Certification in multifamily refers to a Certified Apartment Manager certification. It's a professional designation awarded to individuals who have demonstrated a high level of knowledge and expertise in the management of multifamily housing properties.
This certification is typically offered by organizations like the National Apartment Association (NAA) and is recognized as a valuable credential in the multifamily industry.
Key areas covered in the CAM certification exam include:
Property management: Lease administration, rent collection, tenant relations, and property maintenance.
Financial management: Budgeting, accounting, and financial reporting.
Legal compliance: Fair Housing laws, landlord-tenant laws, and other relevant regulations.
Marketing and leasing: Advertising, tenant screening, and lease renewals.
Maintenance and operations: Property inspections, repairs, and preventative maintenance.
Obtaining a CAM certification can enhance a professional's career prospects, demonstrate their commitment to the industry, and provide them with the tools to effectively manage multifamily properties.
Aside from NAA's CAM certification, there are other similar certifications including:
Some examples of other organizations that offer CAM certifications include:
Institute of Real Estate Management (IREM): IREM offers the Certified Property Manager (CPM) designation, which includes a focus on multifamily property management.
National Multifamily Housing Council (NMHC): NMHC offers the Certified Apartment Industry Professional (CAIP) designation, which covers various aspects of multifamily property management.
