Happy 10th Anniversary to the Oahu Chapter of the National Association of Residential Property Managers (NARPM)!
Elaine Saigusa (B), CRS, RMP
2014 NARPM Oahu Chapter President
The Oahu Chapter was established in 2004 with approximately 80 members, and today we are one of the largest chapters in the nation with 215 members. I’m pleased and proud to be elected to lead the Chapter as President in this anniversary year.
On a national level, NARPM was founded in 1988 as a collective effort to represent licensed, professional property managers in matters such as Federal Fair Housing Law, tax law, legislation, legal document requirements, accounting practices, insurance, building codes and more. Since then, NARPM has grown to over 4,500 members across the country. NARPM provides a variety of educational programs for new and experienced property managers. Classes are taught by nationally certified instructors who are property managers and/or business owners who have experienced the satisfaction and difficulties of this career choice. NARPM has clearly helped change the face of property management and increased the level of knowledge and professionalism in our industry.
NARPM members adhere to a Code of Ethics that promotes a high standard of business ethics, professionalism, and fair housing practices. The education offered at national conventions and regional conferences, which is now available on-line, covers a wide range of relevant topics that affect our industry. The tradeshows showcase a variety of services and products to help organize and simplify our management businesses.
NARPM offers 2 national designations, Residential Management Professional (RMP) and Master Property Manager (MPM). In Hawaii, we have 16 professional property managers with their RMPs and 2 professional property managers with their MPMs. There are 9 candidates working on their RMP and MPM designations.
Our Oahu Chapter holds monthly luncheon meetings for members.
A typical meeting features knowledgeable guest speakers who address a broad range of subjects, including legal issues, illegal drug use, internet and cyber security issues, renter’s insurance, advertising, tenant screening and selection, and economic forecasts. Real estate agents who are not members of NARPM are welcome to attend up to 2 meetings per year. Each year the Oahu Chapter holds its popular Property Management Seminar geared to individual owners who rent and manage their own property. This year it will be held on August 19. It features panel discussions by top professionals in real estate and related industries, legal updates, a continental breakfast, a buffet lunch, and a tradeshow. More information regarding pricing and registration will be posted on our website in coming months. The seminar has sold out every year, so check the website (oahu.narpm.org) and continue to read this column for information on early registration.
Community service is a large part of the agenda of the Oahu Chapter. To that end, over the last 8 years, it has raised money and collected goods to benefit the Hawaii Food Bank, River of Life, Hawaii Red Cross, Make A Wish Foundation, Maile Elementary School, Kahikolu Ohana Hale O Waianae, HUGS and many other programs.
2014 RENTAL MARKET OUTLOOK. The rental market like the real estate sales market is dealing with low inventory. Rental units that are priced right and in good condition will generally have a much shorter vacancy period. As the rental rates have increased in certain areas, tenants also have higher expectations. Most landlords do credit checks as well as employment, income, and reference verification. Effective January 1, 2014, Hawaii Military’s Basic Housing Allowance increased 14.7% and is one of the highest in the nation.