The Bosshardt Blog

Local Real Estate Manager Earns

Professional Designation

 

             Gainesville, Florida, 08/17/10 –  Aaron M. Bosshardt, President of Bosshardt Property Management, LLC, headquartered in Gainesville, has earned the Certified Property Manager^® (CPM^®) designation from the Institute of Real Estate Management (IREM^®), an affiliate of the National Association of Realtors^®.  The CPM^® designation is awarded to real estate managers who have met the Institute’s rigorous requirements in the areas of professional education, examination and experience.  CPM^® Members must also abide by a rigorous Code of Professional Ethics that is strictly enforced by the Institute.

Aaron Bosshardt has been with Bosshardt Property Management, LLC as its President for 10 years. His civic service includes serving on the Gainesville Jaycees Board of Directors and as a two time Chairman of the Annual Gainesville Jaycees Haunted House. In 2009 Aaron served as the Chairperson of the Gainesville Alachua County Association of Realtors Professional Standards Committee. Aaron Currently sits on the Board of Directors for Partners In Adolescent Lifestyle Support and the Cubscouts of America Pack 611. Aaron is also serving on the National Association of Residential Property Managers Governental Affairs Committee and has been published in their trade magazine “Residential Resource"

ABOUT THE INSTITUTE OF REAL ESTATE MANAGEMENT

The Institute of Real Estate Management (IREM^®) has been the source for education, resources, information and membership for real estate management professionals for more than 75 years.  An affiliate of the National Association of Realtors^®, IREM is the only professional real estate management association serving both the multi-family and commercial real estate sectors. With 80 U.S. chapters, 12 international chapters and several other partnerships around the globe, IREM is an international organization that also serves as an advocate on issues affecting the real estate management industry.

Membership includes more than 18,000 individual members and 500 corporate members.  IREM promotes ethical real estate management practices through its credentialed membership programs, including the Certified Property Manager^® (CPM^®) designation, the Accredited Residential Manager^® (ARM^®) certification, the Accredited Commercial Manager (ACoM) certification and the Accredited Management Organization^® (AMO^®) accreditation.  These esteemed credentials certify competence and professionalism for those engaged in real estate management.  In addition, IREM offers Associate, Student and Academic memberships.

Collectively, IREM CPM^® Members in the United States manage over $1.5 trillion in real estate assets, including 8.4 million residential units and 8.4 billion net square feet of commercial space. An additional 977,400 residential units are managed by IREM ARM^® Members. IREM Members are employed by some of the most prestigious real estate firms in the world and nearly 70% hold upper-level management positions. Due to their professionalism and vast experience, property owners and investors worldwide continually seek out the management services of IREM Members.

To learn more about the Institute of Real Estate Management and its chapter network, call (800) 837-0706, Ext. 4650 (outside the U.S. call (312) 329-6000) or visit www.irem.org

Aaron Bosshardt interviewed on TV 20/ABC about the Local Real Estate Market in Gainesville and Ocala

In preparation for this interview I polled about fifty of our top sales associates at our weekly sales meeting. I gave them three options. Is the market getting better, staying the same or getting worse? All but one answered the market is getting worse. One agent answered that the market is about the same. Foreclosures and short sales are becoming more prevalent as comparable sales on appraisals an its accelerating the drop in prices.

The good news might be the contrarian view. If almost 100% of the experts think the market is getting worse, it might actually be the sign that the market has bottomed and is due for a rebound. There are some great deals out there on the market both for speculators and investors. If we get them back into the market they could just help us get rid of all the excess supply on the market.

Now It May be A Good Move to Rent Your Unsold Home, Use a NARPM or IREM member

According to Money Magazine and republished by NAR:

Renting Unsold Property May Be a Good Move

Home owners who can’t or don’t want to sell their homes in today’s market but must move should consider renting out the property.Obtaining a professional property manager is a good first step. Professional property managers charge 7 percent to 10 percent of the monthly rent in many areas. Two associations whose members manage small residential properties are National Association of Residential Property Managers and Institute of Real Estate Management. Current rents may not be high enough to cover carrying charges, including mortgage, taxes, and insurance. Nevertheless, renting out the property may still make sense if property values rise in the next few years. Offering a 12-month lease that converts to month-to-month is a good idea, if the owners are considering selling eventually. Include language in the lease that allows a real estate professional to show the home to potential buyers with 24 hours’ notice to tenants.

Source: Money Magazine, Amanda Gengler (07/28/2010)

 

Of course the timing isn't great for Gainesville as we just finished the rental turnover season. Still the selling season has ended as well and many sellers will now face making the full payments on their vacant homes for at least another eight months until the start of the next season or they can mitigate their losses with a renter in place. About two years ago I posted a blog about why the timing wasn't right for a seller to rent their home. The pendulum has swung and now I'll have to follow up with the top ten reasons why a seller should consider becoming a landlord.

 

Bosshardt Property Managment is a NARPM and IREM member. We have a standard provision in our lease that allows for showing the property and recourse for the Landlord in case the renter stands up the prospects.

Tiffany Thomas is the Business Devlopment Manager at Bosshardt Property Management. She is solely dedicated to welcoming new clients for either management services or leasing agent only relationships. 

 

For more information about our mangement, accounting, leasing, maintenance and consulting services contact TIffany at the above link or directly at 352-371-2118 ext 447.