11-12-1997 Council Agenda - Laserfiche WebLink

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Why Astute Investors Choose AMO Finns In today's complex real estate markets, selecting the right real estate management firm is one of the most important decisions owncrs and investors can make. With more than 10,000 real estate management firms to choose from, this can be a difficult decision. That's why asmre investors choose ACCREDITED MANAGE- MENT ORGANIZATION (AMO) firms. These investors know that, with AMO firms, they will gee Accreditation A firm chats accredited is set apart from chose that aren't as having met higher standards. IREM alone accredits real estate management firms and awards the AMO designation co chose that meet its stringent criteria. Fewer than 700 firms in the United Scares and Canada have qualified for this prestigious designation, Stability An AMO firm has beery in the real estate management business for at least three years —and most AMO firms have been in business for many more. This translates into the experience and financial stability investors are seeking. Honesty and Integrity AMO firms are sworn to uphold minimum standards and a Code of Professional Ethics which is enforced by IREM. Professional Management Staff The real < state management activity of every AMO member firm is supervised and directed by a CERTIFIED PROPERTY MANAGER member of IREM. CPM° is the most widely recognized designation in the real estate management arena. A CPM member at each AMO firm has completed IREM's advanced -level course on "Managing the Management Company" in addition to having met the rigorous criteria needed to become a CPM. Insurance Protection Every AMO firm is required to carry a fidelity bond and depositor's forgery and alterations coverage —and IREM is notified if this coverage is ever lost. In addition, this insurance must meet strict criteria governing exclusions, deductibles, and the insurance company's raring. Reputation AMO firms have served the real estate industry since 1946, and IREM's consistent growth is indicative of the value of the AMO designation. Today, an elite group of over 1,200 AMO offices manage: . $88 billion in real estate assert . l.5 million residential units . 600 million square feet of commercial space Areas of Specialty Most AMO firms specialize in real estate management, although over one -third characterize themselves as full- service real estate firms. There are over 650 AMO headquarters offices and just as many branch offices. AMO firms operate in almost every state and Canadian province and some have offices in foreign countries. A number of the firms operate on a regional basis and are able to provide services to all of your properties, no matter where they are located. To help you find the AMO firm that's right for your investment properry, this directory lists the areas of specialty of each AMO firm. The letter codes accompany- ing each AMO listing refer to the real estate management services each office provides as indicated by the firm. The number codes accompanying each AMO listing refer to the other real estate services the firm can provide. Individual firms should be consulted for further details. Principal contacrs at each AMO are indicated by a diamond (10). Property types: A Conventional apartments C Condominiums F Federally assisted housing H Cooperative housing 1 Industrial parks M Mobile home parks 0 Office buildings P Public housing R Retail properties and shopping centers S Single-family homes T Hotels and motels W Warehouses and miniwarehouses Other services: 1 Brokerage 2 Leasing 3 Construction services 4 Consulting 5 Appraisal 6 Financing 7 Tax appeals 8 Maintenance 9 Facilities management