Announcing the...

2022 NARPM Benchmark Study!

Join the community of PMs who are committed to raising the bar of financial performance in the PM industry by contributing to the 2022 NARPM Benchmark Study!

How do you stack up to the latest trends in industry performance?
Find out your standing (at no cost to you!) with these two steps: 

    • Help NARPM define the latest industry benchmarks
    • Receive a 1:1 Financial Performance Review from the study authors
Announcing the...

2022 NARPM Benchmark Study!

Join the community of PMs who are committed to raising the bar of financial performance in the PM industry by contributing to the 2022 NARPM Benchmark Study!

How do you stack up to the latest trends in industry performance?
Find out your standing (at no cost to you!) with these two steps: 

    • Help NARPM define the latest industry benchmarks
    • Receive a 1:1 Financial Performance Review from the study authors

Presented by

Produced by

0

applicants

0 %

converted to the NARPM Accounting Standards

0

average unit count

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total units represented

How It Works

Apply to Join

Take 10-15 minutes to complete the initial application now. Apply here.

Contribute Your Data

If you are selected to join the study, you will be asked to provide up to three years of corporate financial data and PM unit data. Your data will be aggregated with all other respondents’ data and then analyzed to provide industry-wide insights.

Compare Your Results

As part of your participation in the study, in addition to other benefits, you’ll receive a 1:1 Financial Performance Review from the study authors, including a deep-dive analysis of your financial performance compared to the updated key financial benchmarks.

Success Stories from the NARPM Accounting Standards

Join the 2022 NARPM Benchmark Study to boost your own financial performance and help create more PM success stories like these:

Why It Matters

Why are you in business? What is your goal? 

Do you know the specific numbers that are essential to achieving your goal?

We’re talking beyond the door count. Everyone wants more clients. But how effectively are your current resources working for you? Are you on a financially sustainable path? 

Can you answer these questions with numbers? 

In 2019, the NARPM Accounting Standards (NAS) gave NARPM members a framework to know your own numbers, as well as some solid benchmarks. If you know your numbers, and you know the benchmarks, then you know both where you are, and what’s possible.

Now you can define a realistic target that gets you to where you want to go. And with this financial clarity, you may just find that you can achieve more than you thought possible.

Scores of property managers have experienced exactly that. Like Shirley with 3G Properties, for example. Three years ago, she was managing 153 units, and paying (losing!) $19,377 to do it. Today she’s managing 223 units, working less than half-time, and taking home $221,688…in addition to her market-based salary. That’s the power of financial clarity.

Maybe you’re one of those success stories. (And even if not, we think you could be.) 

Yes, the 2019 benchmarks are very helpful. Game-changing, even. But we’ve found a need to go further. We need new and improved metrics with deeper layers of insight. We need updated numbers that reflect the current realities on this side of COVID and the real estate market swings. 

You need to know you’re still aiming at the right target.

It’s time for NARPM Accounting Standards (NAS) 2022.

NARPM is conducting the 2022 NARPM Financial Benchmark Study! This study is designed to provide PMs with updated business insights for today’s market.

  • Newly segmented benchmarks so you can compete in the division that makes sense for your business.
  • Fresh insights for your strategic decision-making.
  • Next-level targets for the growth-minded entrepreneur to aim at — and then crush.

ProfitCoach, the team behind the original benchmarks, will administer the study on behalf of NARPM. 

And YOU have an opportunity to help define the newest benchmarks… and even which benchmarks matter most to you!

NARPM has spearheaded many initiatives to grow and improve our industry. But the true significance of the NARPM designation has always come from the contributions of individual NARPM members. Your success as a NARPM member has been fueled by the willingness of other NARPM members to reinvest in their community.

This time, the industry needs you. (Yes, you.) If you’ve never known how to get involved before, this is your chance. 

By joining NARPM and ProfitCoach in this 2022 Financial Benchmark Study, your experience will be immortalized in the next generation of NARPM benchmarks. You’ll forever be part of the community that helped to elevate property management from gut instinct to the next level of scientific clarity.

What this Means to You

You’ll receive admittance to the exclusive 2022 Study Contributors Club

  • A private Facebook group with access to updates and early insights emerging from the study
  • The satisfaction that through your contribution to this study, your voice and your experience has helped to advance the entire industry
  • And more announcements to come...

You’ll receive a 1:1 Financial Performance Review from the study authors

  • Deep-dive analysis of your financial performance compared to the updated key financial benchmarks
  • Top highlights of your financial performance strengths
  • Your top three opportunities for improving profitability

Final question: Can we count on you?

Apply now for your chance to join! We couldn’t be more excited, and we’re looking forward to partnering with you to take the entire industry — including you — to the next level of success. Join the community of intentional PMs who are setting and exceeding the benchmarks for financial performance!

FAQ

Your data will be kept strictly confidential, and will not be shared with any 3rd parties.
All you’ll need to do upon being selected to join the study, is provide access to specific reports in your accounting & PM softwares, and complete a survey with a few additional questions about your company. If there are any questions about your data, you may need to provide a few additional answers. That’s it!

No, you can still join! We would like to include your data in the Benchmark Study, whether converted or not converted. But if your books are converted, your data will help us provide deeper insights from the study, and we’ll be able to provide you with better analysis of your company’s performance compared to the new benchmarks.

Contributors

(PM's who have applied to join the 2022 NARPM Financial Benchmark Study)
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