The 2022 NARPM Benchmark Study is now full!
Keep up to date with the latest developments in the #BeatTheBenchmark Forum. Study results will be presented LIVE on Thursday, October 20th at the NARPM National Convention in Las Vegas.
Think you can guess what the new benchmarks will be? Don’t miss your chance to win big in the #BeatTheBenchmark game in the vendor hall at NARPM National! Come ready to play in Vegas!
The 2022 NARPM Benchmark Is Now Full!
Keep up to date with the latest developments in the #BeatTheBenchmark Forum. Study results will be presented LIVE on Thursday, October 21st at the NARPM National Convention in Las Vegas.
Think you can guess what the new benchmarks will be? Don’t miss your chance to win big in the #BeatTheBenchmark game in the vendor hall at NARPM National! Come ready to play in Vegas!
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Produced by
applicants
converted to the NARPM Accounting Standards
average unit count
total units represented
How It Works
Apply to Join
Take 10-15 minutes to complete the initial application now. (The 2022 NARPM Benchmark Study is now full.)
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
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.