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CPM study plan

CPM · Give each week a clear focus.

8 weeks · About 6 hours per week

Week 1

Asset management

  • Map the four asset-value levers (income growth, expense control, capital reinvestment, risk transfer) to one concrete action each on a hypothetical 120-unit property

  • Draft an annual asset plan stating target NOI, a hold/refinance/sell recommendation, and two decision triggers that would change it

  • Contrast owner objectives with manager objectives in five paired bullets, and state how you would reconcile a conflict between them

  • Score 80%+ on a 20-question self-quiz on asset management, then log every missed item in an error journal with the reason for the miss

Your checkpoint

A one-page annual asset plan for a 120-unit sample property, plus a scored 20-question quiz and an error journal listing each miss and its root cause

Week 2

Asset management & Finance

  • Classify raw line items into income and expense categories and compute EGI, NOI, and cash flow after debt service for a hypothetical property

  • Calculate cap rate, cash-on-cash return, and DSCR by hand for three scenarios (base case, 10% rent decline, 15% expense spike), then verify each figure in a spreadsheet

  • Explain in writing which of those ratios an owner will ask about first and what each ratio fails to capture

  • Complete 20 timed practice questions on income and expense analysis at 80%+ accuracy

Your checkpoint

A working spreadsheet model for a 100-unit property that outputs EGI, NOI, cap rate, cash-on-cash, and DSCR, plus a printed three-scenario sensitivity table with hand-checked math

Week 3

Finance & Risk management

  • Build a five-year discounted cash flow with a year-five sale and compute IRR and NPV at a stated discount rate

  • Identify and rank the top five financial risks on an operating property by estimated dollar exposure, naming a treatment for each

  • Apply the four risk treatments (avoid, reduce, transfer, retain) to three property scenarios and justify each choice in one sentence

  • Complete 25 mixed finance and risk practice questions at 80%+ accuracy and update the error journal

Your checkpoint

A five-year DCF sheet with IRR and NPV outputs, paired with a 10-item ranked risk register listing owner, treatment, and estimated dollar exposure for each risk

Week 4

Risk management

  • Compare general liability, property, flood, and D&O limits against a sample property profile and identify at least three coverage gaps

  • Read a certificate of insurance and list what must be verified: additional insured status, waiver of subrogation, limits, and cancellation notice

  • Write a 10-item emergency action plan and a one-page incident-reporting procedure with named roles and response timeframes

  • Score 85%+ on a 25-question risk management practice set

Your checkpoint

A completed insurance gap analysis for a 100-unit property plus a one-page incident-reporting procedure and emergency action plan

Week 5

Leasing & Maintenance

  • Write a leasing plan that sets a target vacancy rate, a renewal target, and a pricing approach for three unit types

  • Draft written resident selection criteria covering three objective standards and the documentation you would keep for each decision

  • Build a 12-month preventive maintenance calendar organized by system, cycle, and responsible role for a 100-unit property

  • Sequence the make-ready process into ordered steps with a target turnaround time in days

  • Complete 30 leasing and maintenance practice questions at 80%+ accuracy

Your checkpoint

A make-ready checklist with target turnaround days and a 12-month preventive maintenance calendar covering at least eight building systems

Week 6

Human resources & Leadership

  • Write three behavior-based interview questions and a 1-5 scoring rubric for a leasing consultant role

  • Outline a 90-day onboarding plan with 30/60/90 checkpoints and named accountability for each

  • Draft a coaching and progressive-documentation plan for an underperforming team member, including conversation dates and written expectations

  • Give three concrete workplace examples that separate leading from managing, and state which you default to under pressure

  • Complete 30 HR and leadership practice questions at 80%+ accuracy

Your checkpoint

A one-page coaching and documentation plan for a struggling team member, plus a 90-day onboarding outline with 30/60/90 checkpoints

Week 7

Managing your firm & Marketing & comms

  • Build a one-page business plan for your own management firm covering fee structure, staffing model, and target portfolio size

  • Calculate break-even management fee revenue from a fixed-cost load and a variable cost per unit, and state the minimum doors needed to break even

  • Write a 90-day marketing plan naming one target segment, three channels, a budget per channel, and one KPI per channel

  • Draft a 200-word crisis communication holding statement for a water intrusion event that reaches 40 units

  • Score 80%+ on a 30-question mixed set covering firm management and marketing

Your checkpoint

A one-page firm business plan with a worked break-even calculation, plus a 90-day marketing calendar listing channel, budget, and KPI for each activity

Week 8

Sustainability & Asset management & Finance & Risk management

  • Build a 12-month sustainability action list in three categories (energy, water, waste), each item carrying an estimated cost, a payback period, and an owner-approval threshold

  • Calculate simple payback for two sample efficiency upgrades and state which one you would recommend first and why

  • Re-answer every item in the error journal until each one is correct without notes

  • Complete two full-length timed practice exams at 85%+ and review every rationale, correct or not

Your checkpoint

A 12-month sustainability action list with payback math for each item, plus two completed full-length practice exams scored at 85%+ with a final one-page weak-topic summary

Milestones

Week 2: Spreadsheet model reproduces all hand-calculated ratios for the base case and the two stress scenarios with zero variance

Week 4: Score 80%+ on a 60-question cumulative practice exam covering asset management, finance, and risk management; list the five weakest topics with a remediation date for each

Week 6: Score 80%+ on a 50-question cumulative exam covering leasing, maintenance, HR, and leadership; error journal shows no repeated miss of the same concept

Week 8: Two full-length timed practice exams both scored at 85%+ and error journal fully cleared, with no domain scoring below 75% on the final attempt