What is essential for a Certified Apartment Manager (CAM) to maintain?

Accurate and up-to-date financial records are essential for a Certified Apartment Manager (CAM) to maintain because they provide a clear picture of the property's financial health. These records include information on income, expenses, budgets, and any financial forecasting that affects operation strategies. Reliable financial documentation is crucial for making informed decisions, preparing for audits, and ensuring compliance with legal and financial regulations.

In addition, maintaining these records fosters accountability and can help in evaluating the performance of the property over time. Good financial management can also assist in identifying areas where cost savings can be made or where additional investments might lead to improved profitability.