Maplewood Mansion

Offered as either a master of arts or master of science, Ball State’s master’s degree in residential property management (RPM) will deepen your knowledge of real estate and property management while also putting you on the fast track to advanced positions in the industry.

Students with undergraduate degrees in a variety of majors (architecture, interior design, marketing, psychology, sociology, general studies, and others) have completed the RPM Master’s degree to successfully launch their careers into a variety of diverse positions with organizations throughout the country.

What Can You Do with a Master’s Degree in Residential Property Management?

Opportunities are available throughout the real estate industry in multifamily housing, condominium communities, corporate housing, government-assisted housing, retirement housing, student housing, and commercial real estate. Our alumni are succeeding in a variety of onsite and corporate-level positions such as:

  • community director
  • leasing manager
  • regional property manager
  • director of multifamily marketing
  • director of multifamily operations
  • property systems coordinator
  • commercial property manager
  • construction coordinator
  • real estate analyst
  • property management instructor

Degree Requirements

This degree includes advanced coursework in RPM plus hands-on learning opportunities. Several requirements are necessary.




You must have a basic understanding of property management by demonstrating competencies in these undergraduate courses:

  • FCPM 104 Housing Decisions
  • FCPM 235 Introduction to Residential Property Management
  • FCPM 275 Marketing and Leasing Residential Properties
  • FCPM 305 Maintenance for Property Managers


As a graduate student in our RPM program, you must complete an internship. This requirement is waived for those with an RPM undergraduate degree or six months of experience in the industry. Paid internship opportunities, some with furnished housing, are available through our industry partners nationwide.


The RPM Program is affiliated with the National Apartment Association (NAA), which allows students pursuing RPM at the graduate level to sit for the Certified Apartment Manager (CAM) designation exam. The CAM exam covers content areas from the entire graduate program.

The degree also allows students to waive many of the courses that are required for the Certified Property Manager (CPM) designation as a result of the RPM Program’s affiliation with the Institute of Real Estate Management (IREM).

Students taking FCPM 275 as a prerequisite to graduate work in RPM may also sit for the National Apartment Leasing Professional (NALP) designation exam. The designation is not available to those testing out of the course.


A few of the classes you will take include:

  • FCPM 530 Advanced Operations Management
  • FCPM 535 Advanced RPM Project
  • FCPM 585 Advanced Simulation in RPM
  • FCPM 635 Trends and Issues at the Corporate Level in Property Management

For a complete list of all courses, their descriptions, and additional program requirements, please see our Graduate Catalog.

View Catalog

Paying for Your Education

College Graduate Assistantships

A graduate assistantship is an excellent opportunity to gain meaningful professional experience while helping cover the costs of your degree. Learn more.

Ready to Apply?

Interested in applying? The first step is applying as a graduate student at Ball State University.

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More Information

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