What is an Independent Rental Owner (IRO)?
NAA defines an Independent Rental Owner (IRO) as an NAA member or prospective member that owns or manages a small number of rental properties, and is actively involved, from an ownership perspective, in the management of properties. Typically, these properties are defined as having a small number of rental units at any single location. These smaller-sized properties generally require a unique property management style, as opposed to the management style used for properties of larger-sized companies.