BUS-PM-101:Intro to Property Management

By ProfessorK Categories: Business
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About Course

This 8-week class provides a comprehensive introduction to property management, focusing on key concepts, industry best practices, and practical applications.

Students will learn how to manage residential properties effectively, understand landlord-tenant laws, and develop strategies for maintaining and growing a rental portfolio.

What Will You Learn?

  • Understand the fundamentals of property management
  • Identify the legal and financial responsibilities of landlords and property managers
  • Learn tenant selection, lease agreements, and rent collection strategies
  • Manage maintenance and repairs efficiently
  • Develop customer service and conflict resolution skills
  • Explore career opportunities in property management

Course Content

Introduction & Syllabus

  • Syllabus

Week 1: Introduction to Property Management
Overview of the property management industry Roles and responsibilities of a property manager Career paths in property management Key industry terms and definitions YouTube Video: The Importance of Sales Skills https://youtu.be/QQQe1aDy4fE

Week 2: Understanding Real Estate Markets & Property Types
Types of rental properties (single-family, multi- family, commercial) Analyzing rental markets and demand Basics of real estate investment for property managers

Week 3: Landlord-Tenant Law & Fair Housing
Federal, state, and local landlord-tenant laws Fair Housing Act and anti-discrimination policies Lease agreements and key legal clauses

Week 4: Tenant Screening & Lease Management
Screening tenants: Background checks, income verification Lease signing and move-in procedures Handling lease violations and evictions

Week 5: Property Maintenance & Risk Management
Preventative maintenance and emergency repairs Working with vendors and contractors Identifying and mitigating risks in rental properties

Week 6: Rent Collection & Financial Management
Rent pricing strategies and late fee policies Budgeting and financial reporting for property managers Understanding property taxes and insurance

Week 7: Conflict Resolution & Tenant Relations
Communication strategies with tenants Handling disputes and lease violations Dealing with difficult tenants professionally

Week 8: Building Successfully in Property Management
Getting certified: CAM, CPM, NALP, and more Starting a property management business Job opportunities and networking in the industry **Final exam.

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