Effective Property Management Advanced Course Module 1

Name: Effective Property Management Advanced Course Module 1
Rating: 4.4 (211 reviews)

Learn in depth how the professionals manage property, and you will be better off at managing properties yourself

Created byNelius Smit

Last updated 2/2025

English

What you'll learn

Course Introduction
See whether self- management can work for you
What are the Advantages when Working With A Management Firm
Is it possible to manage a property from a distance?
The pros and cons when using a professional management company
What Does A Property Manager Do
How to Find the Right Management Company for You
How To Compensate the Property Management Company
Management agreements and the obligations of a management company
Questions To Ask The Property Management Company Before Appointing Them
What Is Included In The Sale?
Procedures For Taking Over A Property
Inspections - Helpful or Not
Taxes and expenses - What does it involve?
What is a Rent Roll?
Concluding Module 1

Course content

2 sections • 20 lectures • 1h 32m total length

Course Introduction3:18
Question9:26
Being passionate and having a strong desire to help people, especially in the context of property management, requires a deep understanding of the industry and a commitment to excellence. Below, I will expand on this concept through 10 illustrations of how the application or neglect of decisions and procedures can lead to problems within an organization, drawing on real-life experiences from the real estate industry. Additionally, I will offer strategies to navigate and overcome these challenges.

Self Management or Hiring A Pro?2:42
Are There Any Advantages Of Self Management?4:32
Managing your own rental property has some distinct advantages. Watch further and see why.
Self Management
Managing Your Property From A Distance4:01
One major problem, or a few minor ones, can turn the job of managing the rental property into a nightmare. In this tutorial I discuss whether it is advisable to manage your property for afar or not
The Pros and Cons When Using A Professional Property Manager5:12
Are the pros more than the cons?
What Does A Property Manager Do2:51
Hiring a full-service management company will typically give you services. This tutorial I discuss what services you will get when hiring such company.
How to Find the Right Management Company for You8:17
When you search for a management company, you want to ensure you find one that suits you. In this tutorial I differentiate between the GOOD and the BAD.
How To Compensate the Property Management Company3:14
Management companies are compensated in a variety of ways. What kind of fees are applicable?
Management Agreements3:28
What is a management agreement and why is it so important to enter into such an agreement?
Questions To Ask The Property Management Company Before Appointing Them5:17
What are the very Important Questions that you should ask the Prospective Management Company before you may appoint them?
What Is Included In The Sale?2:00
One of the most significant disputes can arise if there’s a misunderstanding about who owns the appliances in the rental unit. What happens after there’s a change in ownership or management and what to watch out for.
What is included in the sale
Procedures For Taking Over A Property2:23
What important issues should one look for when taking over the property - In this lecture I discuss these issues.
Inspections2:03
Walking through again with the tenant now that you’re the owner can be helpful. Why?
Inspections
Taxes and Expenses3:10
The tax laws allow your rental housing business to deduct operating expenses.... What are these expenses?
Taxes and Expenses
Rent Roll3:08
Why follow state or local laws when acquiring an occupied rental property, and how should a landlord handle the tenant’s security deposit?
Rentrolls
Rent To Own - How Does It Work?15:39
Four Easy Ways To Increase Profits To Your Rentals7:11
Concluding Module 10:38
"Rent To Own" - An Alternative Method of Purchasing a New Home4:15
Entering into a "Rent to Own" contract provides a property owner with several unique opportunities and advantages. Primarily, the owner will be able to secure a potential buyer while continuing to generate rental income. This arrangement is particularly advantageous in situations where immediate sale of the property isn't feasible or desirable. The property owner effectively sets up a future sale at a predetermined price, which can hedge against market fluctuations and ensure a stable return on investment.
Moreover, tenants in a "Rent to Own" agreement often take better care of the property, as they view it as a potential long-term home. This can reduce maintenance and management costs for the owner during the rental period. The owner also benefits from a consistent cash flow through regular rent payments, which can often be higher than standard rental agreements to account for the purchase component.
Financially, the owner may request a non-refundable option fee from the tenant, which provides an immediate financial gain. If the tenant decides not to purchase, the owner retains this fee along with any premium rents paid, which are typically above market rate.
Lastly, the owner maintains property ownership and control until the final sale is concluded, providing security and continuity in managing their asset.

Requirements

Students should have a passion for property management
Students should be motivated to learn more and...
Students must have the "will" to broaden their knowledge in the field of "Property Management"
Students should be willing to interact with the lecturer and co-students to participate in property management discussions

Description

Thinking about becoming a landlord? Become a landlord and successfully manage your properties and discover how to be a landlord with ease. This Property Management advanced courses give proven strategies for establishing and maintaining rental properties. Have a single family or multi-resident unit or units? Find out what are the advantages of self-management and the pros and cons of this business. Effective Property Management Advanced course Module 1 will help you achieve your dream to become a successful residential rental property owner and will understand what to look for before you have a final deal. After completing this course, you will be prepared to know where the pitfalls are, how to identify these pitfalls and how to overcome them. Course duration - 1 hour

Who this course is for:

This course is for students who wish to broaden their knowledge in the field of property management. The course will give you in depth training in specific fields of property management as per the lectures where you will learn how to manage a residential property, whether your own property yourself or properties of others. You will find this course helpful when deciding to make use of a property management company OR whether you should manage the property yourself. You will learn the pros and cons when making use of a professional company and if not what advantages you will have in managing the rental of the unit/s yourself. Should you decide to purchase a property the important issues when you take over the property is discussed and you will learn to implement your own policies and procedures for taking over the property before you legally become the new owner. A very important issue is the inventory and what should be included in the sale before taking over the property.

Effective Property Management Advanced Course Module 1

What you'll learn

Explore related topics

Course content

Undefined2 lectures • 13min

Section 118 lectures • 1hr 20min

Requirements

Description

Who this course is for: