Effective Property Management Advanced Course Module 3

Name: Effective Property Management Advanced Course Module 3
Rating: 4.3 (56 reviews)

Easy Ways To Professionally Manage a Property Portfolio or Property Portfolio's Of Others

Created byNelius Smit

Last updated 4/2022

English

English [Auto],

What you'll learn

You will see tangible results by taking action throughout the entire course
You will learn how to practically implement the strategies I teach in the field of property management
You will improve your property management brand identity

Course content

1 section • 25 lectures • 1h 26m total length

Introduction2:36
What Is The Big Three Of Property Management?1:10
Learn to determine the appropriate rent for your unit, set security deposits wisely, and choose between leases and month-to-month contracts, with tips on advantages and disadvantages.
You Bought a Tenant-Occupied Property But Know Nothing About Property Management4:12
Own and manage a tenant-occupied property you bought; understand contracts and deposits, consumer protection laws, eviction, and rule enforcement, or hire a property management company.
How To Set Rent For a Unit/s3:05
Learn two methods for setting rent: investment analysis and market analysis, and determine your break even income while considering market conditions and lease status.
How To Add A Review and Rate This Course3:54
Discover how to leave an honest review and star rating for this course, navigate to the dashboard, and share what you liked and what could improve to help future students.
Inspecting Return On Investment (ROI)4:23
Calculate ownership and operating costs for rental properties, set a conservative ROI target, and project cash flow with vacancy allowances to attract reliable tenants.
Comparative Market Analysis (CMA)6:58
How To Determine Rent Through Rental Concessions2:59
Learn to determine rent by analyzing rental concessions to arrive at the net or effective rent. Compare competitively and calculate monthly rates from total lease amounts.
How Shall I Market - Gross Rent Versus Net Rent5:19
Balance gross rent, net rent, and concessions to maximize occupancy and minimize lost revenue, while avoiding per head rent practices and noting rent control and fair housing implications.
How Much Am I Allowed To Charge Legally For My a Rental Unit1:41
Where and How Should I Keep Security Monies3:28
Should I Pay Interest On Security Deposits Held?3:05
Explain how state laws govern paying interest on security deposits, how interest is calculated and paid annually, and when to adjust deposits for fixed-term or month-to-month leases.
What Type Of Rental Contract Do I as Landlord Want3:22
How To Develop & Structure A Marketing Plan4:48
Identify your rental property's target market by evaluating location, features, and tenant needs, then tailor a marketing plan to attract qualified applicants and beat competition.
Various Approaches To Advertising3:16
Advertise rental properties by targeting a small group of qualified renters with rifle approaches, while using shotgun methods and referrals, signage, and newspapers to balance reach and cost.
Long or Short Term Lease - Which Is Best4:33
Download "ADDENDUM TO RENTAL AGREEMENT"
How To Handle Non-Refundable Deposits2:51
Effective Ways To Create a Great Ad2:22
Make Your Property Rental Ads More Effective With These 5 Ways6:32
So what happens when the landowner has posted an online advertisement for their investment property and they actually get no calls? No landowner needs their investment properties to sit vacantly! Leaseholders won't call the proprietor except if the advertisement grabs their eye.
In this video, I discuss the various approaches to improve the substance of the advertisement and its visual and serious appeal.
How Can I Get A Property To Look "Wow"3:24
What Are The Laws When Advertising4:52
Learn how federal fair housing laws govern rental advertising, prohibiting discrimination by protected classes, enforcing equal housing opportunities, and guiding screening, listings, and logos.
Why Should I Think Like a Tenant1:47
Think like a tenant to advertise effectively, drawing on renters’ online shopping habits and location-focused strategies. Most renters search online, view a few properties, and stay nearby.
The Value Of The Internet4:38
Utilize the internet to attract tenants through online listings and a personal site, detailing location, unit features, rent, utilities, photos, and how to contact you.
Conclusion0:57
Learn proven strategies to manage your properties and build a solid portfolio and income stream. Apply these daily actions and share feedback to help future students.
Bonus Lecture0:27

Requirements

This course is for anyone but it would be good for students to watch the FREE course and start with the Advanced Course as per Module 1 to broaden their knowledge.
Students should be willing to interact with the lecturer and co-students to participate in property management discussions
Students should have a passion for property management
You should be ready to take action and see real results!
This course is suitable for business entrepreneurs who are looking for ways to increase their daily productivity in the Property Management Business.
The information and tips in this course are also helpful for people who wish to manage their own properties

Description

In this advanced course, you will even learn more about property management. Before advertising and showing your rental unit, you need to set your asking rent. I will guide you through the process of doing this. Through determining your rent based on the return on your investment, I show you how to calculate the costs of owning and operating a rental property. I will also show you the best way to set your rent to conduct a market survey of comparable rental properties in the area where the property is situated. You will set your final asking price so you can formulate a marketing strategy to ensure you get the best price for your rental property.

The importance of taking the correct security amount from a tenant is crucial as this serves as the protection you need before turning your real estate asset (the rental unit/s) over to a tenant. This is your best insurance policy for getting your rental unit back in decent condition. What happens to a security deposit after a tenant paid the same? These funds legally belong to the tenant and I explain more in detail what must be done with these deposits and when to refund the deposits paid by tenants.

Long term or short term rental contracts - which is the best? Why is a marketing plan so important? I take you through from creating a marketing plan (which helps you narrow your focus and set goals) to writing ads and to use the incredible resources of the Web to broaden your reach for prospective tenants. I further discuss Fair Housing laws whenever you advertise and Internet marketing.

You can count on this course to be your essential step-by-step toolkit to accelerate your success in Property Management
With the strategies that you learn from this course, you will be able to efficiently capitalize on Property Management and get more every day!

Course duration - 1.5 hours.

ONE-TIME ENROLLMENT FOR LIFETIME LEARNING

Get live access to NEW and UPDATED content at zero additional charges after enrolling in this course. This course will be regularly updated to bring you the latest tips and information!

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30-DAY MONEY-BACK GUARANTEE

I trust that you'll like this course as much as I enjoyed teaching it.

You can choose to cancel the course if it is not to your liking within the first 30 days and get a full refund of your money.

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Are you excited to start experiencing the enjoyment of working more efficiently than you've ever been?

Getting yourself enrolled is easy. Just click on the "Enroll Now" button on top and I look forward to seeing you on the other side!

Who this course is for:

Anyone who is involved in property management as a landlord, property manager, working in an estate agency firm handling property management on behalf of the firm and wish to broaden their skills in property management.