How To Effectively Manage a Property Portfolio

This course will give you proven strategies to make rental property ownership and management both profitable and pleasant. I am going to show you how to generate an income or increase your rental income through managing your own property as well as managing properties that belong to property investors and landlords.

A rental property owner knowing how to properly manage his or her rental property or those properties of others and who responds to legitimate concerns of its tenants will be rewarded with good people who stick around. The key is to properly maintain your rental property and to invest in upgrades and improvements. Students will learn from my hands-on experience and lessons from my own real-life examples.

During this video course, I am making some general expectations about who and what you are:

1.You're an unintentional property owner;

2. You're one of those who made a sensible decision to become a rental property owner.

What does it takes from you to manage your rental property or the renral properties of others?

Is it better to perhaps leave it to a professional which you could hire to do the work for you?

Property Management

Exploring Different types of property
What is property management all about?
Steps involved in renting property
Day to day property mangement

Property managers
Points to be considered when acting as a property manager
Working hours
Demanding tenants

Here you will learn the different classification of rental properties

Setting the rent can be quite tricky and in this lecture I show you the decisions you have to make before a tenant moves in

Your dreams could be shattered! Learn to move your tenants in and out and How To Collect Rent

In this lecture you will be learning:
How to manage people;
Advantages of owning rental property;
Identify good property managers;
To access your management skills and experience

Despite your best screening efforts, you are going to make the wrong decision. Lessen the elements by getting to know some of the problems you may encounter

In this lecture I will teach you how to safeguard the value of your investment

The difference between good and bad management is discussed in this lecture

A long term investment category allows you more wealth in your lifetime than you can with just one source of income. Why?

Part time or full time property management? - You are in control

Know your strengths and weaknesses

Have questions about Property Management or Property Managers going out of business?? Check out these FAQs we’ve received from other customers:

1. How Do Realtors or Estate Agents get into Effective Property Management? 

Realtor's list and sell properties for a living and when they manage the fund do so as a side line to their primary business and do it quite well. So, most clients will ask the question heather they cannot rent the property when they cannot sell it? The problem is that most of cannot say no to their clients and they will start a new and different business and try out Property Management. The question they ask is if I cannot sell a house why can't I lease one? But they do not realise that Property Management is different than listing and get into something that they have not received training for and do not know a lot about it.

Property management is really different to listing and selling properties!

By thinking that you can sell and rent properties, will cost you dearly. A lot of companies got out of Property Management because they did not intend to get into it. They just got into it and discovered that it was actually much harder than it looked.

2. What tools should Be Used to Do Effective Property Management?

Some companies just went out of their way and used software like Quicken to manage their clients’ money, the current accounts to manage the rent and the sales agents to do the leasing, the sales manager to oversee the rental apartment and their local MLS system to do their advertising. The tools that you should use and develop should be designed to manage your rental portfolio. Professional property managers will adopt specific software tools that are designed for the rental and will not try to adapt existing systems which are not designed to do the job.

3. What model should I Use to Manage an Effective Property Management division?

Do not build the wrong model and manage credit communities, government subsidise housing, ragged duplex communities, and $5 000 a month mansion's and not realizing that reach of these is managed in a different way. There are a lot of managers that go out of business because they struggle with the aspect of management.

 Start-up manager will find it very difficult to compete with established professional property businesses and will be forced to compete by lowering their fees. It takes a lot of money and small operations will find it hard to function on a lower budget to run a staff, keep the books, oversee maintenance, property checks, properly advertise and further manage funding their business.

Discounting your property management fees could just be a short-term solution!

4. Should I or The property Manager/s Adhere to Effective Property Management Protocols?

A property manager can wear many caps and they cannot afford good staff to track important management details when things start to fall apart. Leases from month to month instead of renewing them for another year or two and also taking partial rent and losing the ability to evict over unpaid balances. Property Managers should also regularly do proper move in inspections which some fail to do. Also approving weak applicants, not enforcing a pet policy, and not doing regular property visits can be fatal. These are little things that can undermine the productivity of a rented property.

There is a lot of moving parts to managing a property business and this cannot be done as a side line business.

The very important fact is that you should train yourself as an Effective Property Manager when managing your own property or properties of other.

Property School Online offers online training through the e-learning system where you can learn and get training for yourself or for Property Managers on how to manage properties effectively and making a success of property management. Please bear in mind that property management is a specialized business!

Have a question that wasn’t covered here? Contact me in the Q & A section and I will gladly assist.

The Free course is followed-up with "Property Management Advanced Course Module 1" which offers solid rental property management advice, especially for the small rental to medium property owners, landlords and real estate agents and cover specific topic areas more in detail. Each Module addresses major areas of rental housing management.
I explain the following more in detail:
 
How to attract qualified prospects; select and screen tenants; maintain the rental rate; handle security deposits, rental contracts, broken and leaking water pipes, late rental payments, tenants who overstay (my motto: you can't stay if you don't pay!), and much more. 

Find the topic you want to know more and start watching the particular video right there!  

REMEMBER:- Everything is manageable and workable BUT you must know what you are doing!