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How To Start Profitable Property Management Company?
Rating: 4.3 out of 5(188 ratings)
2,023 students
Created byEbonie Beaco
Last updated 9/2019
English

What you'll learn

  • Students will understand in detail everything they need to know about being successful in property management.
  • Students will learn how to market their property management business and get new investors.
  • Students will learn the basics about real estate asset management.

Course content

5 sections • 11 lectures • 2h 45m total length

  • Property Manager Verses An Asset Manager Introduction10:41

    Property management and asset management are two different professions.

    Property management concentrates on the day-to-day operations of a property.  People who work at specific properties are typically fulfilling property management responsibilities.  A property manager maintains the value of a property.  Property management includes, but is not limited to:

    • Maintenance of the property and facilities
    • Renting dwellings, sites, rooms, etc.
    • Collecting rent and other charges
    • Working with staff and contractors
    • Dealing with resident, tenant and guest issues
    • Enforcing rules, regulations, covenants, guidelines
    • Risk management

    Asset management is centered on financial matters; maximizing the return on investment and value of property.  They are adept at streamlining operations and re positioning a property to reduce costs and increase income.

    Asset managers understand real estate as an investment.  Asset management includes tasks such as:

    • Prepare long term financial forecasts and perform cash flow analysis and compute internal rate of return in order to determine a property’s financial performance.
    • Perform due diligence for acquisition or disposition of property and provide recommendations.
    • Determine value of a property and what can be done to increase the value.
    • Find and work with lenders.
    • Negotiate on behalf of the owner
    • Market an asset to increase revenue.

    There are asset managers who are very involved at the property level, but there are also some who are not.  Much depends on the company environment in which they work.

    Most real estate managers are either a property manager or they are an asset manager. The best real estate managers know how to perform both jobs.

    Very seldom will you find a property manager who has made the transition to asset management.  But if you want one person who does both, they are out there if you look hard enough – this lecture will teach you how to have the basic concepts of being a property manager and asset manger.

Requirements

  • The willingness to learn and take proper notes.
  • Computer with internet connection

Description

For all Landlords, Entrepreneurs and Realtors who want to start a property management company or Property Managers who wants to advance your property Manager career.

This Property Management course is designed to teach students how to start a property management company, evaluate and select investment properties, establish favorable leasing terms and conditions, screen and select tenants and understand all areas of asset management. Students learn to identify maintenance concerns, hire employees and contractors, manage legal and financial issues, establish healthy tenant relationships, and enforce rent due dates. Special topics include specific housing markets, affordable housing, asset management, ROI and cap rates.

Topics: Introduction to Property Management, Property Manager's Duties, Marketing, Fair Housing, Landlord/Tenant Ordinance, Eviction Court, Nuisance Abatement, Real Estate Tax Issues, Asset Management, Management Plans, Management Agreements, Maintenance, Interacting with Tenants, Leases, Real Estate Practice and Budgeting.

Property management is a special category of real estate work. The term "property management" generally refers to the group of services that an owner/investor hires a professional property manager or management company to perform. The quality of management directly affects the profitability of the property being managed (Asset Management). A skilled property manager thus protects the owner's / investors capital investment in real estate and makes sure that the property generates profit (ROI). 

Students will cover a property manager's basic functions, including administrative duties, leasing practices, and the manager's legal relationships with the owner and the tenants of the property. The course also discusses the way to construct a management agreement so that the manager and the owner / Investor  clearly understand each others roles. Students will also benefit from understanding the various types of property management, as well as the duties that successful property managers must carry out.


To Ask Questions and Be A Part Of Ask Ebonie on Tuesdays Subscribe To My Youtube Channel @reiinvestmentsociety

Who this course is for:

  • All Landlords
  • Entrepreneurs
  • Real Estate Investors
  • Property Managers who want to grow within their company
  • Realtors who want to start a property management company
  • Individuals who is looking for a change of career in property management

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