Effective Property Management Advanced Module 1

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

Last updated 2022-01-10 | 4.2

- Course Introduction
- See whether self- management can work for you
- What are the Advantages when Working With A Management Firm

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

* 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

  • 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 • 23 lectures

Self Management or Hiring A Pro? Preview 02:42

Are There Any Advantages Of Self Management? Preview 04:32

Managing your own rental property has some distinct advantages. Watch further and see why.

Self Management

Managing Your Property From A Distance Preview 04:01

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 Manager Preview 05:12

Are the pros more than the cons?

What Does A Property Manager Do Preview 02:51

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 You Preview 08:17

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 Company Preview 03:14

Management companies are compensated in a variety of ways. What kind of fees are applicable?

Management Agreements Preview 03:28

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 Them Preview 05:17

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? Preview 02:00

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 Property Preview 02:23

What important issues should one look for when taking over the property - In this lecture I discuss these issues. 

Inspections Preview 02:03

Walking through again with the tenant now that you’re the owner can be helpful. Why?

Inspections

Taxes and Expenses Preview 03:10

The tax laws allow your rental housing business to deduct operating expenses.... What are these expenses?

Taxes and Expenses

Rent Roll Preview 03:08

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? Preview 15:39

Four Easy Ways To Increase Profits To Your Rentals Preview 07:11

Concluding Module 1 Preview 00:38