Instructor: Sandee Schumann
SBAOR Member Cost: $59
Non-Member Cost: $89
Time: 9:00am-1:00pm
Location: SBAOR Hall
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Professional Property Management 1-Residential Property Management For the Real Estate Licensee
Monday, October 16th, 2017

C.A.R. Education's Property Management course will help you understand the responsibilities, functions, and skills involved in property management. This course will teach you how to distinguish between off-site and on-site property managers and their duties, positions, training, and expertise. At the end of this course you will have increased your property management expertise, as well as developed some practical application guidelines that you can apply immediately to your business. Significantly supplement your income when you decide to add residential property manager to your real estate profession.

How you will benefit from taking this course:
•Identify the six P's in property management
•Describe and gather problem solving skills for tenant dispute resolution, overseeing the factors of risk management, and gaining abilities to deal with people who lack expertise with which you interact
•Identify fair housing requirements for rental property management
•Familiarize yourself with the rental practices within the REALTOR® Code of Ethics
•Identify Internet sources for professionals, associations and organizations
•Name different types of ownership for income-producing property
•Distinguish between off-site and on-site property managers and their duties, positions, training and expertise
•Define the trust fund accounting regulations
•Describe various rates of return owners use to determine cash flow
•Differentiate the advantages and disadvantages of various property types
•Understand legal contract elements and leasehold estates
•Learn how to begin and terminate a rental contract
•Describe the basic eviction process
•Locate and complete C.A.R. rental forms

This course covers:

The six P's in Property Management:
•the Problem ◦Inexperienced agents
◦Lack of owner expertise
◦Illegal tenancy
◦No property history



•the Profession ◦Fair Housing Laws
◦Equal opportunity
◦Civil rights
◦Anti-discrimination
◦Protected groups associated with a disability
◦Duties to clients, customers, public, and REALTORS®



•the People/Players ◦Licensed sales agent
◦Investors and property owners
◦Professional property management firms
◦Property management personnel
◦Maintenance personnel
◦Tenants



•the Profit ◦Replacement cost methods
◦Depreciation
◦Trust fund accounting
◦Security deposit
◦Income analysis
◦Investment analysis
◦Future rates of return and economic rates



•the Property ◦Lifecycle of the Property
◦Physical premises analysis
◦Residential home inspector versus licensed contractor
◦Disclosures during escrow, warranties, and guarantees
◦Habitability and maintenance types
◦Single family units
◦Non-residential
◦Maintenance reports



•the Paperwork ◦Insurance
◦Insurance policy exclusions and indemnification
◦Lender requirements
◦Legal elements of a contract
◦Interpretation of contracts
◦Entering into and terminating a contract for an income property unit
◦Eviction
◦Process for non-voluntary termination
◦Section 8
◦Rent control
◦Basic property management forms (C.A.R. rental forms)


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