Instructor: George Lawrene
SBAOR Member Cost: $59
Non-Member Cost: $89
Time: 9:00am-1:00pm
Location: SBAOR Hall
Click to Register

PMC 1: Residential Property Management
Tuesday, July 16th, 2019

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
—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

the Profit —Replacement cost methods
—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
—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
—Process for non-voluntary termination
—Section 8
—Rent control
—Basic property management forms (C.A.R. rental forms) Facebook Twitter