Real Estate Property Management - RE 101

Course Description

This introductory course provides an overview of property management and the role of the property manager. Topics include tenant relations, leases, risk, insurance and energy efficiency. Students also learn about the management of safety, environmental issues related to residential and commercial properties and how to recognize and address maintenance problems.

Prerequisites

(A requirement that must be completed before taking this course.)

Course Competencies

Upon successful completion of the course, the student should be able to:

• Classify the different types of properties that benefit from management services.
• Summarize the principal functions of the property manager for real estate properties that require management.
• Explain the benefits of property management as a career in the real estate industry.
• Illustrate how different classifications of leases are used in the property management industry.
• Characterize methods to establish positive relationships with tenants.
• Provide examples of maintenance operations commonly found in commercial and residential property management.
• Assess maintenance problems to determine the appropriate solution.
• Outline the steps to manage and increase energy efficiency.
• Compare methods of risk management.
• Describe necessary insurance policies for the owner, manager and tenants.
• Illustrate ways in which the property manager can minimize effects of common environmental hazards.
• Design a life safety program, utilizing personnel, equipment and procedures, to prevent an emergency.
• Communicate effectively with all stakeholders in a property management interaction.

Course Schedule