CE: Residential Property Management For the Real Estate Licensee

***This class is closed for registration***

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:

Problem
Inexperienced agents
Lack of owner expertise
Illegal tenancy
No property history

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

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

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

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

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)

Participants will receive 4 hours CA DRE credit.