CT 3.0 hours Property Management - Course Syllabus
3.0 Elective Hours
There are many reason a property owner would hire a property manager. What is a property manager? A property manager is a liaison working directly with tenants. Property owners hire property managers for a variety of personal and business reasons.
Property owners who do not reside near their rental properties may need property management services. The farther the distance between their residences and rental properties, the more difficult it will be for them to perform essential tasks.
Managing multiple properties or many units can be daunting. A larger number of units will lead to more complaints, maintenance, and repairs. Property owners may not have or want to expand the amount of time it would take to handle these responsibilities.
Some property managers are purely real estate investors who have no interest in managing their investment properties. Others may want to manage their properties but have no experience in the area. In both cases, professional property managers can provide the level of property management services each type of investor requires.
Property owners, who have problems retaining tenants or issues sustaining cash flow, can benefit greatly from professional property managers. They have the experience, resources, and processes to quickly screen and identify appropriate tenants.
Working directly with tenants can be challenging for some property owners. Property owners who do not have the time, patience, or know-how to handle these matters are more likely to hire property managers.
This course covers the duties of property managers and their role in the real estate field.