LA 4.0 hours Property Management - Course Syllabus
4.0 Elective Hours
Property managers should pay keen attention to details in all areas of property management: administrative, financial, and marketing; property owner and tenant relationships; risk management; maintenance operations. This involves keeping copious records and notes, asking detailed questions to determine property owners' needs, developing timelines and schedules to ensure that important tasks are completed on time, and keeping current on laws affecting property management—among other things.
Owning a business requires a certain amount of creativity. For example, difficult to solve problems might arise. Dealing with challenging customers might require a different approach than other customers. New opportunities might arise that require changes to regular business operations. Creative thinking helps business owners deal with dilemmas or unusual circumstances. Questions to ask when considering the ability to use creative thinking in business matters include the following:
- Am I able to think of new ideas?
- Can I think of new ways to solve problems?
- Can create several possible solutions to a problem?
- Can I allow myself to make suggestions and develop possible solutions that appear to be impractical or even ridiculous?
- Am I flexible?
- Am I willing to improve my creative thinking?
This course provides information to determine if property management is an appropriate business choice. It describes essential characteristics for successful entrepreneurship like negotiation skills, decision-making skills, and creativity.