3.0 hours Property Management – Course Syllabus

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Course Syllabus:

3.0 Property Management

A property manager's primary responsibility is to oversee the financial and operational aspects of a client's property in a manner that will achieve the client's goals. The property owner and client should explore these goals at the beginning of their business relationship. These goals could include generating an amount of monthly revenue, increasing the property's value, owning a well-maintained building, and supporting the community.

It is also important for a property manager to gain some understanding of the property owner's personality, values, and viewpoints because they typically impact their goals. Knowledge of the property owners' goals, character, ideals, and attitude will affect how the property manager manages the property.

Successful property managers work to build and maintain a positive, mutually-beneficial relationship with the property owner. This involves providing excellent service including accurate reporting, ongoing communication, and consultation.

It is essential for property managers to provide property owners with accurate reports to keep them informed about property operations, document important information, and demonstrate expertise and integrity. The type of reports and frequency of delivery should be based on the property owner's needs and pertinent laws.

Upon course completion, the real estate professional will have a better understanding of the duties and roles of property managers.

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