Basics of Property Management
-Continuing Education- 

Price:$65.00\$75.00
Book Cost: included
Hours: 7.5hours (You finish 1/3 of your 22.5 hours of continuing education required by the State.)

Course Outline:

  1. Who Hires Professional Property Manager
    1. Institutional Owners
    2. Condo Associates
    3. Co-op Boards
    4. Investors
    5. Absentee Owners
  2. The Job of Property Manager
    1. Fiduciary Reporting
    2. Collect Rents
    3. Prepare Budget
    4. Oversee Repairs
    5. Show Space / Units
    6. Lease
    7. Dealings with Contractors
    8. Supervising Personnel
  3. Types of Properties
    1. Residential
      1) single family
      2) small multi-family
      3) multi-family (garden vs. mid / high-rise)
      4) condos
      5) co-ops
      6) mobile home parks
    2. Retail
      7) strip
      8) neighborhood (food-drug)
      9) community (food / anchor)
      10) power strip (multiple anchors)
      11) malls (regional / super regional)
      12) outlet malls
    3. Office
      13) single story
      14) midrise
      15) hi-rise
      16) single tenant vs. multi-tenant
    4. Industrial
      17) single tenant vs. multi-tenant
      18) factory / production
      19) flex space
      20) warehouse / distribution
  4. Management Contract
    1. In Writing
    2. Name of Owner / Authority To Hire
    3. Property Description
    4. Time Period and Length of Service
    5. Managers Responsibilities vs. Owners
    6. Management Fee
  5. Planning / Budgeting
    1. Market analysis
    2. financial Proposals
    3. Property Analysis
    4. Operating Budget
  6. Marketing
    1. Marketing Plan
    2. Advertising
    3. Promotions
  7. Renting
    1. Manager vs. Leasing Agent vs. Selling Agent
    2. Establishing Rates
    3. Negotiating Leases
    4. Collecting Rents
  8. Maintaining the Property
    1. Hiring Employees vs. Contracting Out
  9. Certified Property Manager
    1. Education
    2. Certification
  10. Rent Regulations
    1. Office of Rent Administration of the New York State Division of Housing and Community Revewal (DHCR) – Housing Only
    2. Rent Control
    3. Rent Stabilization

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