Professional Property Management – Course 1 #property #management,residential,real #estate,rent,professional #development

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If you’re a member looking to resolve a minor dispute or communication issue with another REALTOR . a C.A.R. ombudsman may be able to help!

Finance Helpline

Provides you with invaluable one-on-one assistance with finding a Lender, loan qualifications, Down Payment Assistance, closing transactions, underwriting, short sales, funding, payoffs, REOs, Deeds in Lieu, and overall preparing your Clients for homeownership, for any of your mortgage related questions or issues. Speak to a trusted mortgage advisor for REALTORS today!

Customer Service

Looking for additional assistance? The Customer Contact Center is looking forward to serving you Monday through Friday between the hours of 8:30 a.m. and 4:45 p.m.

Legal Hotline

Did you know that for zero dollars and zero cents, you can speak with an attorney about your transaction? If you don’t believe us, check it out yourself.

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Residential Property Management For the Real Estate Licensee

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.

Registration: To register for a Residential Property Management For the Real Estate Licensee course near you, visit the Education Calendar .

To purchase the online Professional Property Management – Course 1 – “Residential Property Management for the Real Estate Licensee” course, visit store.car.org

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

The six P’s in Property Management:

  • the Problem
    • Inexperienced agents
    • Lack of owner expertise
    • Illegal tenancy
    • No property history
  • the Profession
    • Fair Housing Laws
    • Equal opportunity
    • Civil rights
    • Anti-discrimination
    • Protected groups associated with a disability
    • Duties to clients, customers, public, and REALTORS
  • the People/Players
    • Licensed sales agent
    • Investors and property owners
    • Professional property management firms
    • Property management personnel
    • Maintenance personnel
    • Tenants
  • the Profit
    • Replacement cost methods
    • Depreciation
    • Trust fund accounting
    • Security deposit
    • Income analysis
    • Investment analysis
    • Future rates of return and economic rates
  • the 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
  • the 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)
  • Any REALTOR looking to increase their income and every REALTOR in the residential property rental business.





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