- Areas of Study -

Online Class: Becoming a Successful Landlord

By the end of 'Becoming a Landlord' students will have a clear grasp of the basic activities involved in being a landlord for residential rental properties. The lessons include:

1) Choosing a Rental Property,
2) Set the Monthly Rent,
3) Finding a Tenant,
4) The Rental Agreement,
5) Know your State and Local Laws,
6) Maintenance and Repair,
7) Tax Aspects,
8) Avoiding Common Pitfalls,
9) Building Relationships, and
10)Buying the Next One.

If you have heard the buzz about making money on residential real estate and wondered what it's all about, this course is for you. If you have heard the horror stories of rental property gone bad, this course can help you avoid those mistakes.

Enroll today! This is a self-paced, online course. You have 6 months to finish. An instructor will monitor your progress and assess your body of work at course completion. UniversalClass™ offers many wonderful learning tools to help you get the most out of your online course, including an online portfolio service that manages all your course completions.

If you would like to receive more information regarding this course, scroll down and fill out the "Request More Information" form and we'll try to answer any of your questions within the day.

Course Description

This is a basic step by step guide for the novice, or first time, landlord of residential rental properties. The course content covers everything from selecting a rental property to avoiding common pitfalls to acquiring your next property. It is presented in an easy to understand, step by step format, that guides students all the way. If you have heard the buzz about making money on residential real estate and wondered what it's all about, this course is for you. If you have heard the horror stories of rental property gone bad, this course can help you avoid those mistakes.

Course Lessons

Choosing a Property, Lesson 1 - Every journey begins with a single step. And the very first step in becoming a successful landlord is choosing your property wisely.
Setting the Monthly Rental Amount, Lesson 2 - This lesson shows you how to find out what the market will bear, and assist you in coming up with the right price at which to set your rent.
Finding a Tenant, Lesson 3 - Finding the right tenant for your property is fundamental to your success as a landlord. Performing your due diligence in screening a prospective tenant is likely to pay off in the long run.
The Rental Agreement, Lesson 4 - The rental agreement or lease is the basic contract between you, the landlord, and your tenant. It should be carefully considered and include the details of your rental arrangment.
Know your State and Local Laws, Lesson 5 - This lesson is designed to be thought provoking and research intensive. As you complete the scenarios you will learn how to find out more information about laws that affect you, and how to legally handle various situations.
Maintenance and Repair, Lesson 6 - Plan on conducting routine maintenance inspections quarterly so that small problems can be solved, before they become big problems.
Tax Aspects, Lesson 7 - A basic understanding of what expenses to track and which expenses are tax deductible will help you communicate with your accountant or prepare your own income tax return.
Avoiding Common Pitfalls, Lesson 8 - Despite the horror stories, there can be great rewards in becoming a landlord. With some forethought, most of the common pitfalls can be avoided.
Building Relationships, Lesson 9 - The people around you can either help or hinder your success. I suggest that you go the extra mile to build the relationships that will help ensure your success.
Buying the Next One, Lesson 10 - It is unlikely that you will be able to create substantial wealth with a single rental property. Simply repeat the process to achieve real financial success.

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