Landlord 101: Managing Rental Properties

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Course Description



Have you ever wanted to be a landlord? This multi-faceted career can be challenging and rewarding both personally and financially. Our course provides a broad yet detailed examination of the many areas that a property manager must blend together to be successful. Lesson 1 asks the question: are you ready to be a landlord? It focuses on the disciplines involved in property management and discusses planning and goal setting. In Lesson 2, you'll discover the benefits of commercial and residential properties, and what types of tenants will be renting from you. We explain what to do before purchasing a property and how to make an offer in Lesson 3.

Ownership rights and responsibilities are discussed in Lesson 4, including laws and regulations you must abide by. Lesson 5 examines the financial factors to consider and how to set rental prices. You'll learn how to choose the best tenants and how to attract them to your property in Lesson 6. Dealing with tenants (and how to avoid bad ones) makes up Lesson 7.

Lesson 8 covers handling tenant issues and explains the eviction process. We focus on the lease in Lesson 9 by explaining how to create a lease and the lease dispute resolution options are available to you. Lesson 10 will help you understand the five types of property maintenance and describes common trouble spots. In Lesson 11 we discuss financing options for purchasing your property. The course concludes with Lesson 12, which explains how to sell your property. 

Course Requirements

This course will not require you to have previous experience in any particular area but you should have a high school reading level. No books will be required.

Course Goals

  • Lesson 1: A Career in Income Property Management
  • Lesson 2: Property Types
  • Lesson 3: Buying Your Property
  • Lesson 4: Rights & Responsibilities
  • Lesson 5: Financial Considerations
  • Lesson 6: Tenants
  • Lesson 7: Dealing With Tenants
  • Lesson 8: Tenant Issues
  • Lesson 9: Creating a Lease
  • Lesson 10: Property Maintenance
  • Lesson 11: Financing
  • Lesson 12: Selling Your Property

Course Materials

All course material will be provided in the lessons and netlinks. There are no required materials to purchase before taking the class.

Grading Policy

Each lesson will include a lesson review quiz along with one or two assignments. Students will successfully complete this course by mastering all learning outcomes with 70% or higher overall grade.

Learning Outcomes

By successfully completing this course, students will be able to:
  • Know career opportunities in income property management.
  • Define property types.
  • Know buying your property.
  • Describe rights and responsibilities.
  • Know financial considerations.
  • Define tenants and what to look for in a tenant.
  • Describe dealing with tenants.
  • Know common tenant issues and how to resolve them.
  • Create a lease.
  • Describe property maintenance responsibilities.
  • Determine when to sell the property, and
  • Demonstrate mastery of lesson content at levels of 70% or higher.

Assessment Guide

Assessment Points
An Introduction5
Lesson 1 Assignment5
Lesson 1 Exam8
Lesson 2 Assignment2
Lesson 2 Exam8
Lesson 3 Assignment5
Lesson 3 Exam10
Lesson 4 Assignment2
Lesson 4 Exam9
Lesson 5 Assignment2
Lesson 5 Exam9
Lesson 6 Assignment2
Lesson 6 Exam8
Lesson 7 Exam10
Lesson 8 Assignment2
Lesson 8 Exam9
Lesson 9 Assignment2
Lesson 9 Exam10
Lesson 10 Assignment2
Lesson 10 Exam8
Lesson 11 Assignment2
Lesson 11 Exam10
Lesson 12 Assignment2
Lesson 12 Exam8
The Final Exam48
Total Points:188

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