Online Class: Landlord 101 — Managing Rental Properties
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12Lessons
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25Exams &
Assignments -
7,556Students
have taken this course -
11Hours
average time -
1.1CEUs
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Video Audit
Available
Course Description
Mastering the Art of Property Management: Your Blueprint for Success
Embarking on the journey to become a landlord can be both exhilarating and daunting. With the potential to garner substantial financial rewards and personal fulfillment, it’s no wonder many are drawn to this lucrative profession. Yet, the road to successful property management is riddled with challenges. But fear not, for our comprehensive online course is meticulously designed to guide you every step of the way.
Course Outline:
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Self-Assessment: Dive deep into the intricacies of property management. Determine if this career aligns with your passion and goals, and familiarize yourself with the commitment it demands.
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Exploring Property Types: Unveil the merits and challenges of both commercial and residential properties. Understand the diverse spectrum of tenants you'll be catering to.
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Strategic Property Acquisition: The art of acquisition goes beyond just buying property. Grasp the nuances of evaluating potential assets and master the skill of making strategic offers.
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Know Your Rights (and Responsibilities): Delve into the vast realm of property laws, regulations, and the vital responsibilities that come with owning a property.
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Financial Mastery: Navigate the financial maze with confidence. Learn the secrets to determining optimal rental prices, ensuring a consistent revenue stream.
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Tenant Magnetism: Uncover proven strategies to attract the ideal tenants for your property, ensuring a harmonious landlord-tenant relationship.
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Navigating Tenant Dynamics: A deep dive into managing relationships, including identifying red flags and steering clear of problematic tenants.
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Tackling Challenges: From addressing tenant grievances to understanding the complex eviction process, arm yourself with the knowledge to manage conflicts seamlessly.
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The Power of the Lease: Discover the components of a foolproof lease agreement. Equip yourself with effective dispute resolution techniques to tackle any unforeseen challenges.
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Maintenance Mastery: Understand the multifaceted world of property upkeep, from routine checks to emergency repairs. Learn to anticipate common issues and tackle them proactively.
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Financing Your Dream: Whether you're a newbie or a seasoned investor, explore a plethora of financing options tailored to meet your acquisition needs.
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Sealing the Deal: Whether it's time to diversify or consolidate, grasp the intricacies of selling properties, ensuring you exit with maximum returns.
This course isn’t just a tutorial; it’s a holistic journey that transforms you into a savvy property mogul. From aspiring landlords to seasoned property managers looking to refine their skills, our course offers invaluable insights. Equip yourself with the tools, knowledge, and confidence to navigate the dynamic world of property management and soar to unprecedented heights!
Course Lessons
Lesson 1. A Career in Income Property Management
This lesson introduces you to property ownership and management. We cover the basics of property ownership requirements and discuss setting personal and financial goalsLesson 2. Property Types
This lesson covers the two primary real estate classifications: commercial property and residential property. We examine retail, industrial, and office buildings, and discuss what to look for in a commercial property. Then we cover residential investmentsLesson 3. Buying Your Property
This lesson covers the steps involved in purchasing an income property. We will start with analyzing a property, then discuss financing options, and continue with the strategy of making an offer. We end with an examination of the basics of a purchase andLesson 4. Rights and Responsibilities
This lesson covers the obligations that are involved in landlord and tenant relationships. We begin with the responsibilities you have as a property manager, including your duty to maintain the property. Next, we provide an overview of income property.Lesson 5. Financial Considerations
This lesson covers the financial aspects of managing properties. Starting with elements of a budget, we proceed to a discussion about setting your rental prices. We conclude with the tax implications of property ownership.Lesson 6. Tenants
This lesson covers how to attract and retain quality tenants. We start with a discussion on how to reach the best possible prospects. Then we will examine how to choose the tenants you want. The lesson concludes by offering ways to keep good tenants.Lesson 7. Dealing with Tenants
This lesson covers a property manager's greatest challenge, the tenants. We will discuss things that can go wrong, how to avoid bad tenants, and an effective approach to handling situations involving tenants.Lesson 8. Tenant Issues
This lesson covers the management of issues involving tenant behavior. We will discuss how to manage tenant behavior, five common problems involving tenants, and the eviction process.Lesson 9. Creating a Lease
This lesson covers the essential tool for property managers, the lease agreement. We will explain the importance of a lease then cover essential terms within a lease. The lesson concludes with a brief discussion on how to resolve disputes regarding the leLesson 10. Property Maintenance
This lesson covers maintenance issues involved in property management. We discuss the types of maintenance required and examine common areas that may need maintenance.Lesson 11. Financing
This lesson covers the elements of financing an income property purchase. We start with fundamental concepts and what lenders look for. Next, loan types are discussed. The lesson finishes with some creative ways to finance a purchase.Lesson 12. Selling Your Property
This lesson covers the process of selling an income property. We explore whether a real estate broker is necessary then discuss the selling approach. The lesson finishes with an examination of what buyers look for.
Learning Outcomes
- Summarize career opportunities in income property management.
- Define property types.
- Summarize buying your property.
- Describe rights and responsibilities.
- Summarize financial considerations.
- Define tenants and what to look for in a tenant.
- Describe dealing with tenants.
- Summarize common tenant issues and how to resolve them.
- Create a lease.
- Describe property maintenance responsibilities.
- Determine when to sell the property.
- Demonstrate mastery of lesson content at levels of 70% or higher.
Additional Course Information
- Document Your Lifelong Learning Achievements
- Earn an Official Certificate Documenting Course Hours and CEUs
- Verify Your Certificate with a Unique Serial Number Online
- View and Share Your Certificate Online or Download/Print as PDF
- Display Your Certificate on Your Resume and Promote Your Achievements Using Social Media
Student Testimonials
- "It was extremely helpful and I am glad I took this course. I learned a lot of information and I needed it all to understand how to pursue property management successfully. As far as the videos--those helped also because I could play the audio, take my notes, and still listen. I'll be more than happy to recommend this course to anyone." -- Kelton B.
- "The course was very thorough and offered a great opportunity to learn how to be successful at property management." -- Nasheika M.
- "Loved the course! It was on my time, I did not feel rushed or pressured. The teacher was quick with grading my assignments and tests. I look forward to looking at other online classes and taking them at UniversalClass." -- Candace W.
- "This is a very helpful resource for me and it has really expanded my scope of income property management. The course layout and lesson content are excellent. Thanks." -- Nurudeen I.
- "I am applying and seeking multi-family homes through NACA program and they required that I take a landlord class with certification. This course was very helpful. I am so glad I took this course." -- Margret R.
- "I would highly recommend this course to anyone who decides to be a property manager or become a landlord. Very informative and hands on." -- Tawana B.
- "This is one of my favorite courses I've taken so far! This landlord certificate is a great feather in the cap for my resume. Thank you!" -- Simon E.
- "The course was well structured and the content in all 12 lessons was extremely helpful. The instructor is very knowledgeable with the topic." -- Iyeika M.
- "Course was extremely helpful in expanding my knowledge base." -- Kenya C.
- "Very much helpful and knowledgeable in every aspect." -- Oscar L.
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