Introduction to Professional Property Management

• Understanding the evaluation of the property management profession.
• Be able to explain the different classifications of real property and the various property management challenges involved with each.
• Understand the principles of economics that affect the property manager's decision-making process.
• Explain the process of researching and creating a management plan.
  

The Manager-Owner Relationship

• Explain the terms of a typical property management contract.
• Describe the procedures involved in taking over a property.
• Distinguish among the various types of manager-owner relationship.
  

The Management Plan

• Understand that identifying and achieving the owner's objectives are the manager's primary objectives.
• Describe the process of putting together a management plan.
  

Leases and Tenant Issues

• Describe the basic leasehold estates.
• Distinguish among the types of residential and commercial leases and describe the characteristics and uses of each.
• Outline the fundamental components of a typical residential leases and the rights and responsibilities of both the lessor and lessee; understand the importance of state and local law in governing landlord-tenant relations.
  

Managing Residential Properties

• Distinguish among the various types of residential property.
• Understand the special challenges of managing condominiums and cooperatives.
• Explain how fair analysis and how the manager assembles reports.
  

Managing Emergency and Tenant Safety Issues

• Understand the importance of the three-pronged, four-part strategy for dealing with emergency and life safety issues.
• Identify the procedures involved in planning for emergencies.
• Be aware of the importance of tenant security.