Property Management Program Curriculum
The comprehensive Property Management program guides you from important fundamental concepts to hands-on procedures to ensure properties are well-maintained, filled with good tenants, generate revenue and remain profitable. Each lesson brings you closer to your dream.
A career in this field may require you to meet certain licensing, training, and other requirements that can vary by vocation and state. You should check with your state, local government and/or licensing board to find out which requirements may be applicable in your state. Click here for contact information on state licensing/regulatory boards and certain professional licensing information.
The goals and values of Ashworth College; time management; creating a realistic weekly and monthly study schedule; the nature and purpose of assessments; how to study effectively to prepare for and take an online examination; developing the skill sets necessary for success in the twenty-first century.
Evaluating your business idea; setting yourself apart from the competition; market testing; investment funding and donation funding; qualities of an entrepreneur; crowdfunding and angel investors.
Property management defined; types of properties involved; professional organizations; duties and job descriptions of property managers; applying principles of property management.
Business relationships between property managers and owners; preparation of the management contract; the manager's reporting obligations; mutual responsibilities.
How to negotiate a lease to your advantage; understanding specific lease terms; concessions; rent schedules; rent rebates; length of the lease period; including options for tenant alterations and expansion; qualifying the prospective tenant financially.
Building a good relationship with the tenant; inspection to verify conditions of the property; security deposits; renter's rules and regulations; scheduling rent payments; termination of tenancy.
Reporting procedures in the management of different kinds of properties; budgeting; preparing profit-and-loss statements; tax implications; tax records; cash flows; depreciation; investment tax credits; after-tax cash flow; risk management; how to obtain proper insurance.
Types of multi-family and apartment complexes; creating and using an effective residential market analysis; how to market apartment space; price adjustments; the show list; advertising; rental offices; leasing; maintenance.
Types of office buildings; determining a suitable rent schedule; marketing considerations for office buildings; advertising; public relations; how to get referrals; canvassing for tenants; preparing a solid rental sales plan; how to negotiate a lease; escalation clauses; maintenance.
The nature of industrial real estate; types of properties; industrial markets; tenant qualification; marketing techniques; lease negotiation; maintenance; security.
Maintaining safety and security; emergency technology and equipment; the role of property management personnel in safety; managing environmental issues; controlling hazards.
The Property Management program is designed to teach students how to evaluate and select investment properties, establish favorable leasing terms and conditions, and screen and select tenants. Students learn to identify maintenance concerns, hire employees and contractors, manage legal and financial issues, establish healthy tenant relationships, and enforce rent due dates. Special topics include specific housing markets, affordable housing, and continuing education.
After completing the Property Management program, students will be able to:
- List the personal and professional characteristics of successful property managers.
- Outline the general scope of authority of property managers, based on the terms of the relationship with the property owner.
- Determine when to retain property management personnel and when to hire skilled tradespeople and contractors.
- Define business concepts related to property management, including advertising, marketing, record-keeping systems implementation, profit and loss, operating budget, and return on investment.
- Describe how to target and screen for reliable tenants and how to handle tenant-related issues, such as obtaining security deposits, collecting rent, enforcing occupancy rules, and performing evictions.
- Explain the importance of risk management and appropriate security for property and outline the steps to follow to assess liability and secure adequate liability insurance.
Our Property Management program gives you the practical knowledge you need to get ahead. Call 1-800-957-5412 or enroll online today.