Managing Single-Family Homes & Small Investment Properties*

Visit the IREM® website for more discounts available to NARPM® members.

 

* Note: This is an 8-Hour class.

Managing Single-Family Homes and Small Investment Properties is the result of an exciting collaboration between IREM and the National Association of Residential Property Managers (NARPM®) that serves as a primer for agents and owners to introduce them to real estate management basics.

Gain an in-depth understanding of the intricacies of managing single-family homes and small investment properties while maximizing the value and financial potential of the properties you manage.  Be the agent with the reputation as a manager who knows what it takes to lease and manage property, while earning the respect of residents.

What you will learn:

  • Management Agreement. Requirements for management agreements, state real estate license requirements
  • Ethics and Legal Issues. Importance of ethics in property management, fair housing issues, resident-landlord and other laws related to leasing and property management, evictions
  • Risk Analysis. Risk management program, common residential property hazards, insurance types, insurance claims
  • Maintaining the Property. Maintenance guidelines and strategies, major residential maintenance components, working with contractors, creating a greener property
  • Financial Tools. Property budgets and trust accounts, cost-benefit analysis, record-keeping and reporting systems
  • Marketing and Leasing. Market analysis, rental rates, advertising, showing the space, resident solicitation, screening and selection, residential leases, lease renewal

How you will benefit:

  • Gain an in-depth understanding of the intricacies of managing single family homes and small investment properties
  • Maximize the value and financial potential of the properties you manage
  • Secure a reputation as a manager who knows what it takes to lease and manage a property
  • Earn the respect of residents