Rental Property Management Fundamentals

‘Property management’ includes overseeing and managing both residential and commercial properties. Aspiring property managers must develop an excellent business plan, obtain the necessary business registration documents and have the financial capital to start their own property management company. This course covers all aspects of managing rental properties. We first describe the various factors affecting the rental property market and lay out the roles and responsibilities of property managers. We then compare various types of rental property.

This property management course then explores the legal framework and regulations governing rental properties. We then provide marketing strategies you can use to attract potential tenants and show you how to create effective rental property listings. We explain how to screen and select tenants and demonstrate how to prepare and conduct property viewings. The course discusses lease agreements and other documents pertaining to rental property. We then compare various forms of property maintenance and repairs.

We discuss the role of accounting and bookkeeping in controlling the financial elements of handling rental properties. We establish the importance of maintaining good tenant relations while managing rental properties and provide the communication skills required to do so. This course shows you how to use property management software and platforms to improve general efficiency and tighten administration. Our final section discusses the importance of sustainability in rental property management. Rental property managers play a key role in making sure both landlords and tenants are left satisfied with their decisions. Sign up to learn how to manage and maintain rental properties and acquire a valuable new skill.