IREM Global Summit | Chicago | October 10-13

IREM Global Summit | Chicago | October 10-13

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Managing Single Family Homes and Small Investment Properties

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.

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

Classroom: The classroom course is 1 day, including lunch and breaks. Typical course timeframe is 8:00 a.m. to 5:00 p.m. each day. Select a specific offering of the course from the dropdown menu above for exact dates and times. The course exam is taken online within 7 days after completing the course; instructions to access the exam are provided during the course.

Online: The online course takes approximately 2 hours to complete, followed by the online course exam.