Many real estate licensees choose to use their skills in the field of property management. An effective property manager is a true asset, maximizing an owner’s income and minimizing expenses. Knowledge of the industry in general and a thorough understanding of leasehold estates, leases, fair housing laws, and fiduciary responsibilities are as important to the professional property manager as they are to a real estate sales associate or broker. This course reviews the characteristics of leasehold estates and commercial leases. It explores the job of the property manager and examines the wide range of requirements and responsibilities imposed on property managers, including financial responsibilities. It also looks at the relationship between the property manager, landlord, and the tenant including the screening, application, and eviction processes.
