8 Hour Course
Course ID: 5
Approved By: Louisiana Real Estate Commission
Property management is an extremely challenging field but can also provide a reliable income stream to real estate professionals who otherwise rely on commissions. It requires effective use of time, an ability to serve the interests of both owners and tenants, as well as clear and up-to-date understanding of applicable laws and of real estate conditions so that you can best advise your clients and handle any difficulties that arise in an efficient and legally sound manner.
This 8-hour course is as wide-ranging as the duties of a property manager, beginning with the basics of real property law, including leases, trusts, and common interest ownership. Zoning laws, building codes, and warranties that relate to commercial and residential properties, private homes, condominiums or apartments, and manufactured home parks are reviewed, including regulations that cover special land use categories and regulation of environmental hazards. The key topic of taxes (property and other taxes) and the related topic of property appraisal and valuation will be followed by an in-depth examination of real estate for investment purposes, including timing, strategies, securities or syndication, and disclosure laws.
The course then reviews the economics of property management, with a special focus on aligning expenditures with owner objectives and expectations without losing sight of meeting tenant needs. The final portion of the course presents a practical guide to foreclosure, including judicial foreclosure, strict foreclosure, foreclosure by power of sale, and (of particular importance) alternatives to foreclosure as well as remedies available to the property owner if a foreclosure occurs.