BPM-1010 Introduction to Residential Property Management

Credits 3
This course is designed to introduce students to residential property management. First, students examine how and why residential property can be a good financial investment. Next, students explore the different types of residential property and the possible ownership structures. Students also learn about various operating policies and procedures for leasing rental properties. Additionally, they explore the roles of managers, leasing agents, and supervisors and how personnel are hired and managed. Next, students examine how marketing and awareness of cultural diversity impact attracting and retaining tenants. Lastly, students interpret how local, state, and federal laws impact property management. This course prepares students for entry-level positions as leasing consultants or assistant property managers. (May also be taken as a continuing education course, RES-333 Introduction to Residential Property Management)
Prerequisite(s): Reading readiness
Formerly (Formerly offered as RPM-1010. Students may not receive credit for both RPM-1010 and BPM-1010.)
Course Outcomes

Relate goals of residential property management to financial management and investment.
Discuss the role of managers, leasing agents, and supervisors in residential property management.
Describe the process for hiring and managing residential property management personnel.
Identify common operating policies and procedures for leasing rental properties.
Discuss strategies for effective marketing of rental properties.
Explain the ownership structures of different types of residential property.
Interpret how local, state, and federal law impacts property management.
Explain how cultural awareness impacts attracting and retaining tenants.