property-management-cover

Property Management

$54.00

8-1/2″ x 11″, softcover, 557 pages.

SKU: EPM001 Category:

Product Description

With real estate sales slowing in many parts of the country, brokers are eyeing property management as a steady and reliable source of income.

But renting apartments and collecting rent checks requires a new set of skills for most broker/owners.

Property Management 10th Edition offers the most current and thorough introduction to property management available.

In its pages you will find everything you need to launch and operate a successful property management division. Key features include:

  • Information on managing tenant relationships, generating operational and financial reports, and directing day-to-day operations of a property management office.
  • Details on advertising methods and the importance of social media.
  • Updated text to reflect current laws, legal cases, and case studies relating to current market conditions.
  • Current case studies and examples that illustrate key points and concepts.

While the focus of the text is on residential property management, there is also authoritative coverage of commercial, industrial, and special-purpose property management.

Table of Contents

Unit 1: Professional Property Management

  • Roles of the Property Manager
  • Classification of Real Property
  • Specialized Opportunities in Property Management
  • Growth of Professionalism in Property Management
  • Summary
  • Case Study
  • Unit 1 Review Questions

 

Unit 2: Property Management Economics and Planning

  • Learning Objectives
  • Key Terms
  • Overview
  • The General Business Economy
  • The Real Estate Economy
  • The Management Plan
  • Market Analysis
  • Property Analysis
  • Analysis of the Owner’s Objectives
  • Preparation of the Management Plan
  • Summary
  • Case Study
  • Unit 2 Review Questions

 

Unit 3: Owner Relations 

  • Learning Objectives
  • Key Terms
  • Overview
  • Nature of the Relationship
  • The Management Contract
  • Takeover Procedures
  • Continuing Owner-Manager Relations
  • Summary
  • Case Study
  • Unit 3 Review Questions

 

Unit 4: Marketing

  • Marketing Principles
  • Marketing Activities
  • Advertising Campaign Strategy
  • Advertising Methods
  • Management Promotional Efforts
  • Personal Selling Activities
  • Summary
  • Case Study
  • Unit 4 Review Questions

 

Unit 5: Leases

  • Leasehold Estates
  • Types of Lease Payments
  • Provisions of a Valid Lease
  • Rights and Obligations
  • Lease Formats
  • Summary
  • Case Study
  • Unit 5 Review Questions

 

Unit 6: Lease Negotiations

  • Qualifying a Tenant
  • Negotiating the Terms
  • Signing the Agreement
  • Summary
  • Case Study
  • Unit 6 Review Questions

 

Unit 7: Tenant Relations

  • Establishing a Sound Landlord-Tenant Relationship
  • Rent Collection
  • Lease Renewals
  • Rent Increases
  • Terminating the Tenancy
  • Terminating the Tenancy in Court
  • Summary
  • Case Study
  • Unit 7 Review Questions

 

Unit 8: Maintenance and Construction

  • Basic Maintenance Procedures
  • The Property Manager and Maintenance Personnel
  • Maintenance Management
  • Contracting for New Construction
  • Complying with the Americans with Disabilities Act
  • Managing Energy Efficiency
  • Summary
  • Case Study
  • Unit 8 Review Questions

 

Unit 9: Managing the Office and Reports

  • Establishing the Management Office
  • Staffing the Management Office
  • Determining Management Fees
  • Financial Reports
  • Reports for Tax Purposes
  • Determining Profitability
  • Summary
  • Case Study
  • Unit 9 Review Questions

 

Unit 10: Federal and State Laws

  • Antitrust Laws
  • Federal Fair Housing Laws
  • Americans with Disabilities Act
  • Megan’s Law
  • Sexual Harassment
  • Equal Credit Opportunity Act
  • Fair Credit Reporting Act
  • Lead-Based Paint Hazard Reduction Act (Title X of the 1992 Housing and Community Development Act)
  • Uniform Residential Landlord and Tenant Act
  • Uniform Electronic Transactions Act/SPAM
  • Servicemembers Civil Relief Act
  • Summary
  • Case Study
  • Unit 10 Review Questions

 

Unit 11: Residential Property

  • Types of Residential Property
  • Residential Market Analysis
  • Marketing Availability of Space
  • Managing Tenant Relations
  • The Apartment Building Staff
  • Maintaining the Apartment Building
  • Apartment Operating Reports
  • Summary
  • Case Study
  • Unit 11 Review Questions

 

Unit 12: Specialized Housing

  • Managing Cooperatives
  • Managing Condominiums
  • Managing Planned Unit Developments (PUDs)
  • Budgets and Management Fees
  • Marketing and Leasing Cooperative and Condominium Units
  • Managing Subsidized Housing
  • Managing Manufactured Home Parks
  • Managing Housing for the Elderly
  • Summary
  • Case Study 1
  • Case Study 2
  • Unit 12 Review Questions

 

Unit 13: Office Property

  • Market Analyses
  • Property Analysis
  • Marketing Office Space
  • Qualifying the Prospective Tenant
  • Negotiations and the Lease
  • Maintenance and Staffing of Office Buildings
  • Summary
  • Case Study
  • Unit 13 Review Questions

 

Unit 14: Retail Property

  • Classification of Shopping Centers
  • Marketing Retail Property
  • Leasing Retail Property
  • Maintenance of Retail Property
  • Administrative Responsibilities and Financial Reports
  • Summary
  • Case Study
  • Unit 14 Review Questions

 

Unit 15: Industrial Property

  • The Industrial Real Estate Market
  • Marketing Industrial Space
  • Qualifying Industrial Tenants
  • Maintenance and Security of Industrial Property
  • Specialized Industrial Property: Ministorage Centers
  • Summary
  • Case Study
  • Unit 15 Review Questions

 

Unit 16: Risk and Environmental Issues

  • Risk Management and Insurance
  • Types of Insurance
  • Allocating Cost of Risk Management Between Manager and Owner
  • Environmental Legislation
  • Common Hazardous Substances
  • Managing Hazard Control
  • Summary
  • Case Study
  • Unit 16 Review Questions

 

Unit 17: Life Safety Issues

  • Managing Life Safety and Security
  • Role of Personnel in Life Safety
  • Property Management Procedures
  • Develop Written Procedures
  • Managing Criminal Activity Issues
  • Summary
  • Case Study
  • Unit 17 Review Questions

 

Internet Resources

Answer Key

Glossary

Index

About the Author

Robert C. Kyle is founder and past president of Real Estate Educators Association (REEA), a national professional organization.

Marie S. Spodek served three terms on REEA’s board of directors and is a Distinguished Real Estate Instructor with extensive experience in property management.

Floyd M. Baird is a Distinguished Real Estate Instructor and real estate attorney.

 

Sample

Read Unit 1

Guarantee

Your purchase is guaranteed. If you are not 100% satisfied, you may return it within 30 days for a full refund.