This 4 day course is your one-stop-shop solution to understanding and implementing the essentials of residential property management. From operations to finance to human resources, you will get every skill you need to optimize residential management, and enhance your reputation in your marketplace.
This course covers trends and issues that affect the housing industry and teaches proven multi-family housing management skills with a focus on high standards of performance within today’s economic realities and your market. The course reflects the residential manager practical needs, the employer expectations, and resident priorities.
This course meets program requirements for the ARM® designation. If you are taking RES201 as part of the ARM® Designation program, you must have completed REIC2600 BEFORE taking RES201.
REIC offers this course virtually.
Course Fee
$1325 plus tax
Upcoming RES201 Dates
If no upcoming dates are listed, please check periodically for course additions.
Course Content
The goal of this course is to provide residential managers with the tools and expertise necessary to professionally manage the day-to-day aspects of residential properties. It is a comprehensive resource that will serve as an ongoing reference tool, and provides many forms and checklists for immediate, onthe-job application.
Part I: Course Overview - Discover the Big Picture. Gain insight into the exciting profession of residential management, including what you need to know about the management company, the property team, ownership entities, and the primary responsibility of meeting the owner’s goals and objectives.
Part II: The Staff - Get Talented at Talent Development. You’ll learn about managing the team, the life cycle of an employee, employment law and regulations, and effective communications, including intergenerational dynamics. Find out how to boost productivity and collaboration.
Part III: Accounting and Budgeting - It’s All About the Money. Improve your property’s bottom line and earn recognition by mastering accounting, budgeting, cash flow, capitalization, and working with capital.
Part IV: The Physical Property - Create a maintenance and risk management plan, inspect and protect the property, get smart at sustainability, and discover the keys to working with contractors.
Part V: The Residents and Surrounding Community - Understand target markets, comparison grids, marketing strategies and social media, execution of the lease, the importance of resident retention, and the ins and outs of relevant laws.
Part VI: The Property Management Office - Get a handle on record keeping strategies and accurate reporting to the owner. Ensure you’re on target to meet the owner’s goals and objectives.
Looking to get noticed?
Become designated! REIC offers industry-leading designations representing multiple sectors of the real estate industry.
