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General Information

Course ID (CB01A and CB01B)
RESTD055.
Course Title (CB02)
Real Estate Property Management
Course Credit Status
Credit - Degree Applicable
Effective Term
Fall 2023
Course Description
This course provides a practical approach for handling problems encountered by owners and managers of residential and income properties. Topics include client relationships, property inspection, scheduling maintenance, screening tenants, legal considerations, risk management, handling, and negotiating leases, staffing, marketing techniques, working relationships, financial reporting, record maintenance, and insurance. The course can be applied toward the educational requirements of the California Real Estate Salesperson and Broker license examinations. See dre.ca.gov for current license requirements.
Faculty Requirements
Course Family
Not Applicable

Course Justification

This course serves as an elective, transferable to the CSU for Business majors. This course belongs on the Real Estate AA degree. This course is our only course that focuses on the property management side of the program for our certificate and degree in real estate. It is an acceptable course for anyone seeking to sit for the California Department of Real Estate license exam and one of the statutory courses needed for the brokers' exam.

Foothill Equivalency

Does the course have a Foothill equivalent?
No
Foothill Course ID

Course Philosophy

Formerly Statement

Course Development Options

Basic Skill Status (CB08)
Course is not a basic skills course.
Grade Options
  • Letter Grade
  • Pass/No Pass
Repeat Limit
0

Transferability & Gen. Ed. Options

Transferability
Transferable to CSU only

Units and Hours

Summary

Minimum Credit Units
4.0
Maximum Credit Units
4.0

Weekly Student Hours

TypeIn ClassOut of Class
Lecture Hours4.08.0
Laboratory Hours0.00.0

Course Student Hours

Course Duration (Weeks)
12.0
Hours per unit divisor
36.0
Course In-Class (Contact) Hours
Lecture
48.0
Laboratory
0.0
Total
48.0
Course Out-of-Class Hours
Lecture
96.0
Laboratory
0.0
NA
0.0
Total
96.0

Prerequisite(s)

Corequisite(s)

Advisory(ies)

  • ESL D272. and ESL D273., or ESL D472. and ESL D473., or eligibility for EWRT D001A or EWRT D01AH or ESL D005.
  • Elementary algebra or equivalent (or higher), or appropriate placement beyond elementary algebra

REST D050.

Limitation(s) on Enrollment

Entrance Skill(s)

General Course Statement(s)

Methods of Instruction

Lecture and visual aids

Discussion of assigned reading

In-class exploration of Internet sites

Homework and extended projects

Discussion and problem solving performed in class

Assignments

  1. Required reading from the text
  2. Create a residential or commercial lease template with required elements
  3. Analysis of case studies
  4. Create a property management marketing plan
  5. Research property management associations

Methods of Evaluation

  1. Objective examinations to evaluate mastery of key terms and concepts as well as application skills related to analysis and comprehension of the California real estate property management field. The tests may include essay questions on course objectives. The exams will be designed with an eye toward the CA Department of Real Estate License exam and will cover the topics that are currently covered in the professional exam.
  2. Written reports and multiple choice quizzes will be used to evaluate student learning. Reports may include property lease creation and analysis and will be based course objectives. The quiz questions will be designed with an eye toward the CA Bureau of Real Estate License exam and will cover the topics that are currently covered in the DRE license exam. All reports and quizzes will meet 70% minimum success grading criteria.
  3. Comprehensive final exam to cover all major topics to show a broad understanding of real estate property management concepts.

Essential Student Materials/Essential College Facilities

Essential Student Materials: 
  • None.
Essential College Facilities:
  • None.

Examples of Primary Texts and References

AuthorTitlePublisherDate/EditionISBN
Kyle, Robert; Spodek, Marie; Baird, Floyd, "Property Management" 10th Edition., Dearborn real estate education, Chicago IL, 2017
Haupt, Kathryn; Faraz, Inger, et. al. "Property Management" 2nd ed., Rockwell publishing, Bellevue WA, 2017.

Examples of Supporting Texts and References

AuthorTitlePublisher
None.

Learning Outcomes and Objectives

Course Objectives

  • Explain professional property management overview concepts
  • Explain how to work with management clients
  • Develop a management plan
  • Explain financial aspects of property management
  • Investigate marketing methods
  • Illustrate leasing concepts
  • Explore tenant relationships
  • Explore how to manage residential property
  • Explore how to manage office properties
  • Explore how to manage retail properties
  • Explore how to manage industrial properties
  • Explore risk management strategies
  • Explore federal, state, and local law compliance

CSLOs

  • Create property management marketing plan.

  • Identify essential lease provisions.

  • Identify best practices to reduce property management risk.

Outline

  1. Explain professional property management overview concepts
    1. Professional property managers
    2. Types of managed properties
    3. The property manager’s role
    4. Career possibilities for property managers
    5. Professional development for property managers
  2. Explain how to work with management clients
    1. Types of property owners
    2. The legal relationship between manager and client
    3. Working with a new client
    4. Communicating with the client
    5. Terminating a manager-client relationship
  3. Develop a management plan
    1. The management plan
    2. Regional analysis
    3. Neighborhood analysis
    4. Property analysis
    5. Market analysis
    6. Preparing and presenting a management plan
  4. Explain financial aspects of property management
    1. Accounting
    2. Trust funds and bank accounts
    3. Gross income and operating expenses
    4. Net operating income
    5. Cash flow
    6. Preparing the annual operating budget
    7. Financial reports
    8. Income tax ramifications of real estate ownership
  5. Investigate marketing methods
    1. General marketing principles
    2. Marketing property for lease
    3. Marketing the property management business
    4. Evaluating the effectiveness of marketing
    5. Public relations
    6. Advertising laws
  6. Illustrate leasing concepts
    1. Selecting tenants
    2. Lease provisions
    3. Signing the lease
  7. Explore tenant relationships
    1. Creating a strong manager-tenant relationship
    2. Rent collection
    3. Breaching lease agreements
    4. Retaining tenants
    5. Termination of tenancy
  8. Explore how to manage residential property
    1. Residential property management
    2. Residential management planning
    3. Marketing residential property
    4. Leasing residential property
    5. Residential operations
    6. Working with residential tenants
    7. Handling residential security deposits
    8. Managing specific types of residential property
  9. Explore how to manage office properties
    1. Types of office properties
    2. Management planning for office property
    3. Marketing office space
    4. Leasing office space
    5. Operations and reporting
  10. Explore how to manage retail properties
    1. Types of retail property and tenants
    2. Management planning for retail property
    3. Marketing retail space to tenants
    4. Leasing retail space
    5. Operations and reports to the owner
  11. Explore how to manage industrial properties
    1. Types of industrial property
    2. Management planning for industrial property
    3. Marketing industrial property
    4. Leasing industrial property
    5. Operations and reporting
  12. Explore risk management strategies
    1. Reducing risk from employees and contractors
    2. Reducing risk from the property
    3. Emergency preparedness
    4. Security issues
    5. Insurance
  13. Explore federal, state, and local law compliance
    1. Antitrust laws
    2. Disclosure laws
    3. Laws affecting tenant screening
    4. Antidiscrimination laws
    5. Federal employment laws
    6. Land use laws
    7. Environmental laws
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