
Property Management Essentials
Define property management's core functions—tenant relations, maintenance oversight, financial reporting—and distinguish it from real estate sales or ownership.
Identify key lease clauses (rent, term, maintenance responsibilities), recognize tenant rights and landlord obligations, and spot common exam pitfalls in contract interpretation.
Apply preventive maintenance schedules to reduce emergency costs, calculate reserve budgets using industry benchmarks, and explain why proactive spending saves money long-term.
Recognize protected classes under Fair Housing Act, identify discriminatory practices to avoid, and demonstrate compliant tenant screening and lease enforcement procedures.