How to Start, Run, and Grow a Property Management Business

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See What Each of the 10 Lessons Cover

"It's just perfect. It includes things you would never even think to consider. It doesn't just tell you what to do, it tells you how to do it and then shows you how to make sure you've done it correctly. You start the first lesson, do what it tells you to do, and by the end of it all you're running a profitable business. It's fantastic."

- Johna Walker, Walker Real Estate

10-Lesson Training Course that will equip you with the information, skills, and tools needed to succeed in residential property management.

This course covers the essential activities involved in operating a property management business like leasing, maintenance, rent collections, inspections, and much more. Along with learning the core functions of a property management company, our expert instructors will incorporate the key business components, such as technology, operations, finance, marketing, and reporting. Coupled with property management know-how learned in this course, these fundamentals will provide you with the real-world skills to build a successful property management business.

In This Course You Will Receive:

10 Self-Guided Online Training Lessons
A Property Management Startup Workbook
10 Lesson Quizzes
A Property Management Business Toolbox Provided by Rent Bridge, Giving You Some Great Tools and Resources to Get Started

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In This Course You Will Receive:

10 Self-Guided Online Training Lessons
A Property Management Startup Workbook
10 Lesson Quizzes
A Property Management Business Toolbox Provided by Rent Bridge, Giving You Some Great Tools and Resources to Get Started

"Not only did it turn out to be a great resources for new hires, but it completely transformed the way that we do business! We are more profitable, more streamlined, and growing quickly with less stress. You won't regret the investment."

- Pete Neubig, CEO - VPM Solutions

Course Curriculum

Each lesson is designed to build on the previous topic in order to give you a solid foundation. These in-depth lessons dive deep into procedures, workflows, and technology, giving you a real, working knowledge of each stage of managing a property.

Lesson 1

Property Management Business Overview

Benefits of Operating a Property Management Business
What a Property Manager Does
How a Property Management Company Makes Money
Startup Checklist and Regulatory Issues

Lesson 2

Life Cycle of a Property Under Management

Sales and New Client Onboarding
Leasing and New Tenant Onboarding
Management During Lease Term
Move-Out and Relist Procedure

Lesson 3

Technology Solutions

Property Management Software
CRM
Leasing Software
Websites and Hosting
Document Storage
Task Management
Inspection Tools
Customer Service Tools

Lesson 4

Onboarding New Clients and Properties

Handling New Owner Leads and the Sales Process
Executing the Management Agreement
What You’ll Need From the Property Owner
Onboarding Clients and Properties into Your Property Management Software

Lesson 5

Leasing and Property Make-Readies

Determining the Rent Amount
Assessing and Preparing the Property
Listing the Property
Fielding Tenant Inquires, Showings, and Applicants
Executing the Lease
Move-In Inspections and New Tenants

Lesson 6

Managing During the Lease Term

Collecting Rent
Late Fees and Other Charges
Lease Enforcement Issues
Evictions
Maintenance
Inspections

Lesson 7

Lease Expirations, Renewals & Relists

Managing Lease Expirations
Renewals
Move-Outs
Make-Readies
Relists

Lesson 8

Marketing and Growing Your Business

Sales Pitch Development
Branding, Design, and Materials
Sales Process and Lead Workflow
Marketing Campaigns
Building a Marketing Budget

Lesson 9

Fees, Budgeting, & Planning

Sources of Revenue
Fee Structure Options
Ancillary Service Opportunities
Modeling Growth
Creating a Basic Financial Planning Model
Creating Your Vision for Your Company

Lesson 10

Reviewing Your Toolbox

Preferred Vendors
Departmental Business Tools
Resource Center
Discounted Services and Pricing

Your Instructor

Michael Park, JD

Michael is the Managing Partner at Rent Bridge Group, LLC. During his 18 years working in residential real estate, Michael has managed the operations, sales, and metrics for thousands of residential properties across the nation. Michael's career spans the areas of residential real estate law, executive management, operations, sales, business development, and property management startups. Michael helps companies streamline processes, develop powerful growth strategies, and helps build more profitable property management companies.

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"This course is a game-changer. It leaves nothing to chance and holds your hand every step of the way. At this price or any price, it's worth it. I've gone back twice since I finished just to look over some of the videos again, and I learn something new every time! Use it for yourself, use it to train your staff, either way - you can't go wrong."

- Stacey Norris, Renters Warehouse Dallas