| Syllabus Real Estate 14- Property Management West Los Angeles College Summer, 2008 Section #8486 (weekend college class 06/08-07/08) Location: On-line Virtual Office Hours: To be posted online via the chat room at varying intervals. Instructor: Chantal Grayson, Educator | Broker Email: cgrayson@fsrminc.com
Textbook needed: Property Management, 4th Edition by Walt Huber, Arlette Lyons CRS, GRI, SRES, William Pivar JD, Library of Congress Cataloging-in-Publishing Data; ISBN 978-0-916772-34-5 Course Description: REAL ESTATE 014 - PROPERTY MANAGEMENT This course is designed for real estate brokers, salespeople, students, and owners of income-producing properties interested in the field of real estate with an emphasis on property management. Topics covered include the nature and types of property management, organization for management, leases and contracts, selling of space and techniques of renting, tenant selection and supervision, and many other ethical, legal and professional relationships between owners and tenants. This course is a Department of Real Estate elective course. Section #8486 Goals & Objectives: Students will have fundamental knowledge of Property Mgmt. concepts and terminology. Upon completion of the course, the student will be able to complete, understand and explain leases and be able to anticipate financial and physical challenges facing property managers, educate investors and investment property owners. Course Materials: The main material for this course includes the course textbook, the Sunday Real Estate section of the Los Angeles Times, and any other materials assigned or provided by the instructor. Class format will on-line and include announcement, modules, assignments and quizzes. Students must log on everyday to pass this course except for weekends and legal holidays. Assignments and Exams: Students are expected to log in daily, read the text, complete and turn-in assignments according to schedule to receive the maximum benefit from this class. Students are expected to read the assigned text pages before each class and to complete all course assignments. Points will not be given for late assignments and No make up quizzes, mid terms or final exams will be given.
Course Withdrawal Procedure: Any student intending to withdraw from the course must follow the proper procedure, in accordance with the college Admissions office. Please check with them.
Grading:
Your Final Grade is earned based on the following points: Grade Category | Point Value | Point Breakdown | Quizzes | 45 | 3 x 15 pts | Assignments | 50 | 5 x 10 pts | Mid-Term | 30 | 30 pts | Final Exam | 100 | 100 pts | | 225 | |
1 Extra Credit Job shadow write up = 10 points total Point / Grade Breakdown A=202.5 and up B=180 – 202 pts C=157.5-179 pts D=135-157 pts F=134 pts A grade of C or better is required by the Department of Real Estate in order to take the State of California Department of Real Estate Examination for real estate licensing. Assistance: Students are encouraged to communicate primarily via Email:cgrayson@fsrminc.com. The secondary means of communication is via the telephone (310) 722-1694.
Students with Disabilities: Please contact me for further instructions and get verification from the DSP&S office in HLRC 123 or call them at 310.287-4450.
COURSE FORMAT: We have 15 Chapters to cover in 5 weeks. This means we will cover 3 chapters per week. At the end of each week we will have a comprehensive quiz, mid-term and the last week a final exam. Each chapter will have a power point presentation converted to a pdf file (for easy download) summarizing the chapters. After you review the pdf you will be asked to analyze the information disseminated in the text, and write a short reflective journal entry on what you read. Each reflective journal entry will help you pass the quizzes, mid-term and final exam. After scoring the quiz each question will be examined so that students will understand why the correct answer is the correct answer and why the other choices are incorrect or less correct. This method is intended to provide students with fundamental information about Property Mgmt. There are no make-up assignments or exams.
COURSE SCHEDULE:
01/02 -01/04
| Module 1 | Review syllabus of course topics please read entire syllabus and email me if you have any questions. Identify and explain the different types of real estate lease contracts and define different management types and associations. | Text | Chapter 1-3 Summarizes the History of Property Mgmt., ownership benefits, and mgmt. associations and contracts. | Quiz: | Chapter 1-3 | 01/07-01/11
| Module 2 | Understanding Residential Property Mgmt. and Commercial Property Mgmt. | Text | Chapter 4-6 Lease Clause and Contracts continued Midterm Contact one Residential Property Mgmt. and one Commercial Property Mgmt. and write a summary that includes the following: date and location; type of property; summarize your experience on how the individual or firm managed the property(ies) | 01/11 | Midterm | Chapters 1-6 | 01/14-18
| Module 3 | Special Mgmt. Scenarios, Liability and Risk Mgmt. and security. | Text | Chapter 7-9 Know your assets and liabilities. | | Quiz | Chapter 7-9 | 01/21-25
| Module 4 | Cost associated with Property Mgmt. What makes a good maintenance program? | Text | Chapter 10-12 Ethics | | Quiz | Chapter 10-12 | 01/28-2
| Module 5 | Evaluate and price a property through a Competitive Market Analysis. Identify and describe effective management practices. How to run an effective mgmt. office. | Text | Chapter 13-15 Branding | | Final Exam | All Chapters 75 Points |
***PLEASE NOTE: COURSE SYLLABUS AND COURSE SCHEDULE ARE SUBJECT TO CHANGE. |
