Managing Property Managers

"Turn the menial tasks of property management over to a reliable and capable manager, to free up your time for more investing. "

16
Hrs
Mins
Secs
05
42
01
Segments Duration
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INSTRUCTOR

Chris Wilson

Chris Wilson is a real estate investor and a licensed real estate agent with more than 30 years of experience! His businesses specialize in fix and flip, property management, wholesaling, land-lording and traditional real estate services. He has found success in residential, land and light commercial real estate transactions. He loves speaking and is willing to share his extensive wealth of knowledge with you, allowing inexperienced investors to benefit from his financial success!

Description:

When your time becomes too valuable to manage every asset in your real estate portfolio personally, you need to know how to select, track and evaluate the right property manager for your business! If you are not there yet, learn detailed strategies and tricks of the trade from one of the best property managers in the business. Learn what role a property manager should play in your business and how to manage responsibilities between the investor, tenants and the property management company. Learn how to interview potential property managers and negotiate strong contracts where both the company and the investor win. Learn federal and state laws that apply to the ownership and management of residential housing. Find quality tenants through a systematic and vigorous screening process that is easy to use and manage. Understand the process that must be followed when a tenant breaks the lease terms and how to protect your investment. Interpret responsibility for rental repairs. Understand and identify the required documents for a good tenant relationship. Master the principles of the self-management of rental portfolios, and learn when and how you can transition to third-party management. Experience the level of freedom investors gain when they use property managers to maximize profitability and free up time to find more investment properties. Throughout his course Chris Wilson identifies with you the key components of a strong management agreement, detailed property management checklists, property management documents and the other tools investors need to successfully implement property management.

  • 01

    What Are Property Managers?

    Chris Wilson, who has experience with many different facets of real estate investing, explains how he came to need and utilize property managers.

  • 02

    Why Hire Property Managers?

    The benefits to the owner are numerous; Chris shares his experience and reasons behind his choices.

  • 03

    Where do We Find Property Managers?

    Know what time, money and resources you have available and how they will be impacted by a property manager.

  • Show all 16 segments

    • 04

      Reports

      Chris lets us in on a few tips for analyzing property managers.

    • 05

      Excise Tax

      What is this tax, who pays it and how does your property manager influence it?

    • 06

      Roles: Yours Vs. Property Managers

      Know which components of real estate management fall to the owner and which are the responsibility of the property manager.

    • 07

      Roles, Continued

      The top 6 tasks of the property manager, from rent collection to regulation enforcer.

    • 08

      Pre-Assessment Review

      Chris addresses the questions of the assessment.

    • 09

      Pre-Assessment Review, Continued

      More questions are addressed and answered with examples from Chris' experiences.

    • 10

      Pre-Assessment Review, Continued

      Time is spent discussing the issues of discrimination, and how it may affect your real estate ownership experience.

    • 11

      Property Manager Responsibilities

      Learn what property managers should be doing, from maintenance to anticipating challenges.

    • 12

      Communication with Tenants

      As the buffer between owner and tenant, property managers control communications between the parties.

    • 13

      Three Case Studies

      Chris involves the class members as he presents three case studies to demonstrate some of the information he's shared.

    • 14

      Management, Tools & Cost

      Documents, computer programs and plans that can keep your properties running smoothly are shown here. Costs of property management are introduced.

    • 15

      Cost Breakdown

      Assessment questions are answered as Chris covers important fees and costs.

  • 16

    Post-Assessment and Wrap-Up

    Information is reinforced and reviewed, followed by a challenge to go "be successful!"