Note: This program is not being offered in the Summer 2017 semester.
Residential real estate property administration—an employment sector that is expected to grow by 12 percent over the next decade—offers exciting, entry-level and sustainable career opportunities for students with little to no business experience. Learn how these lower-level jobs can grow into management roles, which are multidisciplinary and wide-ranging—from financial planning, budgeting, and reporting to marketing, negotiating, leasing, and maintaining the real estate investment. The property management sector is an excellent place to start a real estate career. Preliminary job opportunities include assistant property manager, management office staff member, rental assistant, and general assistant of maintenance and purchasing. Growth positions include property manager, asset manager, and leasing and marketing specialist.
As a participant in the Professional Diploma in Residential Property Management, acquire an introduction to real estate investment concepts and property management principles. Learn how to market properties; negotiate and execute leases; manage staff and handle human resource issues; manage day-to-day operations of the property, including maintenance and other service contracts; address risk management and insurance concerns; and enhance the value and financial performance of the real property asset. This program includes guest lectures by industry professionals, hands-on projects, and site visits to New York City multifamily properties. Gain a comprehensive understanding of the main roles and responsibilities of the property manager, including how best to position a property to maximize its investment return and profit, optimize tenant relations and retention, and maintain property-building systems and extend their economic life.
As a student in the program, you will be asked to develop and pitch a comprehensive property management proposal to prospective landlords/owners with the intent of gaining new residential property management contracts. Through an iterative process, you will develop the final work product as you move through and complete the courses. The final work product will be submitted and presented to a panel of industry professionals.
- Tenant screening
- Lease preparation
- Account payables and receivables
- Rent billing and collection
- Payroll preparation
- Tenant relations
- Real estate data collection for market analysis
- Assistant Property Manager
- Administrative Staff Person
- Rental Assistant
- General Assistant of Maintenance and Purchasing
- Residential Leasing Manager
Tuition: $2,250 (one semester) or $2,850 (two semesters)
You'll Walk Away With
- Knowledge of the principles and practices of residential property management
- The ability to develop a property management services strategy for a potential client/owner
- An understanding of budget and accounting for residential properties
- An understanding of landlord/tenant rules and regulations
- The ability to evaluate, and revise as needed, a residential lease agreement
- The ability to gather and compare regional and neighborhood property market data
- The skills to prepare a market strategy for a subject property