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Professional Diploma Professional Diploma in Residential Property Management

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Note: This program is not being offered in the Summer 2017 semester.

Program Description
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.

Work Product
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.

Job Skills

  • Tenant screening
  • Lease preparation
  • Account payables and receivables
  • Rent billing and collection
  • Payroll preparation
  • Tenant relations
  • Real estate data collection for market analysis

Job Titles

  • 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

Required Program Curriculum

hand selected to give you the skills and training you need to start your new career

Principles and Practices of Residential Property Management

This course provides a comprehensive overview of the main roles and responsibilities of the residential property manager.

Legal Aspects of Residential Property Management

Study the fundamentals of residential property management from a legal perspective.

Residential Property Management Leasing and Marketing

Learn how to effectively analyze, prepare, and market residential real estate through the creation of a comprehensive marketing plan.

Building Systems, Operations, and Maintenance

Gain an introduction to the building systems, operations, and maintenance of residential properties.

JobFocus: Residential Property Management

Gain a better understanding of the job market and of employer expectations in the field of residential property management.

General Admission Requirements

For those who have completed some college 

• Completion of 32 credits with at least 2 years work
   experience OR 60 credits with no work experience
   required

Principles and Practices of Residential Property Management

This course provides a comprehensive overview of the main roles and responsibilities of the residential property manager.

Legal Aspects of Residential Property Management

Study the fundamentals of residential property management from a legal perspective.

Residential Property Management Leasing and Marketing

Learn how to effectively analyze, prepare, and market residential real estate through the creation of a comprehensive marketing plan.

Building Systems, Operations, and Maintenance

Gain an introduction to the building systems, operations, and maintenance of residential properties.

JobFocus: Residential Property Management

Gain a better understanding of the job market and of employer expectations in the field of residential property management.