Ch 17: Overview of Property Management

About This Chapter

This chapter takes you through the components of managing real property. The lessons can prepare you to answer exam questions on the various aspects of this topic, ranging from the role property management to the rights and responsibilities of the landlord.

Overview of Property Management - Chapter Summary

This chapter contains a comprehensive overview of property management. It begins with an overview of what property management is and then moves into lessons that review the types of leases and touch on the typical eviction process. Rounding out this chapter are a couple of lessons related to budgets, including examples and preparation tips. By the end of this chapter, you should be able to:

  • Explain the role of property management
  • List landlord rights and responsibilities
  • Describe types of real estate leases
  • Explain the typical eviction process
  • Define and give examples of an operating budget
  • Explain how to prepare a capital expenditure budget

This chapter offers engaging lessons that allow you to work at your own pace in mastering the materials about property management. Our professional instructors have provided easily comprehended definitions and examples to best prepare you for your exam. You will be able to track your progress using our tools, such as self-check quizzes and the automatic tracking on your Dashboard.

6 Lessons in Chapter 17: Overview of Property Management
Test your knowledge with a 30-question chapter practice test
Property Management: Overview & Role

1. Property Management: Overview & Role

A professional or a business that deal with the day to day responsibility of real estate is called a property manager. In this lesson, we will explore the role of a property manager in real estate.

Landlord Rights & Responsibilities

2. Landlord Rights & Responsibilities

In this lesson, we will explore a landlord's legal rights and responsibilities in regard to their rental properties and tenants. We will discuss warranty of habitability, disclosure issues and lease inclusions.

Types of Leases in Real Estate

3. Types of Leases in Real Estate

A contract between a landlord and a tenant is a lease. In this lesson, you'll learn about different types of leases in typical real estate transactions including residential leases and commercial leases. A short quiz follows.

The Typical Eviction Process

4. The Typical Eviction Process

Landlords occasionally have to compel a tenant to vacate a building. This lesson will discuss a typical eviction procedure as well the tactic of 'constructive eviction'. A short quiz follows the lesson.

What Is Operating Budget? - Definition & Examples

5. What Is Operating Budget? - Definition & Examples

What are operating budgets? In this lesson, learn about how operating budgets are created and explore how they can be used to help businesses succeed. Some examples will be given.

Capital Expenditure Budget: Definition & Preparation

6. Capital Expenditure Budget: Definition & Preparation

Since companies must constantly upgrade and update their equipment, it's no surprise that the capital expenditure budget is one of the most important documents that a company will produce. Learn more about it in this lesson.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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