Property Management 101
This class will explain the rules of property management and how relationships are different between owner and manager versus broker and sales agent. We will be diving into ARS Statute and commissioner standards. Legal questions and answers will help you navigate through the do’s and don’ts of property management. Learn what to look for in an ADRE Audit.
3 Hrs Commissioner’s Standards
Lessons
1- Start Here – Important Terms – Property Management 101
2 – What is Property Management – Property Management 101
🔊 Listen to Lesson Importance of Property Management Property management is a critical aspect of a property performing to its full potential. Poorly managed properties end up costing the owner of a property significantly…Importance of Property Management Property management is a critical aspect of a property performing to its full potential. Poorly managed properties end […]
3 – Is Property Management Right for You – Property Management 101
🔊 Listen to Lesson What You Need to Know Before You Take on Landlords, Tenants & Other Unknowns Perhaps a client wants your help leasing a property while she rides out the market. Maybe…What You Need to Know Before You Take on Landlords, Tenants & Other Unknowns Perhaps a client wants your help leasing a […]
4 -Types of Property Management – Property Management 101
🔊 Listen to Lesson There are specific types of property management depending on the property being managed. Most of us, when thinking of property management, picture a property manager running an apartment complex. Managers…There are specific types of property management depending on the property being managed. Most of us, when thinking of property management, picture […]
5 – Legal Hotline Q & A – Property Management 101 part 1
🔊 Listen to Lesson All Information on this page is from the Arizona Association Of Realtors Legal Hotline Click here A Property Manager Must Disburse Funds as Directed by the Parties FACTS: In light of…All Information on this page is from the Arizona Association Of Realtors Legal Hotline Click here A Property Manager Must Disburse Funds […]
6 – Section 1 Exam – Property Management 101
🔊 Listen to Lesson
7 – Property Manager Role – Property Management 101
🔊 Listen to Lesson
8 – Property Manager Obligations to Security Deposits – Property Management 101
🔊 Listen to Lesson 33-1321. Security deposits A. A landlord shall not demand or receive security, however, denominated, including, but not limited to, prepaid rent in an amount or value in excess of one…33-1321. Security deposits A. A landlord shall not demand or receive security, however, denominated, including, but not limited to, prepaid rent in […]
9 – Property Manager Rules – Property Management 101
🔊 Listen to Lesson There are numerous property management rules. Let’s start with the ability to manage a property. Do property managers need a real estate license? The answer is yes, typically, but there…There are numerous property management rules. Let’s start with the ability to manage a property. Do property managers need a real estate […]
10 – Legal Hotline Q & A on Property Management 101 part 2
🔊 Listen to Lesson All Information on this page is from the Arizona Association of Realtors Legal Hotline Click here Maintenance Man Cannot Perform Move-In / Move-Out Inspections of Rental Property ISSUE: At the…All Information on this page is from the Arizona Association of Realtors Legal Hotline Click here Maintenance Man Cannot Perform Move-In / […]
11 – Section 2 Exam – Property Management 101
🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the ExamYou will need to wait for the timer to run out before you can submit the Exam
12 – Landlord Obligations to Security Deposits – Property Management 101
🔊 Listen to Lesson 33-1321. Security deposits A. A landlord shall not demand or receive security, however, denominated, including, but not limited to, prepaid rent in an amount or value in excess of one…33-1321. Security deposits A. A landlord shall not demand or receive security, however, denominated, including, but not limited to, prepaid rent in […]
13 – Landlord to Maintain Fit Premises – Property Management 101
🔊 Listen to Lesson Arizona Revised Statutes 33-1324. Landlord to maintain fit premises A. The landlord shall: 1. Comply with the requirements of applicable building codes materially affecting health and safety as prescribed in…Arizona Revised Statutes 33-1324. Landlord to maintain fit premises A. The landlord shall: 1. Comply with the requirements of applicable building codes […]
14 – Prepossession and Post Possession Risks – Property Management 101
🔊 Listen to Lesson Prepossession and Post Possession agreements carry inherent risks and raise a variety of issues. However, there are times that a buyer would like to move into the property before the…Prepossession and Post Possession agreements carry inherent risks and raise a variety of issues. However, there are times that a buyer would […]
15 – Lease/Purchase and Lease/Option – Property Management 101
🔊 Listen to Lesson There are many reasons why a client may want to enter into a lease/purchase or lease/option agreement. Most commonly, the buyer wants to enter into a lease/purchase or lease/option agreement…There are many reasons why a client may want to enter into a lease/purchase or lease/option agreement. Most commonly, the buyer wants […]
16 – Legal Hotline Q & A – Property Management 101 part 3
🔊 Listen to Lesson All Information on this page is from the Arizona Association Of Realtors Legal Hotline Click here Property Manager Must Honor Time Frames in Five-Day Notice FACTS: The property manager presented a…All Information on this page is from the Arizona Association Of Realtors Legal Hotline Click here Property Manager Must Honor Time Frames […]
17 – Section 3 Exam – Property Management 101
🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the ExamYou will need to wait for the timer to run out before you can submit the Exam
18 – Leasing – Property Management 101
🔊 Listen to Lesson A lease is a valuable interest in real property. Single-family homes, apartments and mobile homes are leased as residences. Business offices, retail outlets, industrial buildings and agricultural land are leased…A lease is a valuable interest in real property. Single-family homes, apartments and mobile homes are leased as residences. Business offices, retail […]
19 – Tenant Obligations – Property Management 101
🔊 Listen to Lesson 33-1341. Tenant to maintain dwelling unit Tenants are to comply with all obligations primarily imposed upon tenants by applicable provisions of building codes materially affecting health and safety. Keep that…33-1341. Tenant to maintain dwelling unit Tenants are to comply with all obligations primarily imposed upon tenants by applicable provisions of building […]
20 – Eviction and Post-Eviction Myths – Property Management 101
🔊 Listen to Lesson I can evict the tenant because I am the property manager and the Property Management Answer: The Rules of Procedures for Eviction Actions (RPEA), Rule 11 (a)(1) specifically prohibits property managers from… I can evict the tenant because I am the property manager and the Property Management Answer: The Rules of Procedures for Eviction Actions (RPEA), […]
21 – Legal Hotline Q & A on Property Management 101 part 4
🔊 Listen to Lesson All Information on this page is From the Arizona Association Of Realtors Legal Hotline Click here Property Manager Not Required to Have a Contractor’s License to Order Repairs FACTS: The…All Information on this page is From the Arizona Association Of Realtors Legal Hotline Click here Property Manager Not Required to Have […]
22 – Section 4 Exam Property Management 101
🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam You will need to wait for the timer to run out before you can submit the Exam
23 – AUDITING FACTS – BROKER TRUST ACCOUNTS – Property Management 101
🔊 Listen to Lesson What are the minimum requirements applicable to each broker’s trust account? In accordance with A.R.S. § 32-2151.B, the minimum requirements for a broker’s trust account include: Monies shall be used…What are the minimum requirements applicable to each broker’s trust account? In accordance with A.R.S. § 32-2151.B, the minimum requirements for a […]
24 – AUDIT CHECKLIST – Property Management 101
🔊 Listen to Lesson A licensed real estate broker has received notification from the Department regarding the performance of a Broker Audit – either an onsite audit or an EBAR (Electronic Broker Audit Review).…A licensed real estate broker has received notification from the Department regarding the performance of a Broker Audit – either an onsite […]
25 – Auditing FAQS – Property Management 101
🔊 Listen to Lesson What is Property Management? Is a real estate license required to conduct property management services? May a real estate salesperson or associate broker operate a property management business separate from their…What is Property Management? Is a real estate license required to conduct property management services? May a real estate salesperson or associate […]
26 – Legal Hotline Q & A on Property Management 101 part 5
🔊 Listen to Lesson All Information on this page is from the Arizona Association Of Realtors Legal Hotline Click here Where a Tenant Commits a Felony in the Leased Premises, the Landlord May Immediately…All Information on this page is from the Arizona Association Of Realtors Legal Hotline Click here Where a Tenant Commits a Felony […]
27 – Section 5 Exam Property Management 101
🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the ExamYou will need to wait for the timer to run out before you can submit the Exam
28 – Using Google Alerts to Stop Rental Scams – Property Management 101
🔊 Listen to Lesson Despite repeated warnings from authorities and increased media coverage about rental scams and the scraping of on-line real estate listings, many consumers continue to fall victim. Because it’s free, CraigsList…Despite repeated warnings from authorities and increased media coverage about rental scams and the scraping of on-line real estate listings, many consumers […]
29 – Form AUD-101 – Property Management 101
🔊 Listen to Lesson PROPERTY MANAGEMENT TRUST ACCOUNT RECONCILIATION (Form AUD-101) INSTRUCTIONS BY FIELD (NOTE: A separate monthly reconciliation should be prepared for each Property Management Trust Account.) THE ATTACHED PROPERTY MANAGEMENT TRUST ACCOUNT…PROPERTY MANAGEMENT TRUST ACCOUNT RECONCILIATION (Form AUD-101) INSTRUCTIONS BY FIELD (NOTE: A separate monthly reconciliation should be prepared for each Property Management […]
30 – Advertising – Property Management 101
🔊 Listen to Lesson Using the REALTOR® Trademark The term REALTOR® is a federally registered collective membership mark owned exclusively by the National Association of REALTORS® (“NAR”). The REALTOR® membership mark serves the singular…Using the REALTOR® Trademark The term REALTOR® is a federally registered collective membership mark owned exclusively by the National Association of REALTORS® […]
31 – Legal Hotline Q & A on Property Management 101 part 6
🔊 Listen to Lesson All Information on this page is From the Arizona Association Of Realtors Legal Hotline. Unsolicited Text Message Marketing Is Illegal FACTS: An agent wants to send unsolicited text messages to…All Information on this page is From the Arizona Association Of Realtors Legal Hotline. Unsolicited Text Message Marketing Is Illegal FACTS: An […]
32 – Section 6 Exam Property Management 101
🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the ExamYou will need to wait for the timer to run out before you can submit the Exam
33 – Final Exam-Property Management 101
🔊 Listen to Lesson The Final is not timed. Once you have passed this final… For The Property Management 101 Remember to PRINT OUT YOUR CERTIFICATE and then you may move on to a new Course.The Final is not timed. Once you have passed this final… For The Property Management 101 Remember to PRINT OUT YOUR CERTIFICATE and then you […]
