PM Done Right

Welcome to Landlording Made Easy. I’m so happy that you have decided to be here today. You are the exact type of landlord I loved working with since you were willing, and able to be the best landlord possible.

You are in the right place so let’s get started!

Module 1 – Let’s Get Started

Lesson 1 – Welcome

Welcome to Landlording Made Easy. I’m so happy that you have decided to be here today. You are the exact type of landlord I loved working with since you were willing, and able to be the best landlord possible.

Lesson 2 – About Your Instructor

Hi, I’m Kathleen Richards and I’m so excited to be with you today. I’ve been teaching this course live at local community colleges since 2009. I started out like you, a landlord and over the years I had property managers good and not so good.

Lesson 3 – Outline and Objectives

In this class we are going to cover the fundamentals of managing your rental. You will learn if you have what it takes to be a landlord, fair housing and how that impacts your business and the options available to you if you choose not to manage yourself.

Module 2 – So You Want To Be A Landlord… Really?

Lesson 1 – Do You Have the Skills?

Are you patient? Do you have accounting ability? Do you have your vendors on speed dial?

Lesson 2 – What Are Your Options?

I always say if you would describe yourself as a person who has their heart on their sleeve then you don’t want to manage properties. You will get chewed up and spit out. So what are your options if you want to own rental properties?

Lesson 3 – Systems Are The Key

Systems make the job easier. They help you create a process for how to do things so you are never caught off guard.

Lesson 4 – A Can of Worms

SFair Housing is the boogeyman for landlords and property managers. So you must know Fair Housing Law to protect yourself and your business.

Module 3 – Management Cycle

Lesson 1 – Preparing the Property for Rent

Here are the 6 key points to get your property ready to rent.

Lesson 2 – Advertising – What is Legal & Isn’t

Remember you are selling a rental not selling the house. So keep your advertising short and sweet and to the point. Just state the facts and follow fair housing laws.

Lesson 3 – Screening & Red Flags

In order to find a qualified tenant you must screen but this can be dangerous with Fair Housing Laws as landmines. Keep in mind with Fair Housing it is all about treating everyone the same.

Lesson 4 – Showing Property

Showing a property now-a-days can be done in person or with keyless lockboxes. For most private landlords it will be in person. To me this is one of the most important parts of screening an applicant.

Lesson 5 – Application & Criteria

It is vital that you use a current and legal application and have a criteria form that is part of your application. I have provided both to you in the downloads for this lesson.

Lesson 6 – Processing Applicant

7 steps to Processing the Application.

Lesson 7 – Components of a Good Lease

The most important aspect of a good lease is using a current and legal one. Don’t buy from office supply store. I have provided a lease and addendum to use.

Lesson 8 – Managing the Tenancy

8 Tips for a Successful Tenancy.

Lesson 9 – Navigating the Move-Out Process

7 Tips for a Smooth Move Out.

Lesson 10 – Security Deposit – What is Wear & Tear?

Lesson 10 – Security Deposit – What is Wear & Tear?

Module 4 – What if _________? How to Handle Situations

Lesson 1 – Laws & Notices

8 Laws & Notices You Need to Know.

Lesson 2 – Problems

Owning a business always has its challenges and having a rental business is no exception. So how do you handle problems that may arise?

Module 5 – You’re In Business

Lesson 1 – You’ve Got This!

In this course you have learned the fundamentals of managing your rental. You learned if you have what it takes to be a landlord.

Lesson 2 – Resources

You now have the tools and resources to confidently have a successful business. You understand the importance of documentation to help you run your business, keep you out of court, provides records for tax purposes, keeps everyone one the same page and mitigates problems, and in many cases it is the law.

Lesson 3 – Congrats & What’s Next?

I want to thank you all for spending your valuable time with me. Just like you I started out as a landlord and moved into becoming a professional. I hope my decades of real world experience as a professional has given you the confidence that you too can do this. You, too can run a successful rental business.