Business Services & Operations
Residential Property Management
Program Summary
To businesses and investors, properly managed apartment communities and other residential real estate is a source of income and profits. Residential property and community association managers maintain and increase the value of those investments by handling the logistics of the business operations and the properties’ day-to-day management.
Employed either directly by the owner or indirectly through a property management firm, property managers ensure that rent is collected and those taxes, insurance premiums, payroll, and maintenance bills are properly paid. Senior property managers typically supervise the preparation of financial statements and report to the owners on the status of the property, occupancy rates, operational expenses, and the need for capital improvements.
Often, property managers negotiate and monitor contracts for janitorial, security, grounds keeping, trash removal, and other community services. They ensure that the property is safe and properly maintained. They investigate and resolve complaints from residents and are responsible for enforcing the terms of rental and/or lease agreements with those residents. Property managers are also responsible for renovating, advertising, and meeting with prospective residents to show and lease vacancies.
To fulfill these duties, property managers must understand and comply with relevant legislation, such as the Americans with Disabilities Act, the Federal Fair Housing Amendment Act, and local fair housing laws. They must ensure that their renting and advertising practices are not discriminatory, and that the property itself complies with all of the local, state, and Federal regulations and building codes.
Employment Trends
- Particularly good opportunities are expected for those with experience managing senior housing or with experience running communities with special health consideration.
- Education takes precedence over experience in this field. Employers are increasingly hiring college graduates or those with specialized formal training even if they don’t have much practical experience. Advancement, then, comes with experience.
- To help properties become more profitable, more commercial and residential property owners are expected to place their investments in the hands of professional managers.
Program Objectives
- Successful completion of each course earns a Certificate of Completion
- Skills development and preparation leading to an academic degree or to professional credentialing
Program Curriculum
|
Crs #
|
Course Name |
Hrs
|
| RES333 |
Introduction to Residential Property Management |
96 |
|
Program Total |
96 |
This course prepares students for entry-level positions as leasing consultants or assistant
property managers, as well as for further professional training and certification. The management
of rental property (apartments) is emphasized, but common interest reality associations
(CIRA) and other residential property (manufactured and senior housing, single family
homes) are also covered.
Please check the
Schedule of Courses for courses currently offered.
For additional information, contact:
Ms. Denise Samuels
PGCC Program Coordinator
301-322-0120, barinodm1@pgcc.edu
PGCC Academic Programs
For those who wish to continue their education in residential property management (RPM), the college also offers:
The Residential Property Management Program was developed at the request of and in cooperation with the Apartment and Office Building Association (AOBA). Individuals who complete the Residential Property Management AAS will have a well-rounded business education that will qualify them for employment as residential property managers. Individuals who complete the Residential Property Management certificate will have a basic understanding of residential property management components.