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Property management involves the administration, operation, and control of real estate properties. If you are interested in beginning or advancing you career in the field of property management, you could enjoy the flexibility of studying from home by taking online property management courses.
Choosing An Online Property Management Course:
Before you decide to take online property management courses, make sure that the school offering the program has received accreditation from a body which is recognized by US Department of Education. Other important factors to be considered while choosing an online course include the school's history and reputation, credentials of the faculty, and alumni network.
What Should You Expect From The Program?
Online property management programs are available at different levels including associate, bachelor, and master's degrees. The duration of a degree program will vary depending on the type of degree you are earning. Typically, associate's degree programs take two years to complete, bachelor's degree programs take four years, and a master's degree take two years to earn; but duration may vary according to a student's enrollment status and progress. Online courses in property management are intended to equip you with the necessary skills required for analyzing and selecting investment properties, negotiating terms and conditions, handling related financial matters, and administering day to day repairs and maintenance. Depending on your interest you could take specialize courses in any specific area including:
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Commercial property management
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Residential property management
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Business law
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Property marketing
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Construction management
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Hotel management
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Facilities management
In order to give you a better idea about the courses, the following is a list of examples of some common property management courses along with their description:
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Commercial Property Law: This involves the study of building codes, zoning, and different types of tenants.
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Residential Property Law: This course primarily deals with issues relating to rental agreements, buying and selling of property, and homeowners and tenants rights.
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Property Advertising: This course will teach you the strategies required for effective advertising of rental properties.
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Accounting: This course will provide training in balancing incoming and outgoing accounts for real estate.
Careers In Property Management:
After completing courses, students may gain the credentials to apply for positions as property managers. Generally, the primary responsibility of a property or real estate manager is to act as an intermediary between the property owner and all related third parties and ensure that the owner's investment is effectively handled and remains profitable. There are, however, a number of specific career options available for students who have completed courses in property management. These include:
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Leasing Consultant
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Rental Coordinator
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Maintenance Supervisor
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Facilities Coordinator
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Land Developer
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Apartment Manager
According to the US Bureau of Labor Statistics (BLS), in May 2012, 159,570 people were employed as property real estate and community association managers with an average hourly and annual wage of $30.56 and $63,570, respectively. The BLS has forecasted the employment of property managers to go up relatively slowly by 6% from 2010 to 2020. However, those with a college degree or professional certification will be more likely to land a good job.