Are You a Property Manager?

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This class is designed to help you understand the difference between a property management company and a real estate agent. Don’t get caught up in Property Management unexpectedly.  The do’s and don’ts Of Management of real estate for others.

3 Hrs. Commissioner Standards

Lessons

2-Definition of a Property Manager-Are You a Property Manager

Length: 5 minutesComplexity: Standard

🔊 Listen to Lesson Definition of a Property Manager Real estate licensees (both sales agents and brokers) in Arizona have the luxury of offering many different types of real estate services. The specialties Arizona…Definition of a Property Manager Real estate licensees (both sales agents and brokers) in Arizona have the luxury of offering many different […]

3-Role of the Property Manager-Are You a Property Manager

Length: 4 minutesComplexity: Standard

🔊 Listen to Lesson Now that the tenant has provided the balance of the funds that the lease requires has obtained the keys and has moved in, what is the role of the listing…Now that the tenant has provided the balance of the funds that the lease requires has obtained the keys and has moved […]

4-Role of the Property Manager Part 2-Are You a Property Manager

Length: 4 minutesComplexity: Standard

🔊 Listen to Lesson One of the questions that arise from time to time is how much money a broker can hold from the landlord to pay for vendors and other bills? The creation…One of the questions that arise from time to time is how much money a broker can hold from the landlord to […]

5-The Role of the Listing Agent-Are You a Property Manager

Length: 5 minutesComplexity: Standard

🔊 Listen to Lesson A licensee working as a residential resale agent will often make the transition to listing or renting residential property. Many vows that they will not do rentals, but with the…A licensee working as a residential resale agent will often make the transition to listing or renting residential property. Many vows that […]

6-Legal Hotline Q & A-Are You a Property Manager

Length: 4 minutesComplexity: Standard

🔊 Listen to Lesson All Information on this page is from the Arizona Association Of Realtors  Legal Hotline Click here    A Property Manager May Not Require a Tenant with Children to Pay for…All Information on this page is from the Arizona Association Of Realtors  Legal Hotline Click here    A Property Manager May Not […]

8-Management Right for You-Are You a Property Manager

Length: 5 minutesComplexity: Standard

🔊 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 […]

9-Leasing and Property Management-Are You a Property Manager

Length: 4 minutesComplexity: Standard

🔊 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 […]

10-Property Management Agreements-Are You a Property Manager

Length: 4 minutesComplexity: Standard

🔊 Listen to Lesson We already reviewed the call five weeks after the close of a lease transaction that the water heater was leaking. Let’s review some typical scenarios that occur after the listing…We already reviewed the call five weeks after the close of a lease transaction that the water heater was leaking. Let’s review […]

11-Concerning Property Management Agreements-Are You a Property Manager

Length: 4 minutesComplexity: Standard

🔊 Listen to Lesson Additional Issues Concerning Property Management Agreements Brokers may include other items in a property management agreement or in an addendum, including any of the following: Varying rates of compensation; specifically…Additional Issues Concerning Property Management Agreements Brokers may include other items in a property management agreement or in an addendum, including any […]

12-Legal Hotline Q & A-Are You a Property Manager

Length: 4 minutesComplexity: Standard

🔊 Listen to Lesson All Information on this page is from the Arizona Association Of Realtors  Legal Hotline Click here  Generally, Property Managers Should Return Funds Within 35 Days FACTS:                  A landlord and a…All Information on this page is from the Arizona Association Of Realtors  Legal Hotline Click here  Generally, Property Managers Should Return Funds […]

14-Eviction Process-Are You a Property Manager

Length: 4 minutesComplexity: Standard

🔊 Listen to Lesson The most common reason that a landlord/property manager will begin the eviction process is because the tenant did not pay the rent when due. The first thing that is done…The most common reason that a landlord/property manager will begin the eviction process is because the tenant did not pay the rent […]

15-Personal Property-Are You a Property Manager

Length: 4 minutesComplexity: Standard

🔊 Listen to Lesson In all likelihood, the former tenant will contact the landlord/property manager about retrieving their property. The landlord/property manager should deliver the inventory of the tenant’s personal property and the notice…In all likelihood, the former tenant will contact the landlord/property manager about retrieving their property. The landlord/property manager should deliver the inventory […]

16-Legal Hotline Q & A-Are You a Property Manager

Length: 5 minutesComplexity: Standard

🔊 Listen to Lesson All Information on this page is from the Arizona Association Of Realtors  Legal Hotline Click here  Property Manager Is Not Required To Hold Pre-Paid Rent FACTS: The brokerage represents the…All Information on this page is from the Arizona Association Of Realtors  Legal Hotline Click here  Property Manager Is Not Required To […]

18-Policy Manual-Are You a Property Manager

Length: 4 minutesComplexity: Standard

🔊 Listen to Lesson In a typical firm, the broker must decide if the company will allow licensees to conduct property management. This is a primary business decision that the broker must make and…In a typical firm, the broker must decide if the company will allow licensees to conduct property management. This is a primary […]

19-Criminal History-Are You a Property Manager

Length: 5 minutesComplexity: Standard

🔊 Listen to Lesson Rejecting Prospective Residents Based on Criminal History May Violate Fair Housing Laws Throughout the United States, individuals with criminal records, regardless of whether they pose little or no threat, face…Rejecting Prospective Residents Based on Criminal History May Violate Fair Housing Laws Throughout the United States, individuals with criminal records, regardless of […]

20-Eviction and Post-Eviction Myths-Are You a Property Manager

Length: 5 minutesComplexity: Standard

🔊 Listen to Lesson I can evict the tenant because I am the property manager and the Property Management Agreement  (PMA) says I am the legal agent for the owner. My tenant allowed his…I can evict the tenant because I am the property manager and the Property Management Agreement  (PMA) says I am the legal […]

21-The five-day notice-Are You a Property Manager

Length: 4 minutesComplexity: Standard

🔊 Listen to Lesson What do you do if the tenant tenders payment in full after you file the forcible detainer action, but before the trial? The law says that such action reinstates the…What do you do if the tenant tenders payment in full after you file the forcible detainer action, but before the trial? […]

22-Legal Hotline Q & A-Are You a Property Manager

Length: 5 minutesComplexity: Standard

🔊 Listen to Lesson All Information on this page is from the Arizona Association Of Realtors  Legal Hotline Click here    Tenant Liable for Any Damage to Rental Home until Tenant Returns Keys to…All Information on this page is from the Arizona Association Of Realtors  Legal Hotline Click here    Tenant Liable for Any Damage […]

24-Leasing-Eviction-Are You a Property Manager

Length: 5 minutesComplexity: Standard

🔊 Listen to Lesson Leasing and Property Management 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…Leasing and Property Management A lease is a valuable interest in real property. Single-family homes, apartments, and mobile homes are leased as […]

25-Prepossession and Post Possession Risks-Are You a Property Manager

Length: 5 minutesComplexity: Standard

🔊 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 […]

26-Lock-boxes on Rental Properties: Are You a Property Manager

Length: 4 minutesComplexity: Standard

🔊 Listen to Lesson In considering whether lockboxes are permitted to be placed on rental properties in Arizona, the following two statutes must be considered: A.R.S. § 33-1315(A)(1) – A rental agreement shall not provide…In considering whether lockboxes are permitted to be placed on rental properties in Arizona, the following two statutes must be considered: A.R.S. […]

27-Legal Hotline Q & A-Are You a Property Manager

Length: 5 minutesComplexity: Standard

🔊 Listen to Lesson All Information on this page is from the Arizona Association Of Realtors  Legal Hotline Click here    A Residential Tenant Must Allow The Home To Be Shown On A Reasonable…All Information on this page is from the Arizona Association Of Realtors  Legal Hotline Click here    A Residential Tenant Must Allow […]

29-Property Management Trust Accounts-Are You a Property Manager

Length: 5 minutesComplexity: Standard

🔊 Listen to Lesson As previously noted in this course, the recent shift of the real estate market to rentals has more brokerages and licensees handling rentals and property management. With so many homeowners…As previously noted in this course, the recent shift of the real estate market to rentals has more brokerages and licensees handling […]

30-Trust Account Rules-Are You a Property Manager

Length: 4 minutesComplexity: Standard

🔊 Listen to Lesson Some of the rules a broker must follow when establishing and operating a trust account are in ARS 32-2151. Other key points of this statute: A broker’s trust account is the only…Some of the rules a broker must follow when establishing and operating a trust account are in ARS 32-2151. Other key points of this […]

31-Deposit in the broker’s trust account-Are You a Property Manager

Length: 4 minutesComplexity: Standard

🔊 Listen to Lesson A trust account becomes necessary if the broker is going to hold client money for any reason. While sales transactions typically include a title company that will hold funds, there…A trust account becomes necessary if the broker is going to hold client money for any reason. While sales transactions typically include […]

32-Legal Hotline Q & A-Are You a Property Manager

Length: 5 minutesComplexity: Standard

🔊 Listen to Lesson All Information on this page is from the Arizona Association Of Realtors  Legal Hotline Click here    “Agreement to Agree” on Rental Rate is Unenforceable ISSUE: Under the three-year written…All Information on this page is from the Arizona Association Of Realtors  Legal Hotline Click here    “Agreement to Agree” on Rental […]

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