Real Estate
Foundation

Fundamentals of Property Management

2–5 daysENclassroom · virtual

Course overview

This foundation course introduces participants to the core principles and practices of property management for residential and commercial assets. Participants will learn lease administration, tenant relations, rent collection, and operational management fundamentals. The program provides essential knowledge for professionals entering property management roles or those seeking to understand how properties are managed effectively. Through practical examples and operational scenarios, participants will build foundational property management capabilities.

Target audience

This course is designed for professionals new to property management or those seeking to formalize their foundational knowledge. It is suitable for: • Junior property managers and coordinators • Real estate professionals transitioning to management roles • Asset managers requiring operational knowledge • Building supervisors and facilities staff

Course objectives

  • Administer lease agreements and enforce terms effectively
  • Build positive tenant relationships and handle communications
  • Implement rent collection procedures and manage arrears
  • Oversee building operations and maintenance activities
  • Manage vendor relationships and service contracts

Target competencies

Lease Administration
Tenant Relations
Rent Collection
Building Operations
Vendor Management

Course methodology

This course combines interactive lectures, operational case studies, role-play exercises, and practical workshops.

Course outline

LEASE ADMINISTRATION

  • Lease Documentation

    • Lease agreement components
    • Term and renewal provisions
    • Rights and obligations
  • Lease Enforcement

    • Compliance monitoring
    • Breach and remedy procedures

TENANT RELATIONS

  • Communication Management

    • Tenant onboarding processes
    • Complaint handling procedures
    • Regular engagement practices
  • Retention Strategies

    • Tenant satisfaction measurement
    • Renewal negotiation approaches

RENT COLLECTION

  • Collection Procedures

    • Billing and invoicing processes
    • Payment tracking systems
  • Arrears Management

    • Early intervention strategies
    • Escalation procedures
    • Legal remedies overview

BUILDING OPERATIONS

  • Maintenance Management

    • Preventive maintenance programs
    • Reactive maintenance handling
    • Work order systems
  • Building Systems

    • MEP systems overview
    • Safety and security protocols

VENDOR MANAGEMENT

  • Procurement

    • Vendor selection criteria
    • Contract negotiation basics
  • Performance Oversight

    • Service level monitoring
    • Quality assurance processes
    • Relationship management

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