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Creating & Operating a Highly Profitable Property Management Operation
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Creating & Operating a Highly Profitable Property Management Operation

9/28/2011
When: September 28, 2011
1:00 PM to 5:00 PM
Where: Orlando Regional REALTOR® Association
1330 Lee Road
Orlando, FL  32810
United States
Contact: Professional Development Department

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Starting your own property management business? Already operating one but not sure what you're doing wrong?

Starting or operating a profitable property management company is no easy task. Unlike real estate sales, income from property management services follows the law of small numbers and lots of transactions. It's also a detailed business, full of emergencies, usually others, which become yours. This program will help you understand:

  • The legal entity: Should you become an LLC, Sub S, C Corporation or other?
  • Proper insurance: Liability, "named as additional insured", E&O
  • Determining market demand for what "they" need and what you're capable of offering
  • Paperwork: What forms to use, where to get them from, how to store them
  • How to attract clients and what kind of clients do you want
  • Differentiating yourself from the property management "pack"
  • How to determine your fees and generate additional income besides management fees
  • Contracting with outside vendors Bulk service overrides
  • Collection practices and proper accounting/security procedures Leasing services, in house and for property management clients
  • Lease renewals and additional income sources Internet statements and banking or conventional mail?
  • Hiring staff as you grow. Remember there are no home run "closings" in property management, your steady income is all you have to work with
  • Increasing your business thru your existing business
  • Creating tenant loyalty programs to insure renewals
  • Does it make sense to obtain your CAM license and expand into Association management?
  • The Landlord/Tenant Act and its impact on your business


INSTRUCTOR
Cynthia DeLuca
ABR,ASR, CSR, GRI

Ms. DeLuca is an instructor for many continuing education and GRI courses. She has also written several courses for the Florida REALTORS® and two GRI courses for the Nevada Association of REALTORS®. Ms. DeLuca was awarded the 2008 REALTOR® of the Year for the West Volusia Association of REALTORS®. She has been featured in both Florida Realtor® magazine and REALTOR® Magazine.


CE CREDITS 
4 CE credits

 

FEES
ORRA Members: $40
Non ORRA Members: $55
On-site: Registration Fee + $15
Download the Brochure
Phone: 407.513.7268
Fax: 407.513.9120



 ATTENDANCE POLICY

In order to receive "CE" credits for any continuing education class(es), attendees must:
  • Be physically present for the entire program from beginning to end;
  • Sign any/all morning or afternoon attendance sheets; and
  • Refrain from using cell phones and laptops, except during designated break times.

Registration fees shown are for ORRA members who pre-register. Registration for non-ORRA members (members of other associations) is an additional fee of $15 (unless otherwise noted). On-site registrations will incur a fee of $15 in addition to the applicable registration fee.

ORRA Partners
ORRA would like to thank our Partners for their continuing support.
View the full list of ORRA Partners.