Property Management

Outcomes

Gainful Employment Reports

 

Property Management— A.A.S. Degree

Pending MnSCU approval

Course# Course Title Credits

This course is an introduction to the exciting world of real estate that meets the requirements of 30 hours for pre-licensing education. Topics covered will include real estate and the law, the concepts of home ownership, the laws of agency and the brokerage business, forms of ownership, legal descriptions, and taxes.

Prerequisites: None. Offered: Fall, Spring, Summer

Credit Breakout: 2.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class.

Introduction to Property Management 1

This course is an introduction to the profession of property management. The fundamental techniques used for preserving and increasing the value and integrity of investment real estate will be covered. Special emphasis will be placed on determining and developing strategies to meet the owners' goals and objectives

Prerequisites: None. Offered: Fall

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class.

Managing Residential Property 1

This course covers all the basics of managing residential income property. The student will identify the various types of properties, compare the pros and cons of each, and develop good check lists for developing a very complete system for managing property.

Prerequisites: None. Offered: Fall

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is critical in this class.

Life and Safety Issues 1

This course covers issues necessary to protect the health, safety, and well being of occupants and property management employees of real estate investment properties. Topics covered are preventive maintenance inspections, proper disclosures, and procedures to follow when mishaps occur.

Prerequisites: None. Offered: Fall

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is critical in this class.

Maintenance Management 1

This course covers the reasons for and the techniques of how to properly develop and manage a maintenance program that will protect the value of the asset being managed. We discuss the roles of property managers, resident managers, maintenance staff and outside service providers. Also discussed are methods of identifying risks and deciding which options might be available to deal with that risk.

Prerequisites:

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Each student will spend at least 3 hours per week reading and preparing for class. Attendance is required for a real estate completion certificate. Students are encouraged to participate in assigned activities.

Managing Commercial/Industrial Properties 1

This course covers the management and marketing of office buildings, industrial properties, and retail facilities. The student will compare the similarities and differences between these types of properties and residential investment properties.

Prerequisites: None. Offered: Fall

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is critical in this class.

Risk Management 1

This course covers the reasons for and the techniques of how to properly develop and manage the various types of risk associated with managing residential property. We discuss the roles of property managers, resident managers, maintenance staff and outside service providers. Also discussed are methods of identifying risks and deciding which options might be available to deal with that risks.

Prerequisites:

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Each student will spend at least 3 hours per week reading and preparing for class. Attendance is required for a real estate completion certificate. Students are encouraged to participate in assigned activities.

Leases and Tenant Relations 1

This course covers rental contracts beginning with the legal definitions of the various forms of leasehold estates and the rights and obligations the landlords and the tenants each have. The students will learn what steps to take to determine the qualifications of a prospective tenant and how to negotiate and create an acceptable residential lease agreement.

Prerequisites:

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Students are required to read and study chapters five, six and seven, attend and participate in classroom assignments and discussions. The student's grade will be determined by attendance, participation and test results.

Income Capitalization Analysis 1

This course compares the various methods of estimating the market value of income-producing properties. It includes the pros and cons of gross rent multipliers, cap rates, cash on cash returns on investment, and analysis of the impact financing may have on the value of a property to a particular investor.

Prerequisites: None. Offered: Spring

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class.

MN Landlord/Tenant Law 1

This covers the rights and obligations that landlords and the tenants have.

Prerequisites:

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Students are required to read and study handout material, attend and participate in classroom assignments and discussions. The student's grade will be determined by attendance, participation and test results.

Community Association Management 1

This course covers one of the fastest-growing areas of real estate and property management, community association management. Recent statistics indicate that 50% of new residential properties being constructed are in some way a part of an owner's association. This course is a real hands-on, practical course on what you need as a homeowner involved in an association, or a real estate salesperson involved in buying or selling townhomes or condominiums, or a property management professional.

Prerequisites: None. Offered: Spring

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Each student will spend at least 3 hours per week preparing for class. Attendance is required in this class.

Subsidized Housing 1

This course covers Section 8 and other forms of subsidized housing.

Prerequisites: Handouts will be provided

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Students are required to read and study the handout material, participate in classroom assignments and discussions. The student's grade will be determined by attendance, participation and test results.

Income Property Marketing 1

This course covers all phases of income property marketing from defining goals and objectives to evaluating the results of that plan. Emphasis will be given to the importance of paying attention to the details of a good marketing plan, and the power of feedback and adjustments.

Prerequisites: None. Offered: Fall

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Each student will spend at least 3 hours per week preparing for class. Attendance is critical in this class.

Cash Flow Analysis 1

This course covers one of the most powerful tools a real estate investor/appraiser can use. The student will learn how to estimate future performance of income-producing property, and how to evaluate those future cash flows by using present day values. The course will cover capital gains, and the king of all tax shelters, the 1031 tax deferred exchange.

Prerequisites: None. Offered: Spring

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class.

Planning and Operating a Small Business 1

This course is an introduction to the designing, developing, and operating of a small business and/or an independent contractor practice. This is a must course for individuals beginning their careers in Real Estate, Appraisal, Financing, Insurance or Property Management. We start with how to develop a business plan, implement that plan, and conclude with how to make adjustments to keep up to changes in the business environment.

Prerequisites: None. Offered: Fall, Spring

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Each student will spend at least 2 hours per week preparing for class. Attendance is critical in this class.

Marketing Strategies for Small Business 1

This course covers one of the most important areas of operating a small business or independent contractor practices. The student will learn how to maximize results from a minimal amount of dollars by using proven marketing strategies. A must course for those entering the field of Real Estate, Property Management, Appraisal, Financing or Insurance.

Prerequisites: None.

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Each student will spend at least 2 hours per week preparing for class. Attendance is critical in this class.

Negotiating for Agreement 1

This course covers the importance of developing negotiating skills and the basic techniques used in negotiating. We will look at everyday situations and discuss how these strategies can help us in the business world and in some personal situations.

Prerequisites: None. Offered: Spring

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Each student will spend at least 2 hours per week preparing for class. Attendance and participation are critical in this class.

SMGT1000 Principles of Supervision 3

Ease the transition to supervisor or bring yourself up to date with today's supervisory/management practices. Study the role and responsibilities of supervisors including planning, organization, staffing, directing and controlling. Develop new skills in communication, correcting or rewarding performance and overall management of resources.

Prerequisites: None. Offered: Fall, Summer

Credit Breakout: 3.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Participate in classroom activities; Complete work on time; Communicate effectively

SMGT1022 Leadership 3

Learn concepts to become an effective leader in today's global business environment. Determine your leadership style and the implications of that style on workgroup performance. Incorporate ethics, corporate mission, vision and culture into a powerful leadership strategy. Enhance your ability to motivate and positively influence others in a increasingly diverse workforce.

Prerequisites: None. Offered: Fall, Summer

Credit Breakout: 3.00 lecture, 0.00 lab, 0.00 other.

SMGT1028 Management Effectiveness 3

Learn practical tools to manage time and stress. Develop habits to increase personal productivity and create an individual time management plan. Set priorities, delegate and reduce time wastes and stressors. Explore strategies to improve time utilization in workgroups.

Prerequisites: None. Offered: Fall, Summer

Credit Breakout: 3.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Participants are expected to attend classes as scheduled, complete assignments on time and participate in classroom activities. Participants will be asked to respond to various opinion surveys.

SMGT1601 Financial Management 2

This course provides the non-financial manager/supervisor an understanding of business accounting terms, basic accounting cycles, budgeting, cost control, income statements, cash flow analysis and other financial statements. Develop and apply skills in basic accounting principles and concepts to make sound business financial decisions.

Prerequisites: None. Offered: Varies

Credit Breakout: 2.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Each participant is expected to attend classes as scheduled, participate in classroom activities, and complete assignments on time. See the course syllabus for additional information.

SMGT1776 Organizational Behavior 3

Review, discuss, and analyze what makes an organization of any size and purpose, successful. Examine the ways that systems and values help to make up the dynamics of an organization's culture. Discuss the ways individuals work inside an organization and ways they influence those around them. Consider in detail what this all means in the context of today's call for constant change.

Prerequisites: None. Offered: Varies

Credit Breakout: 3.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Participant is expected to attend classes as scheduled, participate in classroom activities, and complete assignments on time.

SMGT1250 Managing Customer Service 1

Identify how supervisors can plan for and support excellent customer service through developing a service strategy. Examine the impact of employee training and decision making authority on customer service. Analyze models of service for internal and external customers. Learn tools and techniques for gathering feedback and handling complaints. Consider the relationship between customer service and quality.

Prerequisites: None. Offered: Spring

Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: You will be expected to come to class prepared, participate in class discussions and share personal and professional experiences. You are expected to work collaboratively with classmates and complete all class exercise, individual projects and small

SMGT1242 Effective Business Communications 3

Learn and practice skills to communicate your message directly and effectively to generate the desired results, whether in a meeting, presentation or written media. Integrate multi-media to support your ideas. Assess your audience prior to communicating to maximize effectiveness. Facilitate group participation including handling disruptive behavior. Learn and apply skills in any situation to achieve win-win negotiations.

Prerequisites: None. Offered: Fall, Spring

Credit Breakout: 3.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Each participant is expected to attend classes as scheduled, participate in classroom activities, and complete assignments on time.

SMGT2105 Managing Diversity 3

Identify what it takes to become a diversity leader in your organization and community. Learn the complexities of managing in today's diverse workforce. Explore the evolution of diversity from the past, present and future perspectives. Assess personal, group and organizational viewpoints toward diversity and diversity initiatives. Examine the legal aspects related to discrimination, affirmative action, bias and stereotyping in human resource activities. Implore effective communication methods to build relationships and understanding. Utilize the differences, similarities and tensions of individuals and groups into a collaborative and competitive advantage for your organization. Eliminate barriers affecting equal access and propfessional growth and mobility.

Prerequisites: None.

Credit Breakout: 3.00 lecture, 0.00 lab, 0.00 other.

Student Expectations: Be on time for class and returning from break; communicate effectively; participate in all class activities and projects; complete all outside class assignments on time; participate online; turn off cell phones and pagers; respectfully challenge each others views

  Technical Electives * 7
  General Education ** 20
  Total Credits 64
Total Program Requirements 64

* Technical electives may be selected from the following subject areas: PMGT, ENTR, MKTC, ISTC, SMGT, LAHT, ACCT or up to 9 credits of internship.

** See General Education A.A. S. degree requirements.