Hello are there in courses out there that explain owning operating apartment complex?

In Property Management - Asked by Stanley P. - May 10, 2014
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Answer(s)

Michael G.
Owner/Investor
Lewisburg, PA

Yes, we own and operate apartment buildings and mobile home parks and we took our education through RichDad education and some of Dave Lindall's education boot camps. Both were very good and this education took us from 0 unit five and half years ago to now operating over 250 units today. Could not have done what we did without that education. It costs money to get the education but, just like college, it gives you the tools to get it done. But then it is up to you to go out there and use the tools they gave you. So many people bash and call these educators SCAMS but my experience is that peopleforget that they are giving you the tools to do the job but are not going to build a business for you just like college does not get a job for you but gives you the tools and then it is up to you!

May 10, 2014
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Albert E. P.
Broker/Agent
Palm Coast, FL

There is a motley myriad of courses respective of this displine. The Urban Land Institute ( ULI ) has books explaining the process.
albert poledri

May 10, 2014
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DB C.
Property/Asset Manager
San Jose, CA

California Apartment Association website: CAAnet.org has great information and may help you. Also there are many Property Management sites on line.

May 12, 2014
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Karen C.
Broker/Agent
Cape Vincent, NY

You can check with your local Dept of State to find out which courses may add to your credits for continuing education.

May 16, 2014
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Brian S.
Las Vegas, NV

The first thing you have to look at is what the size of your operation is. For example, laws can vary depending on the number of units in your building or if you live in one of the units. You have to consider Federal, State and local laws, local standards of practice and learning what the competing buildings around yours are doing. It can seem overwhelming when you first start.
My suggestion would be to find a local real estate investment club or apartment association and see if you can get involved or if they have classes. This will be the best resource for getting leases that conform to your area and learn how to deal with evictions and problems. As previously mentioned, there are some great books and courses in the “Rich Dad” series that will give you a good general overview.
Last and most important is find a GOOD real estate attorney who deals with residential evictions regularly. Have them review your contracts and keep their number handy just in case. If you have a tenant damaging your property it isn't the time to learn how to run an eviction through the system. You can save a lot in repairs, lost rent and mental anguish if you have to get someone out quickly.

May 30, 2014
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Chris R.
Broker/Agent
Denton, TX

Check with real estate schools that offer training for those who are seeking to become licensed. They likely will have a course that would include property management. You need not be on a course program to get licensed to take the course. Additionally, the Institute of Real Estate Management (www.IREM.org) is an organization dedicated to training courses for those involved in property management - all types - multifamily, etc.

Aug 16, 2014
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