Revised in 2018, risk is an inherent aspect of residential property management, yet the managing of risk is quite often overlooked. Prudent property managers are well aware of and prepared for the potentials of risk across all aspects of the business. This course will familiarize residential property managers with the risks (and their sources) that are involved in managing properties. Participants will learn the proper approaches to risk and ways of handling and safely minimizing risk.
The course is designed for the owner, leader, or executive of the property management company. There are discussions pertaining to managing risk, understanding laws that affect the real estate manager, items of importance that should be in a policy and procedures manual, how one can structure their business in order to negate some liability, and preparing for a legal situation when necessary.