Description
About the Instructor
Deryle Bourgeois is a licensed notary public in the state of Louisiana and has closed more than 20,000 sales in and around the New Orleans area. A recognized expert in the field of Louisiana real estate law and practice, Mr. Bourgeois is regularly consulted by legal and lay persons alike for his knowledge and experience.
Course Outline
Property type markets
– Single family dwelling
– Duplex or four plex
– Office buildings
Determining Values of Investment Properties:
– Overview of replacement cost method, sales comparison method, income capitalization method, gross rent multiplier, and annual property operating data (APOD)
– Issues to consider if you only use Cap Rate to determine value
Resources for Decision-Making
– Purchase agreements
– Disclosures
– Inspections
– Licenses needed by clients
Data for Decision-Making
– How to finance an investment property
Disposition of investment property
Property Management Overview:
– Overview
– Roles and Responsibilities
– Management Agreement and Management Company
Property Management Best Practices:
– Overview of Louisiana law
– Broker supervision
– Lease agreement
– Trust accounts
– Security deposits
– Eviction proceedings and Notice to Tenants
– Federal Laws
– Fair Housing Act (emotional support animals, service animals)
– Equal Credit Opportunity Act
– Sherman Antitrust Act
– Americans with Disabilities Act
– Lead Based Paint Hazard Reduction Act
– Uniform Residential Landlord and Tenant Act
– Marketing and leasing
– Conflict resolution
– Maintenance and repairs
– Accounting and taxes
Case Studies
– Case Study (Apply property management best practices to real-world case study scenario)
Louisiana Real Estate Commission Update
– Legislative Update
– LREC Website & Portal Functionality
– Available Online Digital Forms & Applications
Course Description
This course is intended to satisfy the Louisiana Real Estate Commission (LREC) 2021 Mandatory Course Topic “Basics of Investment Property & Property Management” continuing education requirement for Louisiana licensees. In this course, attendees will learn about investment properties and commercial real estate, critical elements regarding the role of a property manager as well as related laws, and finally will receive essential updates from the LREC pertinent to licensees in Louisiana.
Course Objectives
- To learn about investment properties and commercial real estate
- To learn critical elements regarding the role of a property manager as well as related laws
- To receive essential updates from the LREC pertinent to licensees in Louisiana
Course Materials
All materials needed for this course are included in this manual. Links to additional materials are included in the Sources section at the end of this manual.
Course Requirements
If this course if given in a live format, then you must be present for the full four hours of the course to receive credit for attending.
Vendor or School Policies
Pre-requisites
There are no educational pre-requisites for this course.
Registration
Registration for this course may be completed by phone, fax or email. Payment is due on or before the start of class. Any attempt to take this course under an assumed identity will forfeit your right to a certificate of completion and may result in sanctions by the Louisiana State Real Estate Commission.
Attendance
You must be present for the entire four-hour session to receive credit for attendance. Partial credit is not given for partial attendance.
Course Participation
Instructors may not, in any venue, answer questions of a personal or legal nature, and students should not interpret any information received from instructors or course content as being legal advice.
Cell Phones
Please turn off all cell phones prior to the start of class.
Course Completion
You must be present for the full four hours of the course to receive credit for attending. You must submit your Louisiana State real estate license number so that we can report your hours to the Louisiana Real Estate Commission.
