2021 Mandatory – Basics of Investment Property and Property Management

$20.00

4 credit hours class.

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.

The class slides are provided here free of charge for your benefit.
Louisiana 2021 Mandatory Slides

__________________________________________________________________

Upcoming classes:

Wednesday, November 17, 2021 | 9:30am-1:30pm | Class location: 
C21 Richard Berry & Associates, 2330 Lapalco Blvd, Suite 5, Harvey, LA 70058 

__________________________________________________________________

Click Here to Pay at the Door.

Choose a date and time on the below calendar and click Book Now to Pay Online.


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

  1. To learn about investment properties and commercial real estate
  2. To learn critical elements regarding the role of a property manager as well as related laws
  3. 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.