Management of rental properties

There are numerous problems facing prospective and present property owners and lessors that need to be addressed immediately such as high vacancy, defaulting and problematic tenants, increasing cost of repair and maintenance, increasing property taxes and harsh zoning ordinances.

While these situations provide good business opportunities to other real estate investors who have management skills and know-how to overcome such problems, present owners and lessors should also aim to gain more skills and knowledge to avoid unwarranted sale and liquidation of their properties.

For present and would be owners of rental properties, Urban Institute will conduct a seminar on “How to Manage and Maximize Income of Rental Properties” on Jan. 30, 1:30 to 6 p.m. at the Maximo Function Room, 2nd Floor, Max’s Restaurant, near exit of Glorietta 2, Ayala Center, Makati City.

The seminar will cover the following topics: reasons for property management; the property management functions, objectives, organization and designations; important and must-include provisions in the lease contract; advertising; correct tenant selection; how to retain good tenants; how to solve common problems with tenants; rent escalation clauses; collection techniques; property maintenance; how to avoid unnecessary repair expenses; insurance; budgeting and recording; hiring professional property managers; management contracts; and other related subjects.

The other topics, which may be attended separately and are all stand alone are as follows: Jan. 21 — Investing in Real Estate: Opportunities, Techniques & What are Needed to Learn before Investing; Jan. 23 — Property Development and HLURB Rules; Jan. 28 — Joint Ventures and Syndications for Real Estate Projects; Feb. 4 — Making Big Money in Distressed Properties; and Feb. 6 — How to Start and Manage A Successful Real Estate Brokerage Company.

For other details or advance registration, Urban Institute may be reached at 681-0928, or CP# 0916-426-9174/0921-683-9431/0923-309-2142 or by email at [email protected] or [email protected]