Owning and Managing Vacation Rental Property

Owning and Managing Vacation Rental Property

STATE:
CREDIT HRS:
COURSE TYPE:

Course Credit Hrs.
Owning and Managing Vacation Rental Property 3.00
Help your clients purchase, finance, rent, and manage vacation rental properties.
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Description
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  • This course will give you information to help your clients purchase, finance, rent, and manage vacation rental properties. You will learn how to both rent and manage vacation properties, and to counsel your clients with procedures and suggestions within the course. You will be able to help your clients analyze and acquire vacation property, while maximizing financial benefits.

    3 Elective Hours

  • This course will give licenses information to help their clients purchase, finance, rent, and manage vacation rental properties. They will learn how to both rent and manage vacation properties, and to counsel their clients with procedures and suggestions within the course. Licensees will understand how to help their clients analyze and acquire vacation property, while maximizing financial benefits.

    Section 1: Property Location is Still Priority #1        
    Chapter 1: Introduction    
    Chapter 2: How to Analyze a Location    
    Chapter 3: Amenities Make a Difference    
    Chapter 4: The Differing Factors of Different Property Types    
            
    Section 2: The Economics of Owning Vacation Rental Property        
    Chapter 1: Rental Income and Expense Analysis
    Chapter 2: Benefits Beyond Cash Flow
    Chapter 3: The Obligation and Benefits of Rental Taxes    
    Chapter 4: Case Study and Exercise
            
    Section 3: Managing and Renting Property as an Absentee Owner        
    Chapter 1: Options for Managing and Renting Vacation Property    
    Chapter 2: Housekeeping Choices
    Chapter 3: Managing Wear and Tear, and Repairs
    Chapter 4: Levels of Renovating, Redecorating and Refurnishing
    Chapter 5: Choosing a Rental Agent, or Renting it Yourself    
            
    Section 4: Managing Vacation Property Renters        
    Chapter 1: How to Screen Renters
    Chapter 2: Applications, Agreements and Payment Schedules
    Chapter 3: Preventing and Solving Problems    
    Chapter 4: Final Thoughts

  • Instructor: Jim Luger

    Jim Luger has been a real estate broker and instructor for over 35 years, and has taught thousands of real estate agents and brokers in classrooms and online. He is a member of the Real Estate Educators Association (REEA), and is certified as an online instructor by the International Distance Education Certification Center (IDECC).

    Jim opened a real estate brokerage in 1976, later adding a title insurance agency, and mortgage brokerage. He has also owned a property management company, and has held an insurance license. He has been a certified trainer for an international real estate franchisor, and has appeared on national television and radio programs as a real estate expert.

    You can contact Jim at Jim@ContinuingEdExpress.com.

Requirements


According to North Dakota License Law, Chapter 70-02-04-14, “The commission will allow a maximum of eight hours of accreditation per day.”

According to North Dakota License Law, Chapter 70-02-04-22, you must complete a “distance education course within one year of the date of enrollment.”

Visit the North Dakota Real Estate Commission website for more information about continuing education requirements.

 

 

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