A Matter of Place | Nevada Real Estate Academy

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Nevada Property Management Essentials Course

Orientation

Course Description
Goal
Objectives
Special Considerations
Instructor Information
Housekeeping & Refund Policy
Acknowledgement

Module 1: Nevada Laws Relating to Property Managers

Property Management Permit Requirements
Who Must Have a Permit?
Regulation of Property Managers - Part 1
Regulation of Property Managers - Part 2
Renewal and Continuing Education
Authority and Responsibilities of Property Managers - Part 1
Authority and Responsibilities of Property Managers - Part 2
Completing the Property Management Permit Application
Designated Property Managers
Termination of Designated Property Managers
Property Management Happens!
Module 1 Quiz

Module 2: Management Contracts, Tenant Applications & Leases

Property Management Agreements (PMA)
Exercise: Prepare a PMA
Tenant Screening Overview
Tenant Screening Basics
Fair Credit Reporting Act (FCRA)
Fair Debt Collection Practices Act (FDCPA)
Equal Credit Opportunity Act (ECOA)
Exercise: Prepare a Lease Agreement
Module 2 Quiz

Module 3: Disclose, Disclose, Disclose!

Introduction
Agency Relationships
Agency Relationship Examples
Duties Owed & Sourced
Termination of Tenancy
Fiduciary Duties
Absolute Fidelity
Duty of Honesty
Reasonable Skill and Care
Duty to Investigate - Should Have Known
General Disclosure Information
What Must Be Disclosed
In Review
Environmental Factors & Disclosures
Lead Based Paint
Mold
EPA Mold Video
Formaldehyde
Asbestos
Video: Don't Mess with Asbestos
Radon
Meth Labs
OSHA Nevada
Module 3 Quiz

Module 4: Common Interest Community Topics

Overview
Introducing the Office of the Ombudsman
HOA Meetings and Voting
Responsibilities of the Community Manager
Rights of the Unit Owners
Tenants in a CIC
Sale of a Unit in a CIC
2019 Legislative Update
Module 4 Quiz

Module 5: Nevada Residential Landlord-Tenant Act

NRS 118A
NRS 40 Selections
Module 5 Quiz

Module 6: Fair Housing for Property Managers

Fair Housing Introduction
Overview of the Fair Housing Act
Equal Opportunity for All
Fair Housing Compliance Monitoring for PMs
NAR 2018 Fair Housing Video
A Matter of Place
ADA Basics
Assistance Animals in Housing
Module 6 Quiz

Module 7: Trust Account Management for PMs

Trust Accounting & Record Keeping
Accounting: The Balance Sheet
Accounting: The Income Statement
Accounting: Cash Flow Statements
Module 7 Quiz

Module 8: Elements of Commercial Property Management

Modified Gross vs Triple Net Lease
Net Operating Income
Calculating Commercial Rent
What is an Expense Stop?
Rentable vs Usable Square Footage
Tenant Improvements
Notice of Non-Responsibility
Abstracting Leases
Commercial Valuations
ADA - Title III - Public Accommodations
Module 8 Quiz

Module 9: Risk Management Topics

Risk Management Overview
Habitability and Maintenance
Insurance Issues
Notes on the PMA and Lease Agreement
The Accounting System
Hiring and Working with Contractors
Future Impact on Property Management due to COVID-19
Module 9 Quiz

Module 10: The Role of the Broker

Who Me?
Top 10 Pitfalls in Property Management
Personally Oversee the Trust Accounting
Pros and Cons of Starting a Property Management Company
Module 10 Quiz

Wrapping Up and Exam

Instructions
Course Exam
Course Completion

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