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CLARION UNIVERSITY OF PENNSYLVANIA

COLLEGE OF BUSINESS ADMINISTRATION

DEPARTMENT OF FINANCE

COURSE TITLE:   RE 475:  REAL ESTATE MANAGEMENT

TIME:                                      MW 12:30-1:45, 201 Still Hall

SEMESTER:                            Fall 2001

INSTRUCTOR:                      Dr. Jerry Belloit 

EMAIL:                                   belloit@clarion.edu

OFFICES:                               218 Still Hall (Clarion Campus)
                                                 234 Montgomery Hall (Venango Campus)

OFFICE HOURS:                  Usually 8:00-10:00 MW  (Clarion Campus);
                                                 1:00-2:00 at the Venango Campus and by
                                                 appointment. (Please call ahead if possible.)

TELEPHONE:                        393-2208 (Clarion Campus)
                                                 676-6591 Ext. 1281 (Venango Campus)

TEXTBOOK:  Property Management, Robert Kyle and Frank Baird, 6th ed.

CALCULATOR: A financial calculator is also required for this course. The Hewlett-Packard 10B is strongly recommended. There is a web site for using the HP10B. (Students should avoid a TI BAII or Radio Shack equivalent.) Students not choosing the HP10B will be responsible for knowing the operation of their calculator.

GRADING SYSTEM:

  1. Grading will be on a ten point scale:
Midterm exams 1584

2700 + = A

Final exam 

1056

2400-2699 = B

Projects

450

2100-2399 = C

Homework

  150 

1800-2099 = D

Total Points

3240

Below 1800 = F

  1. All exams will be cumulative. No make up-exams will be given. For all exams you will be permitted to use one 8.5 X 11 paper with any notations that you wish such as class notes, prayers, inspirational messages, etc. Any personal schedule conflicts with the exams must be identified and reported to me by Sept. 8 to see if there might be a way to resolve the conflict. Final Grade will be assigned according to the total number of points earned.

  2. Please read the assigned chapter (except for day 1) before coming to class.  My lectures will assume you have read the material, and are familiar at least with terminology; this will eliminate obvious questions that are answered in the book, and allow us to learn the concepts.  Read the book first.

  3. Project Assignments as listed on the course schedule. You should complete these projects before coming to class on the assigned day.  No projects can be made up or handed in late.  If you must miss a class and wish to hand in your project, you must notify me before class.

  4. Academic dishonesty will not be tolerated in this class. Cheating on examinations, inappropriate collaboration on projects, and other forms of dishonesty will be dealt with in a serious and formal manner. The minimum penalty for academic dishonesty in this class will be course failure.

  5. Class attendance is mandatory and strongly recommended. Missing class unnecessarily will result in one or more letter reductions on your final grade. In addition, if you are taking this course for pre-licensing education, missing class may prevent you from getting credit.
  6. In addition to the class website at http://link2learn.clarion.edu, all homework and exams will be submitted on the http://online.clarion.edu site.  If you do not already have an account on the http://online.clarion.edu site, go to the site and create one by clicking on the "create and account" tab.  After you have an account, you will then need to "enroll" in the Property Management course.  You do this by clicking on the "courses" tab, finding the course, and clicking on the enroll button to the right of the course name.

COURSE LEARNING OBJECTIVES:

  1. The student will be able to write a detailed operations manual for a property to be professionally managed.
  2. The student will be able to identify the appropriate components of a competitive market survey.
  3. The student will be able to create and write a marketing plan for a property to be professionally managed.
  4. The student will be able to create and write a management plan for a property to be professionally managed.
  5. The student will be able to create and write a maintenance plan for a property to be professionally managed
  6. The student will be able to indicate special considerations for the professional management of various property types.

COURSE DESCRIPTION:

This course is designed to provide instruction in the management of real property. The course will examine the maintenance, operation, and marketing of real estate.

CLASSROOM SESSIONS SCHEDULING:

Mon.

Day

Topic

Chapter

Aug

27

Introduction/ Professional Property Management

1

 

29

Professional Property Management (Continued)

 
Sep

3

No Class—Labor Day Holiday

 
 

5

Property Management Economics and Planning

2

 

10

Property Management Economics and Planning (Continued)

 
 

12

Managing Owner Relations

3

 

17

Marketing Management

4

 

19

Marketing Management (Continued)

 
 

24

Managing Leases

5

 

26

EXAM 1

 

Oct

1

Managing Lease Negotiations

6

 

3

Managing Lease Negotiations (Continued)

 

 

8

Managing Tenant Relations

7

 

10

Managing Tenant Relations (Continued)

 

 

15

Managing Maintenance

8

 

17

Managing Maintenance (Continued)

 

 

22

Managing Reports and Insurance

9

 

24

Managing the Office

10

 

29

Managing State and Federal Laws

11

 

31

EXAM 2

 

Nov

5

Managing Residential Property

12

 

7

Managing Specialized Housing

13

 

12

Managing Office Property

14

 

14

Managing Retail Property

15

 

19

Managing Industrial Property

16

 

21

No Class—Thanksgiving Holiday

 

26

EXAM 3

28

Managing Life Safety & Environmental Issues/ Project Presentations

17

Dec

3

Project Presentations (Continued)

 

 

5

Project Presentations (Continued)

 
   

Final Exam Schedule is to be announced.

 

Projects:

  1. Develop a marketing plan for a specified project.
  2. Develop a management plan for a specified project.
  3. Develop a policy and procedures manual for a specified project.