Description

Hiring a property management company can be a valuable tool for rental property owners — but only if you clearly understand what you’re agreeing to, what services are included, and where your authority begins and ends.

This class provides a practical overview of a standard Property Management Agreement, walking owners through key terms, conditions, and common provisions found in management contracts. Using real-world examples and common member questions, the session will help owners better understand how management relationships work and how to protect their interests.

Topics will include:

• Review of a standard property management agreement and its key terms
• Services typically provided by a property management company
• Owner involvement vs. management authority — where lines are drawn
• Spending limits and owner approval thresholds for expenses
• Terminating or opting out of a management agreement
• How property managers represent owners in the event of a lawsuit
• Working with an onsite manager: roles, compensation, and termination
• What to look for when selecting a management company
• Top questions every owner should ask before signing an agreement

This class is ideal for owners who currently work with a property management company, are considering hiring one, or want a clearer understanding of their rights and responsibilities under a management agreement.