The Landlord Certification course will focus on both the advantages of being a landlord as well as the duties and laws that you must follow to be successful.
The course is broken up into 9 sections:
- Introduction and Registration (2:40) - When you buy a home that can house
several families and start renting units in it to others you become a
“landlord”. While this role will entitle
you to collect rents, select the people that will live side by side with you
and should lead to tax benefits, it also comes with certain important
responsibilities. This course will focus
on both the advantages of being a landlord as well as the duties and laws that
you must follow to be successful. We will be asking you to register for the course in this first section; this information is for the Department of Housing and Urban Development (HUD)
- The Purchase Decision and Responsibilities (15:28) - You are taking a big step in purchasing a
two to four unit property and we hope that you have carefully thought about not
only the advantages, but also the possible drawbacks of owning a small rental
- Finding Tenants (17:17) - When looking for tenants, it is critical
to identify people who are willing and able to pay their full rent on time each
month. They also should be people likely to keep their units in good condition
– and likely to abide by any policies you may have regarding pets, acceptable
noise levels, use of common areas, or other matters.
- Your Job as a Landlord (11:29) - The moment your tenants move in, they will be expecting certain services from you — and you will be in the business of accommodating them. At the same time, you will be responsible for enforcing any rental policies you have established, and collecting rent. To handle these responsibilities comfortably, you will need to know what you have a right to ask of your tenants — and what they are entitled to expect from you.
- Maintenance (6:13) - As a landlord you are responsible for ensuring that your property is maintained in accordance with safety and health standards.
- The Business of Being a Landlord (11:24) - Watching the expenses is as important as receiving the rent, you should have a budget for your rental unit. In addition, as a landlord, you may be entitled to certain tax advantages.
- Ending Rental Tenancies (8:53) - You can expect to experience turnover with your tenants for a variety of reasons. Some of your tenants will decide to leave voluntarily and choose not to renew their leases, others may give inadequate notice or simply abandon the property or you may end up taking action to evict a tenant because of their failure to meet obligations stated in the lease or rental agreement. Regardless of the reason that tenants leave, you’ll need to understand what is involved with ending tenancies and the actions that you’ll need to take to protect yourself and your investment. This section explains the process of ending rental tenancies and steps involved, depending on whether the termination is voluntary or involuntary.
- Review (4:11) - We will review what you have learned.
- The Post Test - To earn your certificate of counseling
and education complete the Post-test. You will need a minimum of 70% to receive your certificate. If you do not pass you can review the material and take the test over.