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FOUNDATIONS OF REAL ESTATE MANAGEMENT
The industry has spoken and BOMA has answered. The demand for practical, core commercial real estate management education for entry-level and up-and-coming property professionals is hotter than ever. BOMA Orange County is meeting this demand with the delivery of Foundations of Real Estate Management, a comprehensive introduction to commercial real estate. The program covers topics in the areas of administration and management, building systems and operations, accounting and reporting, and contract administration.
The course is ideal for all property management professionals with less than five years experience, such as junior and assistant property managers and administrative personnel. Building engineers and supplier members can also benefit from the course and gain a better understanding of real estate management functions and issues. The course seamlessly integrates the broad range of topics that are essential for all property managers. For this reason, seasoned real estate professionals have also found the program to be a helpful refresher.
The program was originally developed and for the past 3-4 years successfully delivered by BOMA Atlanta to address the shortage of new, young talent in the real estate industry. BOMA International has revised, updated, and repackaged the curriculum for national distribution.
The 28-hour curriculum is divided into following five, one-day modules.
Table of Contents
The Foundations Curriculum—What You’ll Learn:
1. Real Estate Administration
a. Roles and responsibilities of a property manager
b. Adding value to a real estate investment
c. Strategies for tenant satisfaction
d. Contracting with vendors and suppliers and managing supplier agreements
e. Property characteristics and leasing and marketing strategies
f. Managing risk and understanding commercial insurance coverage’s
g. Property Tour: the property management office
Module 1 Detailed Outline
2. The Well-Versed Real Estate Manager
a. Developing effective emergency and disaster preparedness plans and programs
b. Managing tenant improvements
c. Budgeting, accounting, and business plan development
d. Models for recovering operating expenses
e. Due diligence process for buying and selling real estate
f. Understanding OSHA safety requirements
g. Understanding indoor air quality issues and EPA requirements
h. Property Tour: engineering office and non-office occupancies
Module 2 Detailed Outline
3. Building Operations I
a. How HVAC and plumbing systems work
b. How electricity flows through a building and the various levels of power
c. Work order systems and best practices for managing service calls
d. Property Tour: HVAC, domestic water, fire alarm, fire sprinkler, main electric room
Module 3 Detailed Outline
4. Building Operations II
a. Types and operations of fire alarm and control systems
b. Reactive vs. preventive vs. predictive maintenance of building facilities and systems
c. Elevator and escalator systems and operations
d. Roofing systems—built-up, modified bitumen, single-ply
e. Managing solid waste and recycling
f. Managing cleaning services and contracts
g. Property Tour: elevators/escalators, roof systems, solid waste/recycling, janitorial
inspection
Module 4 Detailed Outline
5. Putting It All Together
a. Successful approaches to pest management
b. Types of parking structures and parking management
c. Assuring secure and safe buildings
d. Understanding and managing landscaping tasks and snow removal
e. Learn about BOMA and meet BOMA leaders
f. Learning assessment group exercise
g. Property Tour: parking, security, pest control, landscaping
Module 5 Detailed Outline
Building tours are included, providing participants with a unique opportunity to learn real-world management approaches by touring best-in-class examples of properties in the area. This chance to interact with colleagues is a learning opportunity rarely available in other educational courses.
** The Foundations of Real Estate Management® course has been approved by BOMI for competency credit for BOMI’s Fundamentals of Real Property Administration course in the RPA curriculum. To obtain credit, students must attend the Foundations course, take the exam at the end of the course, and achieve a grade of 70% or higher. Students who pass the exam will be provided with a certificate to present to BOMI for credit. Students must also follow enrollment procedures and pay enrollment fees as required by BOMI International. Students will have up to seven (7) years from the exam date to apply to BOMI for credit.
BOMI DESIGNATION PROGRAM
Through BOMA Orange County and BOMI (Building Owners and Managers Institute), professionals in the commercial real estate industry have access to the finest education designation programs in commercial real estate. These classes earn credits for prestigious designations in the industry, such as:
- Real Property Administrator (RPA)
- Facilities Management Administrator (FMA)
- Systems Management Administrator (SMA)/Systems Maintenance Technician (SMT)
WHAT BOMI CAN DO FOR YOU AND YOUR COMPANY
BOMI has been providing practical continuing education programs for professionals working in the commercial real estate industry since 1970. The Institute was created in direct response to the industry's demand for greater efficiency in property management, building maintenance, and energy conservation. Improve your work performance, enhance your reputation, and increase your earning power. Get advanced--yet practical--education courses from BOMI Institute. For a catalog with more information about BOMI, call 1-800-235-BOMI (2664) or visit their website at www.bomi-edu.org.
"Cross train" employees: A number of Institute courses count toward more than one of our professional designations, making it convenient for your staff to earn two, even three, Institute designations. By doing so, they develop the expertise to tackle challenges outside of their immediate jobs and thereby become more valuable to your company. |