IROP gives you an “insider’s view” of professional property ownership and management practices.
After completing IROP, you will have learned about:
• Key elements of successful rental unit ownership
• Preparing and managing a budget
• Planning taxes strategically
• Establishing relationships with code department representatives
• Protecting and insuring your investment
• Increasing your property’s energy efficiency to increase market value
• Screening, hiring, and training employees
• Scheduling unit inspections for preventive maintenance
• Establishing rental rates and marketing to find residents
• Qualifying residents and complying with fair housing laws
• Considering the important elements of an enforceable lease
• Owner liability, rent collection, security deposits, and eviction
• Developing turnkey rental unit preparation and resident move-in processes
• Showing the rental unit and qualifying and screening prospective residents
• Managing resident retention and terminating leases
Criteria to earn this badge
IROP candidates must complete the following requirements to earn the IROP credential. Candidates must complete the coursework and exam within 12 months of declaring candidacy.
•Candidates may own rental property or plan to purchase rental property
•Successful completion of IROP coursework (12 hours)
•Passing the IROP exam. The IROP exam is 65 questions timed for one hour and thirty minutes.