We Believe Education Is Vital To Your Success!
Why Obtain the Professional Housing Provider Designation?
Only persons completing the educational requirements will be permitted to hold themselves out to the public as a Professional Housing Provider.
The designee will be recognized in the form of an award certificate, pin and the right to use the designation. He or she should recognize that having a basic education in the topics outlined below will increase his or her ability to reach his goals in real estate investment.
In addition, the PHP program raises investors’ level of professionalism and status in the eyes of the public and government. It also aids in encouraging legislators to think of educated investors as a larger group for political action.
How Will I Obtain These Hours?
These hours may be obtained through local association meetings and seminars. Or through courses taught outside of the local groups.All outside courses and seminars must meet the following requirements; they must be taught live, they must be pre-approved by the PHP committee, and they must provide a certification of attendance acceptable to the PHP committee.
The course of study will be divided into 42 clock hours of core courses and
18 hours of elective topics for a total of 60 hours of formal education.
Including formal appraisal methods (cost, income, and replacement method), PACE instruction, how to compare properties, etc.
Including estimation, which projects will pay for themselves, etc.
Including actual hands-on opportunities and demonstrations.
Including federal, state, and local fair housing regulations.
Including enacting and actual use of, national, state, local, and personal business ethics statements, policies and practices.
Including negotiating with sellers, buyers, renters, contractors and vendors, banks, etc.
Including conventional financing, FHA/VA financing, Owner financing of all types; comparing, financing, offering financing.
Including landlord’s and tenants responsibilities, evictions, etc.
Including basic contract law; using contracts and clauses to protect yourself, developing contracts such as leases, options, purchase contracts etc. that for the real estate investment business.
Including regulations affecting real estate investment OTHER THAN tax laws, fair housing laws, and EPA regulations.
Including regulations affecting real estate investment such as; lead paint regulations, wetlands regulations, underground storage tank regulations, Environmental Quality Zone regulations, etc.
Including record keeping; dealing with tenants; maximizing cash flow; and others.
Including finding deals and calculating profitability.
Including pre- and post- purchase inspections and pre- and post- move-out inspections of properties held.
Including calculating and minimizing taxes, and tax laws as they affect the real estate investor
Including property taxes, 1031 tax deferred trades, etc.
Including what type of property insurance is appropriate for investment property; negotiating for the best rates and renter’s insurance.
Including when, how and for whom to carry worker’s compensation insurance.
Including why and how much.
Including how to market properties for sale and for rent; how to market buying services.