Property Management
About the Program
Bachelor of Science Degree: 180.0 quarter credits
The Bachelor of Science in Property Management develops the necessary competencies to be successful in the multidimensional field of property management. The program requires the completion of a minor in Business Administration as well as a set of core property management courses that provide a solid foundation for all professionals.
Concentrations are available in residential property management, affordable housing administration, housing for an aging population, and commercial property management.
Designed for working professionals, Drexel's BS in Property Management provides a strong multidisciplinary education, including a firm foundation in general education and social science, specialized study in property management and construction management, and advanced knowledge of real estate, law, marketing, and human behavior.
Students with prior college credits can complete the program through online study or in an accelerated blended (lecture-online hybrid) format through the Saturday Scholars® program.
Students in their senior year will prepare for and take the Certified Apartment Manager (CAM) examination administered by the National Apartment Association and will complete the CAM Community Analysis Project in their final, capstone course in the program.
The program is professionally involved and requires students to interact with industry leaders, visit best practice sites, and complete various analysis reports. Students also have the opportunity to be involved in team assessment activities.
For additional information, visit Godwin College's Property Management page.
Degree Requirements
| English Composition Requirements | ||
| ENGL 101 | Expository Writing and Reading | 3.0 |
| ENGL 102 | Persuasive Writing and Reading | 3.0 |
| ENGL 103 | Analytical Writing and Reading | 3.0 |
| Communication Requirements | ||
| COM 111 | Principles of Communication | 3.0 |
| COM 230 | Techniques of Speaking | 3.0 |
| COM 280 | Public Relations Principles and Theory | 3.0 |
| or COM 345 | Intercultural Communication | |
| Mathematics Requirements | ||
| Select one of the following sequences: | 8.0-9.0 | |
| Introduction to Analysis I and Introduction to Analysis II | ||
| Mathematical Analysis I and Mathematical Analysis II and Mathematical Analysis III | ||
| Natural Science Requirements | ||
| PHYS 182 | Applied Physics I | 3.0 |
| Natural Science Electives * | 6.0 | |
| Social Science Requirements | ||
| ANTH 101 | Introduction to Cultural Diversity | 3.0 |
| PSY 101 | General Psychology I | 3.0 |
| SOC 101 | Introduction to Sociology | 3.0 |
| Humanities and Social Science Electives | ||
| Three Electives ** | 9.0 | |
| Minor in Business Administration *** | ||
| ACCT 115 | Financial Accounting Foundations | 4.0 |
| BLAW 201 | Business Law I | 4.0 |
| FIN 301 | Introduction to Finance | 4.0 |
| MKTG 301 | Introduction to Marketing Management | 4.0 |
| ORGB 300 [WI] | Organizational Behavior | 4.0 |
| STAT 201 | Introduction to Business Statistics | 4.0 |
| Property Management Core | ||
| CAT 302 | Customer Service Theory and Practice | 3.0 |
| CMGT 262 | Building Codes | 3.0 |
| CRTV 301 | Foundations in Creativity | 3.0 |
| REAL 310 | Introduction to Real Estate | 3.0 |
| REAL 330 | Facilities & Property Management | 3.0 |
| PROJ 301 | Introduction to Project Management | 3.0 |
| PRST 211 | Computer Applications for Professionals | 3.0 |
| PRMT 110 | Introduction to Property Management | 3.0 |
| PRMT 210 | Rental Property & Fair Housing Law | 3.0 |
| PRMT 215 | Building Systems for PRMT I | 3.0 |
| PRMT 216 | Building Systems for PRMT II | 3.0 |
| PRMT 225 | Technical Drawings for Property Managers | 3.0 |
| PRMT 310 | Property Financing & Valuation | 3.0 |
| PRMT 315 | Property Risk Management | 3.0 |
| PRMT 320 | Sustainable Property Management | 3.0 |
| PRMT 325 | Human Resource Strategies - Property Management | 3.0 |
| PRMT 330 | Property Management Technology | 3.0 |
| PRMT 333 | Social Responsibility for Property Managers | 3.0 |
| PRMT 491 | Senior Project in Property Management | 3.0 |
| Free Electives | 30.0 | |
| Suggested Electives | ||
| Foundation of Behavioral Health Care | ||
| Interpersonal Communication | ||
| Applied Organizational Research | ||
| Understanding Construction Drawings | ||
| Tools and Techniques in Creativity | ||
| Creativity in the Workplace | ||
| Retail Principles | ||
| Health Care across Cultures | ||
| Health Services and the Elderly | ||
| Organizational Ethics | ||
| Managing and Marketing for Retail Properties | ||
| Managing & Marketing Housing for an Aging Population | ||
| Affordable Housing Management | ||
| Military Housing Management | ||
| Managing & Marketing for Commercial Properties | ||
| Commercial Property Appraisal | ||
| Special Topics in PRMT | ||
| Independent Study in Property Management | ||
| Creative Leadership for Professionals | ||
| Sociology of the Family | ||
| Race and Ethnic Relations | ||
| Urban Sociology | ||
| Total Credits | 164.0-165.0 | |
| * | Students select 6.0 credits from the following: ANAT, BIO, CHEM, ENVR, FDSC, NFS, PHEV, PHYS. Courses from other departments may be considered with advisor approval. |
| ** | Anthropology, African-American studies, fine arts (history of architecture, art, film, music, theatre) foreign language, history, linguistics, literature, philosophy, political science, psychology, sociology, women's studies, writing, etc. |
| *** | No more than 2 transferred courses may be used to complete the Minor in Business. A grade of C (2.0) or better must be earned in each course in the Minor in Business. |
Concentrations
Residential Property Management Concentration
| PRMT 335 | Marketing and Leasing for Residential Properties | 3.0 |
| Select four of the following: | 12.0 | |
| Managing and Marketing for Retail Properties | ||
| Managing & Marketing Housing for an Aging Population | ||
| Affordable Housing Management | ||
| Student Housing Management | ||
| Military Housing Management | ||
| Total Credits | 15.0 | |
Housing for an Aging Population Concentration
| HSAD 323 | Health Services and the Elderly | 3.0 |
| NURS 370 | Issues in Aging and Longevity | 4.0 |
| PRMT 335 | Marketing and Leasing for Residential Properties | 3.0 |
| PRMT 345 | Managing & Marketing Housing for an Aging Population | 3.0 |
| SOC 125 | Sociology of Aging | 3.0 |
| Total Credits | 16.0 | |
Affordable Housing Administration Concentration
| HSAD 323 | Health Services and the Elderly | 3.0 |
| PRMT 335 | Marketing and Leasing for Residential Properties | 3.0 |
| PRMT 350 | Affordable Housing Management | 3.0 |
| SOC 210 | Race and Ethnic Relations | 3.0 |
| SOC 240 | Urban Sociology | 3.0 |
| Total Credits | 15.0 | |
Commercial Property Management Concentration
| PRMT 340 | Managing and Marketing for Retail Properties | 3.0 |
| PRMT 341 | Managing and Marketing Office Buildings | 3.0 |
| PRMT 342 | Managing and Marketing Industrial Properties | 3.0 |
| PRMT 363 | Commercial Property Financial Reports | 3.0 |
| PRMT 365 | Commercial Property Appraisal | 3.0 |
| Total Credits | 15.0 | |
Writing-Intensive Course Requirements
In order to graduate, all students must pass three writing-intensive courses after their freshman year. Two writing-intensive courses must be in a student's major. The third can be in any discipline. Students are advised to take one writing-intensive class each year, beginning with the sophomore year, and to avoid “clustering” these courses near the end of their matriculation. Transfer students need to meet with an academic advisor to review the number of writing-intensive courses required to graduate.
A "WI" next to a course in this catalog may indicate that this course can fulfill a writing-intensive requirement. For the most up-to-date list of writing-intensive courses being offered, students should check the Writing Intensive Course List at the University Writing Center. Students scheduling their courses can also conduct a search for courses with the attribute "WI" to bring up a list of all writing-intensive courses available that term. Transfer students need to meet with an academic advisor to review the number of writing-intensive courses required to graduate.
Minor in Property Management
The Minor in Property Management is designed to provide students with the basic competencies required for the management of residential and commercial real estate. The program presents a comprehensive overview of the multidisciplinary responsibilities of the professional property manager—from leasing a rental unit to maintaining the physical plant.
The Minor in Property Management is a flexible, convenient undergraduate credential for full- or part-time students, both on campus and online. Courses are offered in the fall, winter, spring, and summer, allowing students an opportunity to complete all requirements within one year.
| Required Courses | ||
| PRMT 110 | Introduction to Property Management | 3.0 |
| PRMT 210 | Rental Property & Fair Housing Law | 3.0 |
| PRMT 215 | Building Systems for PRMT I | 3.0 |
| PRMT 310 | Property Financing & Valuation | 3.0 |
| PRMT 315 | Property Risk Management | 3.0 |
| PRMT 325 | Human Resource Strategies - Property Management | 3.0 |
| PRMT 330 | Property Management Technology | 3.0 |
| Select one of the following: | 3.0 | |
| Building Systems for PRMT II | ||
| Technical Drawings for Property Managers | ||
| Marketing and Leasing for Residential Properties | ||
| Total Credits | 24.0 | |
Courses
PRMT 110 Introduction to Property Management 3.0 Credits
An introduction to the multidisciplinary world of property management. This course provides an overview of facilities, construction, marketing, leadership, human resource management, finance, law, sociology, and how to interact with a variety of key stakeholders, such as property owners, investors, tenants, and the government.
Repeat Status: Not repeatable for credit
PRMT 210 Rental Property & Fair Housing Law 3.0 Credits
Rental Property Law including lease essentials, tenancies, implied warranty of habitability, security deposits, tort liability, leasehold improvements, default, eviction, landlord¿s and tenant¿s rights, duties and remedies. The course covers the basics of Fair Housing law, the Americans with Disabilities Act, and anti-discrimination law. Current issues and cases are featured.
Repeat Status: Not repeatable for credit
PRMT 215 Building Systems for PRMT I 3.0 Credits
The first of a two-course sequence addressing building systems. Covers heating,
ventilating, and air-conditioning principles and practices as they relate
to property management.
Repeat Status: Not repeatable for credit
PRMT 216 Building Systems for PRMT II 3.0 Credits
The second of a two-course sequence addressing building systems. Covers plumbing, electrical, fire safety, telecommunications, acoustical and roofing system
principles and practices as they relate to property management.
Repeat Status: Not repeatable for credit
Prerequisites: PRMT 215 [Min Grade: D]
PRMT 225 Technical Drawings for Property Managers 3.0 Credits
This course covers reading and interpreting a variety of technical drawings and
plans that relate to property management.
Repeat Status: Not repeatable for credit
PRMT 310 Property Financing & Valuation 3.0 Credits
This course provides the financial tools to calculate and analyze the cash flows, tax implications and risks of various projects. Decision-making models, lease valuation, and sensitivity analysis are employed in real situations. Alternative financing choices, cost of funds, tax incentive options, capitalization rates, and current market conditions are considered.
Repeat Status: Not repeatable for credit
Prerequisites: FIN 301 [Min Grade: D]
PRMT 315 Property Risk Management 3.0 Credits
This course focuses on strategies managers and owners employ to maximize protection of property and tenants and minimize exposure to liability and costs. The course includes emergency management, security, and insurance protection. Agency duties are explored including fair housing and environmental issues. The essentials of various insurance policies are presented.
Repeat Status: Not repeatable for credit
PRMT 320 Sustainable Property Management 3.0 Credits
An introduction to the study of sustainable housing where energy issues and environmental resource efficiences are considered in the planning, development, design, renovation, environmental prOtection, waste minimization, and overall management of a property. The impact of Green Property design on property management expecially facility management is featured.
Repeat Status: Not repeatable for credit
PRMT 325 Human Resource Strategies - Property Management 3.0 Credits
This course focuses on specialized strategies to successfully manage employees and subcontractors involved in property management companies and projects. A variety of areas are covered: recruiting top talent, retention, diversity policies, employee coaching, negotiations, conflict resolution, training and development, outsourcing, and housing law.
Repeat Status: Not repeatable for credit
PRMT 330 Property Management Technology 3.0 Credits
The focus of this course is the role that technology plays in the management and marketing of property. Important issues discussed include the latest software innovations, auto-pay systems, tenant website systems, software integration, communications strategy, security systems, television and data systems, and incorporating technology into a property's marketing plan.
Repeat Status: Not repeatable for credit
Prerequisites: PRMT 110 [Min Grade: D]
PRMT 333 Social Responsibility for Property Managers 3.0 Credits
The course explores application of ethics and social responsibility concepts, and challenges property managers are likely to face.
Repeat Status: Not repeatable for credit
PRMT 335 Marketing and Leasing for Residential Properties 3.0 Credits
This course covers the marketing of residential rental properties to acquire new tenants and retain existing ones. Market analysis is used as a foundation to create a marketing plan. Buyer motivation, customer service, and tenant retention strategies are discussed. Students demonstrate successful sales techniques by participating in a sales presentation.
Repeat Status: Not repeatable for credit
PRMT 340 Managing and Marketing for Retail Properties 3.0 Credits
An introducation to managing and marketing retail property using shopping centers as the basis for discussion. Issues include leasing, tenant mix, tenant relations, advertising, and daily and long-term concerns. Mixed-use developments are featured and students review best practice examples and analyze and visit area shopping centers.
Repeat Status: Not repeatable for credit
Prerequisites: PRMT 110 [Min Grade: D]
PRMT 341 Managing and Marketing Office Buildings 3.0 Credits
This course covers skills required for successful office building management. Topics
include managing, marketing, leasing, and maintaining single office buildings
and portfolios of properties. Views management of the office building as a real estate investment.
Repeat Status: Not repeatable for credit
Prerequisites: PRMT 110 [Min Grade: D]
PRMT 342 Managing and Marketing Industrial Properties 3.0 Credits
This course covers skills required for successful industrial property management. Topics include managing, marketing, leasing, and maintaining single industrial properties and portfolios of industrial properties.
Repeat Status: Not repeatable for credit
Prerequisites: PRMT 110 [Min Grade: D]
PRMT 345 Managing & Marketing Housing for an Aging Population 3.0 Credits
This course covers the management and marketing of housing for later life starting with a market analysis. Students discover challenges to be overcome and opportunities available in this unique segment of the housing market. The course covers successful management and marketing strategies involving active adult communities and senior living facilities.
Repeat Status: Not repeatable for credit
Prerequisites: PRMT 110 [Min Grade: D]
PRMT 350 Affordable Housing Management 3.0 Credits
An introduction to the challenges of managing affordable housing. Managing affordable housing requires the interaction of important players: legislators, government policymakers, citizen advocacy groups, and citizens/tenants. This course features presentations from industry leaders, visits to affordable developments, and completion of an analysis paper covering the development, marketing and management process.
Repeat Status: Not repeatable for credit
Prerequisites: PRMT 110 [Min Grade: D]
PRMT 355 Student Housing Management 3.0 Credits
This course focuses on the effective management of student housing. Successful student housing managers need to have specialized education in a variety of areas including federal laws, emergency management requirements, security and communications planning, marketing to the student population, town-gown relations and awareness of current cases and issues.
Repeat Status: Not repeatable for credit
Prerequisites: PRMT 110 [Min Grade: D]
PRMT 356 Military Housing Management 3.0 Credits
This course focuses on the effective management of military housing. The successful management of military housing requires specialized study in a variety of areas including federal laws, emergency management requirements, security and communications planning, military regulations, Department of Defense initiatives and regulations, and awareness of current cases and issues.
Repeat Status: Not repeatable for credit
Prerequisites: PRMT 110 [Min Grade: D]
PRMT 360 Managing & Marketing for Commercial Properties 3.0 Credits
An introduction to managing and marketing commercial property using office buildings, warehouses, medical buildings, factories and industrial properties as the basis for discussion and analysis. Issues include maintenance, marketing, location analysis, lease provisions, risk management, leasehold improvements, and government and tax incentive programs. Students discuss best practice examples and analyze and visit properties to meet industry leaders.
Repeat Status: Not repeatable for credit
Prerequisites: PRMT 110 [Min Grade: D] and FIN 301 [Min Grade: D]
PRMT 363 Commercial Property Financial Reports 3.0 Credits
Covers the administration, preparation, and interpretation of operating and capital
budgets, profit and loss statements, balance sheets, arrears reports, vacancy reports, and collection reports. Topics include tenant charges for operating costs, calculating a lease commission, and understanding components of net operating income and cash flow.
Repeat Status: Not repeatable for credit
Prerequisites: FIN 301 [Min Grade: D] and PRMT 110 [Min Grade: D]
PRMT 365 Commercial Property Appraisal 3.0 Credits
This course focuses on the fundamental concepts of real estate appraisal with an emphasis on the process of valuing commercial property. The course covers the foundations of property valuation, data collection and analysis, and alternative approaches to estimating the value of commercial properties.
Repeat Status: Not repeatable for credit
PRMT 380 Special Topics in PRMT 0.1-12.0 Credits
Covers special topics of interest in Property Management. This course may be repeated for credit.
PRMT 399 Independent Study in Property Management 1.0-6.0 Credit
Provides individual study or research in Property Management under faculty supervision. This course may be repeated for credit.
Restrictions: Can enroll if major is PRMT.
PRMT 491 Senior Project in Property Management 3.0 Credits
In this capstone course students participate in discussions and conduct research of key issues facing property managers. A major part of the class is a community analysis project using guidelines provided by the National Apartment Association and a professional property manager as a mentor through the process.
Repeat Status: Not repeatable for credit
Restrictions: Can enroll if major is PRMT.
Prerequisites: CAT 301 [Min Grade: D] or CAT 302 [Min Grade: D] or DSMR 231 [Min Grade: D] or MKTG 301 [Min Grade: D] or ORGB 300 [Min Grade: D] or PRMT 310 [Min Grade: D] or PRMT 315 [Min Grade: D] or PRMT 320 [Min Grade: D] or PRMT 325 [Min Grade: D] or PRMT 330 [Min Grade: D] or REAL 330 [Min Grade: D]
