Property Management

Bachelor of Science Degree: 180.0 quarter credits

About the Program

The Bachelor of Science in Property Management program 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 major 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.

For additional information, visit Godwin College's Property Management page.

 

 

 

Degree Requirements 

General Education Requirements
ANTH 101Introduction to Cultural Diversity3.0
COM 111Principles of Communication3.0
COM 230Techniques of Speaking3.0
COM 280Public Relations Principles and Theory3.0
or COM 345 Intercultural Communication
ENGL 101Composition and Rhetoric I: Inquiry and Exploratory Research3.0
ENGL 102Composition and Rhetoric II: The Craft of Persuasion3.0
ENGL 103Composition and Rhetoric III: Thematic Analysis Across Genres3.0
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
PHYS 182Applied Physics I3.0
Natural Science Electives *6.0
PSY 101General Psychology I3.0
SOC 101Introduction to Sociology3.0
UNIV G101The Drexel Experience2.0
Humanities and Social Science Electives **9.0
Minor in Business Administration ***
ACCT 115Financial Accounting Foundations4.0
BLAW 201Business Law I4.0
FIN 301Introduction to Finance4.0
MKTG 301Introduction to Marketing Management4.0
ORGB 300 [WI] Organizational Behavior4.0
STAT 201Introduction to Business Statistics4.0
Property Management Core
CAT 302Customer Service Theory and Practice3.0
CMGT 262Building Codes3.0
CRTV 301Foundations in Creativity3.0
REAL 310Introduction to Real Estate3.0
PROJ 301Introduction to Project Management3.0
PRST 211Computer Applications for Professionals3.0
PRMT 110Introduction to Property Management3.0
PRMT 210Rental Property & Fair Housing Law3.0
PRMT 215Building Systems for PRMT I3.0
PRMT 216Building Systems for PRMT II3.0
PRMT 225Technical Drawings for Property Managers3.0
PRMT 310Property Financing & Valuation3.0
PRMT 315Property Risk Management3.0
PRMT 320Sustainable Property Management3.0
PRMT 325Human Resource Strategies - Property Management3.0
PRMT 330Property Management Technology3.0
PRMT 333Social Responsibility for Property Managers3.0
PRMT 491Senior Project in Property Management3.0
Free Electives32.0
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
Concentration Requirement15.0-16.0
Total Credits180.0-182.0

*

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 335Marketing and Leasing for Residential Properties3.0
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 Credits15.0
Housing for an Aging Population Concentration
HSAD 323Health Services and the Elderly3.0
NURS 370Issues in Aging and Longevity4.0
PRMT 335Marketing and Leasing for Residential Properties3.0
PRMT 345Managing & Marketing Housing for an Aging Population3.0
SOC 125Sociology of Aging3.0
Total Credits16.0
Affordable Housing Administration Concentration
HSAD 323Health Services and the Elderly3.0
PRMT 335Marketing and Leasing for Residential Properties3.0
PRMT 350Affordable Housing Management3.0
SOC 210Race and Ethnic Relations3.0
SOC 240Urban Sociology3.0
Total Credits15.0
Commercial Property Management Concentration
PRMT 340Managing and Marketing for Retail Properties3.0
PRMT 341Managing and Marketing Office Buildings3.0
PRMT 342Managing and Marketing Industrial Properties3.0
PRMT 363Commercial Property Financial Reports3.0
PRMT 365Commercial Property Appraisal3.0
Total Credits15.0


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 110Introduction to Property Management3.0
PRMT 210Rental Property & Fair Housing Law3.0
PRMT 215Building Systems for PRMT I3.0
PRMT 310Property Financing & Valuation3.0
PRMT 315Property Risk Management3.0
PRMT 325Human Resource Strategies - Property Management3.0
PRMT 330Property Management Technology3.0
Select one of the following:3.0
Building Systems for PRMT II
Technical Drawings for Property Managers
Marketing and Leasing for Residential Properties
Total Credits24.0

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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
Repeat Status: Not repeatable for credit

PRMT 380 Special Topics in PRMT 0.5-12.0 Credits

Covers special topics of interest in Property Management. This course may be repeated for credit.

College/Department: Goodwin School of Technology & Professional Studies

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.

College/Department: Goodwin School of Technology & Professional Studies
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.

College/Department: Goodwin School of Technology & Professional Studies
Repeat Status: Not repeatable for credit
Restrictions: Can enroll if major is PRMT and classification is Senior.

Multidisciplinary & Emerging Programs Faculty

Frank Anbari, PMP, PhD (Drexel University) Project Management Program. Clinical Professor. Transportation engineering; project scheduling; project cost management; earned value management; project quality management; project leadership; project management education; Six Sigma.
Kimberly Mitchell, PhD (Virginia Polytechnic Institute and State University ) Property Management Program. Associate Teaching Professor. Multi-family real estate operations, sustainability, affordability, and policy; asset management; real estate development.
Fredricka K. Reisman, PhD (Syracuse University) Director of the Torrance Center for Creativity and Innovation. Professor. Mathematics education, learning mathematics, mathematics pedagogy, teacher education, heuristic diagnostic learning and teaching, theory and research in creativity and applied creativity.
Victor Sohmen, PhD (University of Queensland) Project Management Program. Associate Clinical Professor. Extensive international experience in teaching, research, publication, and practice in diverse areas of: general management; project management; cost engineering; pedagogy; curriculum development; distance learning technology; research methodology; cross-cultural studies; and international business.

Interdepartmental Faculty

Scott J. White, PhD (University of Bristol, UK) Director, Computing & Security Technology Program. Associate Clinical Professor. Homeland security; operational risk management; infrastructure protection; intelligence, crime & counter-terrorism.
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