Experience may be the best teacher, but a little education can help you avoid an unpleasant or costly experience.
Retention: Have you ever watched a movie that you had seen before and thought to yourself "I don't remember this scene?" Or, maybe you thought "I completely forgot what this movie was about." Most of us can't remember what we had for lunch yesterday, let alone remember everything we learned in a three-hour class.
We take classes for a better understanding of laws and practices that pertain to our industry. What we retain depends on the level of interest we have in the topic. Many of us will forget within a few days or a few weeks most of what we've learned in a class. This is why we take the same classes year after year.
Source of Information: Now that we have the benefit of the internet, you can find material on any topic. There are blogs, articles and postings everywhere. Unfortunately, not all information you find is correct. In fact, I've read many blogs and articles giving inaccurate advice. If you're going to rely on information found on the internet, you might want to also research the author or the source of the information. Better to double-check an author's opinion than to repeat something that turns out to be false.
Repetition: Unless you have quite a memory, you are not going to remember the all words to a song you have only heard one time. After hearing it again and again, you find yourself eventually singing along every word of the lyrics. Consciously or unconsciously, that's what repetition does. This is why it's important to repeat some classes. You're not going to remember everything you hear the first time you take a class. Plus some classes, like fair housing, are sometimes updated and modified from one year to the next.
Expertise: Just like any business, we need to have the knowledge that makes us the expert in our field. Anyone can own and manage a rental property. But if you have a tenant who challenges your knowledge, will you have the ability to call their bluff? Many property managers and landlords have faced a tenant who has confronted them with the statement "I know the law and the ขายบ้าน law is... " Often the tenant has no idea what the law is but will test the landlord to see if they can stump them. If the landlord hesitates, or shows doubt of their own knowledge, they could lose the much-needed respect and cooperation of the tenant.
There are some things you will have to learn through experience. No one person can anticipate every situation they may face. But better education can certainly help you deal with some of the unexpected challenges you will encounter.
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