Ohio Professional Housing Provider (O.P.H.P.)

What is the OPHP designation? The OPHP designation is a statewide, education-based certification program designed to recognize the high level of knowledge and professionalism among the designation holder. It is sponsored and overseen by the Ohio Real Estate Investor’s Association (OREIA).

Why obtain the OPHP designation? Only persons completing the educational requirements will be permitted to hold themselves out to the public as an Ohio Professional Housing Provider. The designee will be recognized in the form of an award certificate and the right to use the designation, and 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. Further, as OREIA works to make the OPHP designation more recognizable, it is hoped that the OPHP holders will have an advantage in dealing with legal and governmental bodies when a “my word against his” situation occurs. It will also aid in encouraging legislators to think of educated investors as a larger group for political action. Other tangible benefits, including discounts on courses and educational materials, may be added as the program develops.

Course of study. 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. The core topics are as follows:

Appraisal 2 hours Including formal appraisal methods (cost, income, and replacement method), PACE instruction, how to compare properties, etc.

Contract Law 3 hours 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.

Ethics 1 hour Including enacting and actual use of, national, state, local, and personal business ethics statements, policies and practices.

Fair housing law 2 hour Including federal, state, and local fair housing regulations

Finance 6 hours Including conventional financing, FHA/VA financing, owner financing of all types; comparing, financing, offering financing.

Inspections 2 hours Including pre- and post- purchase inspections, and pre and post move-out inspections of properties held.

Insurance 3 hours Property (1 hour): Including what type of property insurance is appropriate for investment property; negotiating for the best rates, and renter’s insurance.Worker’s compensation (1 hour): Including when, how and for whom to carry worker’s compensation insurance.Liability (1 hour): Including why and how much

Landlord-Tenant law 2 hours Including landlord’s and tenants responsibilities, evictions, etc.

Management 4 hours Including record keeping; dealing with tenants; maximizing cash flow; and others.

Marketing 2 hours Including how to market properties for sale and for rent; how to market buying services.

Negotiation 3 hours Including negotiating with sellers, buyers, renters, contractors and vendors, banks, etc.

Purchasing 2 hours Including finding deals and calculating profitability.

Rehab 4 hours Classroom (2 hours): Including estimation, which projects will pay for themselves, etc.Hands-on (2 hours): Including actual hands-on opportunities and demonstrations

Regulations 4 hours EPA (1 hour): Including regulations affecting real estate investment such as; lead paint regulations, wetlands, regulations, underground storage tank regulations, Environmental Quality Zone regulations, etc.Federal regulations (1 hour): Including regulations affecting real estate investment other than tax laws, fair housing laws, and EPA regulations.Local (2 hours): Including zoning and building codes.

Tax law 2 hours Income (1 hour): Including calculating and minimizing taxes, and tax laws as they affect the real estate investor.Other (1 hour): Including property taxes, 1031 tax deferred trades, etc.

The remaining 18 hours may include further education in any or all of the above topics, as selected by the OPHP candidate.

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 OPHP committee; and they must provide a certificate of attendance acceptable to the OPHP committee.

Continuing education to maintain OPHP designation. Once the OPHP designation has been obtained, designees must complete 20 hours of continuing education every two years in order to maintain the designation. These hours are elective and may be used by the designee to continue his or her education as he sees fit.

Goals of OREIA
The Ohio Real Estate Investor’s Association is dedicated to making this program a success. As the OPHP program continues to evolve, the local groups, their members and the public at large recognize the value of this education. OREIA believes that creating well educated investors is important in the fight to make our industry a respected one. We also believe that the ability to present our members as dedicated, educated professionals will aid in the political action to which we are dedicated as legislators, regulators and the public at large recognize that we are not simply “landlords”, but informed business persons who make an ongoing contribution to our communities.

“The OPHP designation is even more important than ever…” Deb McMillan, OREIA Past President

 

www.InvestInStark.com  (Stark County Real Estate Investors Association) does not give legal, tax, economic, or investment advice. Stark County REIA disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   

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