Property Manager

Startup Costs: $2,000 – $10,000
Part Time: Can be operated part-time.
Franchises Available? Yes
Online Operation? No

Startup Costs: 
Home Based: 
Franchises Available? 
Online Operation? 

THE BRIEF:

Residential and commercial property managers are busy people because they have lots of work to do on behalf of their clients. These duties often include preparing annual management plans; preparing budgets and monthly financial statements; maintaining good tenant-owner relations; organizing tradespeople to conduct repairs; negotiating, preparing, and executing leases; and managing deposit accounts, just for starters! Running a property management service is ideal for people with a real estate background, project management experience, construction management experience, or a property administration background. However, anyone can start this venture on a small or part-time basis and gain valuable on-the-job experience, which can be leveraged to grow the business. You may want to look into property management training and certification programs, which can be a wise investment especially for people who want to make a career of property management. Fees vary depending on the property being managed and the services provided, but you can expect to earn in the range of $25 to $40 per hour.

ASK THE PROS:

How much money can you make?

What kind of experience do you need to have?

What’s the most important thing to know about this business?

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