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?

Related Ideas

 

 

Property Manager Ideas

Renovation Service

Reinvigorate people's homes with a renovation service.

Property Manager

Lease apartments, make repairs and set your own schedule as a property manager.

Wood Furniture Refinishing

Make that old furniture you love look like new again, or build a new piece altogether.

More from Business Ideas

Starting a Business

Ask Marc | Get Free Business Advice From the Co-Founder of Netflix

Get the answers to your most challenging business problems during our next Ask Marc, live Q&A, on 6/13/24 at 2 PM ET. You don't want to miss it—send in your questions now.

Starting a Business

This Mother and Daughter Were 'Kind of Fringe Weirdos' When They Started an Uncommon Business in Their Garage. Now They're in Major Retailers — and Victoria Beckham Is a Fan.

Jenefer and Melissa Palmer's slow-and-steady approach to growth helped their skincare and body care brand OSEA thrive over decades — but lately they've been taking things up a notch.