Property management
Manage rental properties for landlords, including tenants, rent and repairs.
Last updated
01 / Why it can workThe upside
Monthly fees on each unit recur, and portfolios of managed units are sellable.
02 / Watch forThe hard part
Tenant problems, maintenance emergencies and licensing rules can be stressful.
03 / CostsWhat the first budget covers
Licensing where required, property management software, insurance and a contractor network. Expect roughly $1,000–$8,000 for a lean first version, before your own living costs.
04 / First customerYour first paying step
Manage a few units for one landlord and track hours spent per unit each month.
05 / GrowthHow it grows
Add units in the same area and systemize maintenance and tenant communication.
Business snapshot
Property management scores
Startup difficulty4/10
Operating difficulty7/10
Economic potential6/10
Scalability6/10
Resale potential7/10
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