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Updated over 9 years ago,
Property Management Business Startup
Hi,
I am considering starting a property management company. I have much experience managing my own properties. I also have other streams of income so can be patient to build the business.
My questions to anyone in the business are,
- How many doors can one person manage before adding staff?
- What kind of income potential is available for a portfolio of 250 doors?
- Is is a 7/24 business or if you are a good time manager can you run the business as a 5 day a week business?
- And, feel free to add whatever pros or cons about the business.
The more I read in post about how many "bad" property managers there are My though was that someone with service focus and good business and management experience could create a good business.
Thanks for your input.
John