Property Management - Seeking Advice

[Kevin Bellavance]

Hi!

Here's the thing, I want to be a real estate investor but I was also exploring the possibilities to start a property management business targeting multi-units.

Here are some questions I came up with :

-How do you find your first customers/property? **I know word of mouth is a powerful tool, but how do you get your first ones when no one knows you?

-What are the margins related to this business. I want to know what should I expect in terms of gross earnings$$$/unit managed as well as net earnings$$$/unit managed?

-How many units should I expect to be able to manage myself before hiring somebody else?

-Any marketing strategies working well for this business?

-How time consuming is this business? For example, how much time should I expect to spend (weekly basis) on managing 20/40/60/100 units? It may sounds silly, but I'll have a full time job by the end of the year and I was wondering if it would be possible to do both, full time job and this business. My full time job will have a flexible schedule and I'll be mostly on the road (insurance agent).

Any advice from someone with background or experience in this business will be appreciated.

Thank you!