Property Manager

Business Idea: Become A Property Manager in 2024

Pat Walls

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Updated: October 2nd, 2024

Avg Monthly Revenue

$160K

Avg Startup Costs

$18K

Avg Revenue

$160K/month

Avg Days To Build

225 days

Avg Revenue

$160K/month

Avg Days To Build

225 days

A property manager is responsible for the day-to-day operations of a property. This can include tasks such as marketing and leasing units, collecting rent, and maintaining the property.

To succeed in this business, you’ll need to have strong people skills and be comfortable working with various clients. You’ll also need to be organized and detail-oriented. If you have these skills, starting your own property management business can be a great way to make money in the real estate industry.

The average property manager's salary in the United States is $54,183/year. The low-end range falls between 36k at 12% below to 79K+, which represents 24%.

With the recent craze of people wanting to invest in real estate, property management has never been more popular than now. Property managers often have the opportunity to work from home, making it an excellent option for those who want the flexibility of being their own boss.

The property management business is a great way to make money if you’re familiar with the real estate market and have strong people skills. You can make a lot of money by managing properties for investors.

Revenue & Profitability

How much do property managers make?

On average, successful property managers report $1.92M/year in revenue.

Startup Costs

How much does it cost to become a property manager?

It can cost as low as $500 to become a property manager.
It can cost as high as $50,000 to become a property manager.

Learn more about the costs of a property manager.

Examples Of Successful Property Managers

Successful property manager businesses and case studies

We Started A $2.4M/Year Coliving Business In Singapore

Casa Mia Coliving, a sustainable and modern co-living and property management company in Singapore offering affordable accommodation, has an annualized revenue of $2.5M with 150 bedrooms across popular neighborhoods, attracting young professionals and boasting a 10x LTV/CAC ratio, all while focusing on unit economics and profitable growth.

$200K Monthly Revenue

Read by 4,298 founders

We Quit Our 9 To 5 To Start An Airbnb Cleaning Service. Now We Make $1.4M/Year

Former banker builds a vacation rental cleaning service from $800 to gross over a million dollars a year, providing opportunities for underserved communities to provide income through connecting top-rated cleaners to hosts in need through a referral model offering cleaning services, marketing, sales, accounting, bookkeeping, technology and more while empowering cleaners to provide fair and sustainable pricing, offering free resources and education through a short term rental podcast, and expanding to help as many hosts and cleaning services as possible.

$120K Monthly Revenue

$800 Startup Costs

Read by 3,198 founders