Rental Management Business

Rental Management Business Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Managing rental properties offers a compelling opportunity to build a robust business. A rental management business involves overseeing residential or commercial properties for owners, handling day-to-day operations like tenant screening, property maintenance, and rent collection.

What makes this business intriguing is its blend of recurring revenue and operational dynamics. As a rental manager, you stand as the linchpin between landlords and tenants, ensuring property values are maintained while providing steady income streams. The demand for quality management in the rental market is ever-present, ensuring a steady flow of potential clients.

This business requires diligence, attention to detail, and excellent organizational skills. However, the reward is a lucrative and scalable business model that can expand as you grow your portfolio. If you're seeking a business idea with solid income potential and the ability to foster client relationships, rental management is worth exploring.

In this list, you'll find real-world rental management business success stories and very profitable examples of starting a rental management business that makes money.

1. Livit ($600K/year)

Lavinia and her business partner Michael Bodekaer, tired of the traditional 9-to-5 grind, set up Livit in Bali as a co-living community for founders. By evolving it into a support ecosystem over six years, they've inspired and empowered 750+ entrepreneurs, scaling multiple startups to 100+ team members and generating $50K monthly.

How much money it makes: $600K/year
How much did it cost to start: $10K
How many people on the team: 24

How We Helped 750 Entrepreneurs & Remote Workers To Build Their Businesses

Livit International, a support ecosystem and service provider for startups and scale-ups in Bali, has enabled 750+ entrepreneurs to build disruptive businesses with a global impact through its coworking spaces, innovation and event spaces, HR and Strategic Business Partner services, tech and non-tech recruitment, remote work education, and business support services.

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