Property Management is Financial Independence

The main reason people start a property management business is for the steady, recurring income it provides.  Property managers earn a monthly fee to oversee and operate real estate.  When business people and business brokers are asked about what makes a great business – the main component is predictable recurring revenue.

Residential rent is one expense that is normally the first to get paid, behind food, to take care of providing the basic need of shelter – so it is very steady.  The recurring management income is paid out of collected rents.  Part of your job as a manager is to collect the rent, pay associated bills (including your fee) and THEN send the remainder to your client with a statement.

I wanted to explain how property managers earn a predictable income from providing a valuable service.  This 4th of July think about declaring your own financial independence with the help of my property management start up kit.

Published on July 2, 2010 in Business Start Up

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About the author

Educated at Cornell University. Trained in the United States Army. Russell Munz has taken resources from both of these experiences to benefit you with the documentation included in the Quick Start Property Manager Program. Read more about Russell…

Why this Property Managment Program?

This is a step-by-step guide to becoming a property manager. It walks you through your first 30 days, provides you with checklists, forms, and templates and most of all, shows you how to find clients so you can start earning money fast!

Take a closer look: Front cover | Table of contents | Introduction | Back cover

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