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.
- Why Reinvent the Wheel?
- Want To Be a Property Manager But Don’t Like Accounting? We Have You Covered
- Recession Proof Your Life
- Opportunity from Low Interest Rates for So Long
- Property Management Explosion
- Property Manager as Concierge
- Fear of Change
- Start With The First Step
- New Year – New You?
- Remove Uncertainty
- Business Start Up (49)
- Press & Endorsements (6)
- Property Management (27)
- Support (4)
- Testimonials (3)
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If you are looking to start a management business in preparation for the next business down cycle (recession) you came to the right place. The reason I wrote this book and created this companion website with downloadable forms was a direct result of construction, architects and realtors that wanted to have a recurring income stream. […]
People get into property management for many reasons. There is the recurring income, for some it is working with people, for others it is the ability to get out of the office and help onsite. But the hang up for some is they don’t like accounting, so what are you to do? When starting […]
The average business cycle is 61 months long going back to 1950. We are much farther along at 106 months we are in the 2nd longest business recovery in US history. When recessions come along real estate sales drop and construction activity drops along with related professions and the general economy. One thing that doesn’t […]
- Opportunity from Low Interest Rates for So Long
April 8, 2018 - Property Management Explosion
January 26, 2018 - Property Manager as Concierge
April 4, 2017 - Fear of Change
March 13, 2017 - Start With The First Step
February 2, 2017 - New Year – New You?
January 3, 2017 - Remove Uncertainty
December 5, 2016 - Scared of Change?
November 2, 2016 - Back to School – That Means You
September 8, 2016 - Summer Reading
August 2, 2016
