Property Management Business Model

A property management business model involves overseeing residential or commercial properties on behalf of owners. This includes tasks like collecting rent, maintaining the property, handling tenant issues, and ensuring compliance with laws. Property managers earn revenue through management fees, typically a percentage of the rent collected, and sometimes through leasing fees. By taking care of these responsibilities, property management companies relieve property owners of the daily hassles, allowing them to maximize their investment’s profitability while ensuring tenants enjoy a well-maintained living or working environment.