We all have a sphere that we are very good at. And it would be a waste of talent if you don’t make money out of it. For example there are people that are very good guitar players and this means that they should start teaching others the guitar. There are more pragmatic activities like property management which are very popular.
Property management means taking care of the real estate of a person or a company. This consists of (but not limited to) cleaning, collecting rent, paying the bills, looking for tenants, refurbishment services, small repairs (like changing bulbs or sockets), draining and cleaning the swimming pool, regular maintenance of the air-conditioning, maintaining the lawns (trimming, watering, etc.) and many other activities that can be explicitly required by the owner.
You don’t need a big investment for property management. At first you can start by yourself and managing separate houses of people that are away. This is particularly common for holiday apartments and houses. The status of the place should always be impeccable because the owner may decide to use it at any moment.
The more attractive option is a property management of complete buildings like apartment hotels, hotels, holiday parks, etc. For this purpose you will need more people that will be employed by you and your job will be the quality management.
You can advertise your services at big construction companies, resorts, real estate agencies, office buildings, etc. Usually owners are interested in the price which in most cases is calculated per sq.m. This means that when you approach them you have to be ready with a detailed quote which contains the price and all its elements. Always leave space for negotiations because some of the clients may not need some of your enlisted services but may require other specific ones.
Property management is a responsible job. You will have keys of people’s houses and offices and this means that your employees should be absolutely reliable and honest people. If something happens the owner will blame you and not your employees. That is why it is obligatory to make a criminal background check up before you hire someone so that you are sure of their integrity.
This business pays well as long as you fulfill your duties in a perfect manner. Property management contracts can continue for years which means that you will have a substantial income guaranteed.
Source by Jared Dow