Real Estate Management Business

Real Estate Management Business Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Think you've got what it takes to manage properties and ease the burdens of landlords? A real estate management business might be your next venture.

In straightforward terms, this business involves overseeing residential or commercial properties on behalf of property owners. Your responsibilities include everything from handling maintenance requests and collecting rent to screening tenants and ensuring property compliance with local laws.

This isn't a get-rich-quick scheme; it requires a deep understanding of real estate markets, excellent customer service skills, and meticulous attention to detail. But if you thrive in a dynamic environment and enjoy diverse daily tasks, property management could be highly rewarding.

Starting this business offers the potential for steady income and the opportunity to build lasting relationships with property owners and tenants alike. With a structured approach and dedication, you can carve out a successful niche in the property management industry.

In this list, you'll find real-world real estate management business success stories and very profitable examples of starting a real estate 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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