Business Idea: Start A Rental Property Management Platform in 2024
Rental property management is the process of finding and screening tenants, collecting rent, managing vacancies, and performing maintenance on rental properties. Rental property management platform is a software that helps you manage your rental property. It can be used to manage your tenants, collect rent, and keep track of other expenses.
The income you can earn from a rental property management platform is dependent on the number of properties you manage. If you are managing one property, your income will be relatively low. If you manage five properties, your income will increase but not by much.
Services of Rental property management:
- Monthly rent collections
- Security deposits
- Property management fees
- Maintenance fees
Revenue & Profitability
How much do rental property management platforms make?
Startup Costs
How much does it cost to start a rental property management platform?
- It can cost as low as $10,000 to start a rental property management platform.
- It can cost as high as $250,000 to start a rental property management platform.
Learn more about the costs of a rental property management platform.
Examples Of Successful Rental Property Management Platforms
Successful rental property management platform businesses and case studies
TenantCloud is a leading property management software designed to assist DIY landlords in managing their rental properties, with revenue projected to reach almost $15 million by the end of 2021.
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.
See full list of successful rental property management platforms.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
