Rental Property Management Platform

2 Rental Property Management Platform Success Stories [2024]

Pat Walls

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Updated: October 10th, 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

In this list, you'll find real-world rental property management platform success stories and very profitable examples of starting a rental property management platform that makes money.

1. TenantCloud ($12M/year)

The founder of TenantCloud, who grew up in a small reservation town, became both an investor and a landlord, experiencing the challenges firsthand. Recognizing the need to streamline property management for landlords, they created a product that combines various functions such as rent collection, tenant screening, maintenance scheduling, and accounting all in one platform, catering to the 15 million landlords in the US who own 21 million rentals and house 60 million tenants. With a projected revenue of $15 million in 2021, TenantCloud has achieved profitability and plans to continue growing by making strategic acquisitions in the future.

How much money it makes: $12M/year
How much did it cost to start: $250K
How many people on the team: 130

We Launched A $12M/Year Property Management SaaS For Landlords & Tenants

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.

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Read by 5,209 founders

2. 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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Read by 8,077 founders