639 money making ideas, home based business ideas and small business opportunities
HOME   |   Business Opportunities   |   Business Ideas   |   Resources

Money making idea > Real Estate Category >
Property Management
This idea viewed 4056 times this year | Share This Idea With A Friend

any residential and commercial buildings become run-down due to a variety of reasons - low tenancy and improper management being two of the chief causes. Propery Managements is up your alley if you're someone who organized and a jack-of-all-trades.

Search for more information on Real Estate small business ideas or Property Management

When you take over the management of a particular property, you basically take over every facet of the operation. Your immediate tasks would very much depend on what the building needs most. If it's improving infrastructure, then you'll have to find ways to finance it. If it's tenants not paying their rent, then you've got to get them to pay or you have not choice but to consider the unpleasant option of eviction - much as you may dislike doing it. Tenants have to be convinced that the rent collected will be ploughed back into making the building profitable again.

Getting tenants and improving the building will go hand in hand. Tenants will only move in when they see changes in the way the building is managed (that's you by the way) and when the building starts getting back it's lustre, you'll see potential tenants flocking to you! The day to day administrative functions need to be considered also - especially the financial records and compliance with local government regulations. When you've got the building profitable, then you can think of ways to make it the tenant's "preferred choice". That's money coming your way!

More ideas in the Real Estate category :
> > View all ideas for Real Estate category

   RSS Feeds
Subscribe to Positive Money Ideas feed
 Subscribe Positive Money Ideas feed by Email

View our list of opportunities in the Business Opportunity Index
Suspended In Time

Visit our Small Business and Online Business Learning Centers for knowledge articles.
How to start a T-Shirt Business

  FREE Trade Magazines

Free Magazine on Running a Website
FREE Magazine on
Running a Website

| About Us | Sitemap | Privacy Policy | Contact
© www.PositiveMoneyIdeas.com