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My venture into property management was just by chance. I had about 15 houses in Dundee and employed a complete time handy man to collect rents and straighten out any minor repairs. 

My friend Chris knew that my qualities were well managed and he asked basically would take care of his mother's houses. I knew that she wasn't well and due to her health, i... 

The property management business is a excellent idea for someone who wants to make a reasonable income without taking a lot of risks. 

My venture in to property management was purely by chance. I had about 15 houses in Dundee and used a complete time practical person to gather rents and sort out any minor repairs.  [http://www.murrieta-propertymanagement.com/residential-mgt-services/ commercial property management murrieta ca]

My friend Chris knew that my qualities were well handled and he asked easily could look after his mother's flats. I knew that she was not well and due to her health, in the last year half her flats had lain empty. I reluctantly agreed and started renting out her homes. 

I managed to get her occupancy around more than 90. My charging design was very easy when I kept a huge number of her rent and all costs were also paid by her. She was happy with my company and told her friends who approached me to accomplish the exact same for them. Being busy but not planning to say no instantly I agreed to give the same service but at 15% of the monthly rent. To my surprise they agreed. 

Person to person got around and soon I had to start turning people away as I was far too busy managing my packaging company to complete house administration full time! Had this business not been succeeding I possibly could easily have started managing properties full-time. 

I also managed to purchase a couple of apartments at knock down prices when one of my clients wanted an instant sale after his tenants left. They offered me the houses for the same price they'd bought them for several years back. 

I knew the market had increased substantially since that time and ordered them immediately. I spent a few months doing them up and had them rented out in no time. When house prices began rising strongly I sold both of these, making good money simply to lose out on the real boom in prices! 

If you have time on your own hands why not consider managing other people's qualities? Be warned though if an urgent situation happens at any of the properties that you are on call 24/7.