6 Property Management Business Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Start A Property Management Business

Property management companies maintain a residence’s status quo by representing the property owners. The property management company markets the property and collects rent on behalf of the owners.

With the demand for housing increasing annually, the property management business is lucrative. Property managers earn commissions and have an opportunity to maximize profits by working for as many clients as they can handle.

Here are some real life success stories of starting a property management business:

1. Casa Mia Coliving ($2.4M/year)

Eugenio and Ahmed, co-founders of Casa Mia Coliving, came up with the idea for their business after experiencing challenges with finding suitable accommodations while working in different countries. They saw the potential for coliving and decided to create a sustainable and modern coliving company in Singapore. Through their innovative approach and effective marketing strategies, Casa Mia Coliving has reached an annual revenue of $2.5 million and aims to double their business this year while launching in a second city.

How much they make: $2.4M/year
Current team size: 7

We Started A $2.4M/Year Coliving Business In Singapore

Casa Mia Coliving, a sustainable and modern co-living and property management company in Singapore offering affordable accommodation, has an annualized revenue of $2.5M with 150 bedrooms across popular neighborhoods, attracting young professionals and boasting a 10x LTV/CAC ratio, all while focusing on unit economics and profitable growth.

About

Eugenio started Casa Mia Coliving over 4 years ago

Revenue

Eugenio grew the business to $200K/month

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2. Afford Anything ($126K/year)

How much they make: $126K/year
Current team size: 14

This Woman Makes Money Off Real Estate While Traveling the World

How Paula left behind a high-powered, high-stress job to become a self-employed writer, built a six-figure income, then invested in real estate, allowing her to travel the world while her properties earn her money.

About

Paula started Afford Anything over 13 years ago

Revenue

Paula grew the business to $10.5K/month

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Learn more about starting a property management business:

Where to start?

-> How much does it cost to start a property management business?
-> Pros and cons of a property management business

Need inspiration?

-> Examples of established property management business
-> Marketing ideas for a property management business
-> Property management business slogans
-> Property management business names

Other resources

3. Meridith Baer ($20.4M/year)

How much they make: $20.4M/year
Current team size: 71

$1.7 Million a Month: How Meridith Baer Built a Crazy Successful Home-Staging Business

Home stager Meredith Baer turned a $500,000 sale into a thriving business with Meridith Baer Home, expanding operations from California to Connecticut, New York, Florida, San Francisco, Las Vegas, and even Cabo San Lucas.

About

They started Meridith Baer over 26 years ago

Revenue

They grew the business to $1.7M/month

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4. Propster ($1.2M/year)

How much they make: $1.2M/year
Current team size: 28

Property tech SaaS grows 100% YoY to $1.2m in revenue, raising $10m on $50m now?

PROPSTER is a cloud-based configuration platform that helps property companies increase off-plan sales, improve efficiency, and give customers a great purchasing experience with over 8k users, 5 countries, and more than 200 projects.

About

Milan started Propster over 7 years ago

Revenue

Milan grew the business to $100K/month

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Read by 445 founders