7 Property Manager Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Become A Property Manager

A property manager is responsible for the day-to-day operations of a property. This can include tasks such as marketing and leasing units, collecting rent, and maintaining the property.

To succeed in this business, you’ll need to have strong people skills and be comfortable working with various clients. You’ll also need to be organized and detail-oriented. If you have these skills, starting your own property management business can be a great way to make money in the real estate industry.

The average property manager's salary in the United States is $54,183/year. The low-end range falls between 36k at 12% below to 79K+, which represents 24%.

With the recent craze of people wanting to invest in real estate, property management has never been more popular than now. Property managers often have the opportunity to work from home, making it an excellent option for those who want the flexibility of being their own boss.

The property management business is a great way to make money if you’re familiar with the real estate market and have strong people skills. You can make a lot of money by managing properties for investors.

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

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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Becoming A Property Manager: Everything You Need To Know

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So... can you actually make money with a property manager?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

4. AppFolio

AppFolio property management software is trusted by thousands to get organized, efficient, and profitable. Automate and grow your business. Get a demo today!

Website traffic: 18.8M/month

5. RealPage

RealPage offers property management software and real estate management software for multifamily, single-family, senior-living, commercial, and more.

Where they're located: Charlotte, North Carolina, USA
Website traffic: 4.96M/month

So... can you actually make money with a property manager?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

7. rentmanager

Rent Manager is a powerful property management software tool that combines all the features you need to run your business into one integrated platform.

Website traffic: 3.25M/month