In some instances, a property manager will also undertake collections activity and transfer the funds to the property owner. This may involve contacting tenants if payments are missed, using a collections agency to chase missed payments, and ensuring deposits are held in appropriate accounts.<\/p>\n

Starting a Property Management Business<\/h4>\n

As you gain experience in the industry, you\u2019ll have the option to launch your own property management business if you decide that you don\u2019t want to work for a separate firm. If you\u2019re eager to generate a lucrative income from the real estate industry, you\u2019re passionate about providing top-quality service to renters, and dream of launching your own enterprise, starting a property management company could be the ideal opportunity for you.<\/p>\n","protected":false},"excerpt":{"rendered":"

The real estate industry is big business and there are a variety of ways you can generate revenue from the sector. From buying and selling property to investing in REITs, millions of people are making lucrative returns from real estate. When it comes to building a career in real estate, property management can be an …<\/p>\n","protected":false},"author":1,"featured_media":4350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[81],"tags":[],"class_list":["post-4349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"yoast_head":"\n