Is property management a good business?

[Christie Gahan]

Is property management a good business?  It seems like the revenues should be up over a 5 year period because rents are up.  At the same time, costs have not changed must or are lower.  Any thoughts?  At what point, would an investor be wise to own or co-own a prop management company?   How many doors ( B or C) can I person manage?  How many people to run a prop management successfully?  

[Michael Smythe]

@Christie Gahan most PMCs are built on their PMs handling 75-150 doors each.

You usually need a minimum of 100 doors to make a living as a one-person PMC.

It's also an all or nothing business. Meaning you have to work 50-70 hours/week to make that living. It does scale down as you can afford to hire more people to offload to.