A management company is a type of company that provides management services to other businesses or individuals. This can include managing finances, personnel, and other aspects of a business. For example, a property management company may be hired to manage a rental property on behalf of the owner.
Choose a management company name. Know the specifics of who you want to manage and draw up a business plan. Get your management company incorporated. Hire support, especially for those areas you know little about.
Detailed List Of The 100 Biggest Companies In Arizona RankCompanyEmployees 1 PetSmart 56,000 2 Banner Health 50,000 3 Circle K 40,001 4 ON Semiconductor 36,00074 more rows •
Business management involves coordinating organizational activities to achieve its objectives and goals. This is done through functions such as planning, organizing, directing and controlling various aspects of operations, including finance, marketing and human resources.
There are over 304,000 property management businesses in the U.S., with 238,000 focusing on residential properties. About 35% of property managers handle between 101 and 500 units, showcasing scalability across portfolios. The leading property management company manages 798,272 rental units as of 2025.
Some basic examples of business management skills include managing the progress of a store by monitoring results, selling and marketing to clients, and controlling and preventing issues.
Arizona demands that property managers hold a real estate broker's license to legally engage in property management. Securing this license involves finishing 90 hours of education, a 6-hour contract writing class, passing a rigorous state exam, and undergoing a comprehensive background check.
Arizona demands that property managers hold a real estate broker's license to legally engage in property management. Securing this license involves finishing 90 hours of education, a 6-hour contract writing class, passing a rigorous state exam, and undergoing a comprehensive background check.
Property Information: Store all property-specific documents in this folder, including lease agreements, property inspection reports, and maintenance records. Tenant Records: Keep a separate folder for each tenant, containing their rental application, lease agreement, and communication records.