Management Company Examples In Ohio
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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.
In Ohio, you must earn your Real Estate Broker License to start a property management company. Alternatively, you can work under a Broker with your Ohio Real Estate Salesperson license. To start your own property management company as an Ohio Broker, you'll need to: Earn your Ohio Real Estate Broker license.
Property management companies are profitable since they typically operate at 10-15% profit rates. While this is a general industry standard, you'll want to ensure the company's profit margin doesn't go below 10%, even if a lower value doesn't mean the company is financially unhealthy.
Start by contacting the property management company directly to inform them of the problem. If they do not take appropriate action, consider filing a complaint with the Better Business Bureau (BBB). This can bring attention to the issue and potentially motivate the property management company to resolve it.
A property management company oversees a rental property on the behalf of the landlord. Their role includes collecting rent from tenants, taking responsibility for day-to-day repairs, and managing the overall maintenance of a property.
Between 30% and 40% of HOAs were self-managed, meaning they operate without a management company or professional manager. A total of 60,000–65,000 community association managers and 9,000–10,000 community association management companies governed HOAs nationwide in 2023.
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.
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.
