Being a property manager can be tough, but the hardest part is juggling tenants, maintenance, and budgets - all while keeping a smile on!
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.
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.
With more than 450 locations nationwide, each of your properties is managed by local experts who know the area and the rules, from building codes and permits to having the right answers for questions from prospective tenants.
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.
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In 2021, the property management industry generated a revenue of $88 billion in total, contributed by more than 280K property management companies all across the US. The global property management industry is valued around $13.88 billion of which North American market grabs the major chunk of around $5 billion.
Based on survey data of property management companies of all property types, the largest multifamily property management company is Greystar Real Estate Partners and the largest commercial property management company is CBRE Group, Inc.
There are three basic ways of storing files: lateral, vertical and stacking. Lateral filing is done in four‐drawer filing cabinets, with the files held upright on their long narrow edge, often within a 'hanging folder'.