Why Now is a Great Time to Kick Start a Property Management Business
Want to be your own boss? Now might be just the right time to take the plunge! In today’s challenging economic climate, many job seekers are finding it increasingly difficult to secure satisfying employment that fully utilises their skills. They might be tempted by the idea of owning their business, but nervous about committing. Our article dives into the reasons why starting a property management could be the answer, and what opportunities are available to do so with Propertyscouts.
In today’s challenging economic climate, many job seekers are finding it increasingly difficult to secure satisfying employment that fully utilises their skills. Unemployment is on the rise, with predictions that unemployment will rise 5% by the end of 2024. A direct result of the recession, many job seekers are considering more economically stable paths forward. At this point, many savvy investors are thinking into the future, considering seizing this moment as an opportune time to invest in their own pursuits.
This is where Propertyscouts come in. We have a variety of Quick Start opportunities available currently. These could see you moving into a recession-proof industry, with guaranteed income from day one. Although starting a business can be daunting, you’ll receive full support and training from our PSHQ (Propertyscouts Head Quarters) team from day 1.
The Benefits of Running a Property Management Business
Starting your own property management business can be incredibly rewarding. You gain the freedom and flexibility to build a business around your goals and lifestyle rather than adhering to someone else’s agenda. Moreover, property management is a resilient industry. Regardless of economic fluctuations, people will always need housing, making it a stable and promising field. By owning a property management business, you can tap into this steady demand and create a sustainable income.
Why Quick Starts?
For those interested in diving into the property management industry with immediate revenue and full support, Propertyscouts’ Quick Start Franchise Opportunities offer an excellent solution. Distinct from our Classic opportunities where franchisee’s are starting from scratch, we have a number of these rare Quick Start opportunities available currently. These opportunities are designed to provide a lower-cost start to running your own business, with rights to manage an established portfolio from day 1. You can enjoy being your own boss, with our Propertyscouts proven business strategies, head office support and nationwide network behind you.
Our Opportunities
Auckland North-West:
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Rights to manage 10 properties, predominantly in the West Auckland area, with some on the North Shore.
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Bringing in annualised management fees of $25,056 + GST per year.
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Total price: $95,000 + GST
South Taranaki:
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Rights to manage 10 properties, bringing in annualised management fees of $19,700 + GST per year.
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Additional income streams such as inspection fees and leasing fees fetch around $3000 + GST per annum.
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Total Price: $62,000
Palmerston North:
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Rights to manage 10 properties in the Palmerston North Area
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Total starting income: $10,870* per year ($1,087 per property, excluding GST)
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Total Price: $49,000
Tauranga:
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Rights to manage 6 properties in the Tauranga area
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Total starting income: $6,522* per year ($1,087 per property, excluding GST)
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Total Price: $44,000
Timaru:
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Rights to manage 1 property in the Timarua area
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Total starting income: $1,087* per year ($1,087 per property, excluding GST)
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Total Price: $29,000
In Summary…
In a competitive job market with plateauing salaries and lower job satisfaction, becoming your own boss in the property management industry can provide a more resilient and rewarding career path. Propertyscouts’ Quick Start Franchise Opportunities offer a fantastic way to enter the industry with lower risk, guaranteed income from day one, and comprehensive support. Explore our franchise opportunities today and take the first step towards owning a successful property management business.
Want to learn more? Check out the full scoop on franchise opportunities available with Propertyscouts here.