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Managing Properties

Projected Income $25 to $45/hr

Costs to Start Minimal

Time to Start 1-3 months

Category Real Estate

Our Side Hustles Breakdown

Managing properties involves overseeing the day-to-day operations of real estate, from tenant management to maintenance and financial management. Success in property management relies on effective organization, tenant relations, and property maintenance. You can potentially achieve a steady income by offering top-notch management services, maintaining positive tenant relationships, and staying on top of property maintenance.

Cons

Responsibility: Involves dealing with tenant issues, maintenance, and emergencies.
Market Dynamics: Affected by real estate market fluctuations.
Legal Compliance: Must stay updated on property management regulations.

Pros

Steady Income: Offers the potential for regular management fees.
Asset Appreciation: Gain exposure to real estate without property ownership.
Diverse Portfolio: Work with a variety of property types and clients.

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