1. What is a sustainable property management company?
Property management companies look after residential and commercial properties for the owners of those properties. They coordinate the leasing agreements, tenants’ issues, and processing of rents. Some property management companies go even further, coordinating maintenance and setting up other basic services like plumbing, electrical, and repairs. A sustainable property management company can help coordinate the most environmentally friendly maintenance and repair of properties, providing superior long term value and return on investment for property owners, as well as a healthier living situation for tenants (and thereby attracting higher quality, better paying tenants).
2. What required knowledge or skills are necessary?
Good skills to have to run a sustainable property management company are green building, remodeling, and general maintenance knowledge, which will help the company provide the best quality service to property owners. For instance, when a carpet needs to be replaced at a property, a good sustainable property management company will be able to source the healthiest, most environmentally friendly replacement flooring solution, and will be knowledgeable enough to find a green company that can provide those services. The document Green Business Village will create for you if you want to run this kind of company will help with this, but a general knowledge of building/green building, remodeling, and general maintenance will help assure a smoother startup.
Other good skills include account management and good people skills. You’ll need to keep good records for each property and each owner, and have a trustworthy personality that will instill confidence in your clients.
3. How much money is required to start?
$ (on a scale of $ to $$$$$)
4. What is the income potential?
$$ (on a scale of $ to $$$$$)
5. What is the best location for a sustainable property management company?
Urban (best), semi-urban (very good), suburbs (very good), rural (poor). You can start this business anywhere, but locating yourself and your office near most of your customers will help establish your business presence in that community. Thus, many property management companies specializing in condos locate themselves in urban areas, whereas many that manage suburban properties like single family homes choose to locate themselves in a suburban setting.
6. Four best questions to ask yourself to find out if this business is right for you (if you can answer yes to all four, this business might be for you):
Do you enjoy connecting people with a new home?
Can you speak the language of building maintenance (i.e., do you know what a primer is, how often ducts need cleaning, and what the difference is between a traditional and a tankless hot water heater)?
Are you organized and meticulous as a record keeper?
Do you live in a community where green services like eco-friendly maid services, eco-friendly green building remodelers, and eco-friendly carpet cleaning services are available?
Interested in starting one in your community? Where do you begin? What permits do you need? Who is your target customer? How do you find them? What is the best use of your limited advertising dollars? What’s the best way to attract a great employee or volunteer? What does an average day look like? What strategic tips do veteran eco-entrepreneurs suggest for startups like you?
There’s a lot to think about. Rest easy. Our mission is to help you succeed, so drop us a line (Info@GreenBusinessVillage.com). We’ll get you a business planning document to get you on your way for ONLY $299! We also guarantee our work, so if you are not satisfied, you get your money back!*
Take a look at a sample table of contents and a few sample excerpts from similar plans here. In essence, we’ll provide you the What, When, Where, and How…you provide the Who!
Info@GreenBusinessVillage.com*Subject to the terms of our Licensing Agreement.