Are you looking to start your own property management business? Often considered secondary to real estate sales, property management can be a more lucrative opportunity if you set up your business correctly from the start. That’s why we have put together eight things you should do when starting a property management business to help you through this exciting but stressful time.

Your property management company cannot succeed without a business plan. A professional business plan should outline the specifics of your company and its strategic path forward. Learn how to create an actionable business plan for your property management company by exploring each section in detail.

Your growth strategy for your property management business should focus on your market area’s opportunities rather than the number of properties you manage. That’s because growth includes how you win and retain clients. Here are 10 tips to help you create a successful growth strategy for your property management business.