If you are a person who is willing to walk beyond the ordinary, then there is no doubt that you will be looking at business opportunities that are not usually taken up by all the people. Property management is one such business that could be thought about and it certainly holds out a lot of promise and opportunity. Put in plain and simple words, it is about managing the properties or those who own big buildings and other such properties. It is quite possible that they do not have the time and the infrastructure to take care of these properties and hence would not mind outsourcing the whole function. When we talk about property management it is not just all about looking after the building on a cursory note. There are a number of functions that fall under the gamut of management of properties. It could about collecting the rent from the tenants, ensuring that utility bills are paid in time, keeping a watch on the security of the entire residential or commercial buildings on behalf of the owners. There are a number of other functions too which you must handle if you wish to take this up as a business opportunity. You may have to take care of the end-of-lease cleaning jobs, look at agreements that are drawn between tenants and the owners of the buildings. Taking care of the utility services like lifts, elevators, common lighting arrangements are also a part of the work that is supposed to be done by these service providers.When you look at this as a business opportunity you can do well provided you know how to look at this as a business opportunity. There is no big investment needed for starting this business and is the same a new real estate agent starts a business. However, success will not be forthcoming immediately and you need to learn it on a step-by-step basis. You should have some basic infrastructure in place. To begin with you should be in a position to collect the rentals and other receivables on behalf of the owners. This might require moving around places. For this purpose it is essential that you have a vehicle of your own. Secondly, you should have a dedicated landline or mobile phone to keep in touch with the necessary persons. Having a space of your own is desirable but to begin with you could start the business from the comfort of your home. A computer with an internet connection will help you to keep abreast with the latest information in this field and also be in touch with the residential owners by mail if there is a need. There is no doubt that with a very small investment or even zero investment you can start building the business. Simple things like good networking skills, good human relationship skills and other such things are very essential for you to move forward and grow in this business. You should be willing to be patient and never except success overnight. Those who have worked hard and shown commitment have certainly made money as property management consultants and service providers.
Though there is money still left on the table for those who wish to make it big as a real estate agent, reaching successful levels is not very easy. Only 10 to 15% of real estate agents are able to make big money and therefore it would be interesting to learn the tricks of the trade from them. First and foremost, you must have certain prerequisites for making it big in this field. You should be above the age of 18 or whatever age that is stipulated in your particular city or geographical location. You should have some basic idea about the rules and regulations governing property management and other aspect related to real estates. Developing contacts and networking with people is extremely important for you to succeed in this business. It takes time and effort and you should be willing to pay the waiting game. If you look for success overnight in business pertaining to broking of either residential or commercial buildings it may not be possible. It is a process that is often painful and excruciating and you must be willing to go through it.As a starting point, before reaching high levels of success as a real estate agent you would do better to work under a big promoter or builder. This will give you the right experience in this huge filed. You have a lot of things to learn. There are many building laws and regulations that you need to understand, there are market dynamics and uncertainties which you need to be aware of and quite a few other things should also be learnt in this business. Apart from helping to bring buyers and sellers of residential and commercial properties in the same platform, you should also not overlook the potential that is available from rentals. In fact it is easier to start seeing money as a real estate agent by looking for customers who need homes or offices on rent. The numbers of such customers are certainly much higher when compared to those who are looking for sale or purchase of properties. Further it is also very important that you should have a good knowledge about the topography of the area where you are planning to work as a real estate agent. This is very important because this will give you the required information about any big buildings or apartments that are coming up in the area. Once you start growing to a certain extent in this field, the next thing is to make your presence felt strongly in this area. This can be done by advertising in the local media or taking part in seminars and other such events where there could be a big congregation of buyers and sellers or properties. At the end of the day, you should adopt a step by step by step approach and never hurry things up. If you are a good learner and a good student of this business there is little doubt that within a period of 5 to 10 years you will be able to reach good levels of success in this business. As mentioned in the beginning there is a lot of money awaiting you provided you know how, when and where to make it.