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Property Manager

Lease apartments, make repairs and set your own schedule as a property manager.

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Business At A Glance

Property Manager

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Residential and commercial property managers are busy people because they have lots of work to do on behalf of their clients. These duties often include preparing annual management plans; preparing budgets and monthly financial statements; maintaining good tenant-owner relations; organizing tradespeople to conduct repairs; negotiating, preparing, and executing leases; and managing deposit accounts, just for starters!
 
Running a property management service is ideal for people with a real estate background, project management experience, construction management experience, or a property administration background. However, anyone can start this venture on a small or part-time basis and gain valuable on-the-job experience, which can be leveraged to grow the business.You may want to look into property management training and certification programs, which can be a wise investment especially for people who want to make a career of property management. Fees vary depending on the property being managed and the services provided, but you can expect to earn in the range of $25 to $40 per hour.

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Home Products & Services

Fireplace Installations

Homeowners will cozy up to this installation service.

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Business At A Glance

Fireplace Installations

Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Wood-burning, gas, and alternative fuels – you can sell and install all of these types of home fireplaces if you are considering starting a fireplace sales and installation business. The best way to operate and market this kind of new business venture is with the assistance of a fully operational fireplace showroom.
 
There are hundreds of fireplace options, mantel options and fireplace accessories options for homeowners to choose from, and a retail showroom is the best way to display these products and build customer interest. Consideration for this type of retail and installation business include business location, qualified installation staff, and liability insurance, just to mention a few. Be sure to utilize home and garden trade shows for exhibiting purposes, as they are wonderful forums for collecting qualified sales leads. The profit potential will greatly vary for a fireplace sales and installation business. However, there should be no problems maintaining profit margins of 25 to 35 percent on all retail sale. Fireplace installation rates are currently in the range of $35 to $60 per hour, all of which adds up to a potentially profitable business opportunity for the resourceful entrepreneur who is prepared to work hard

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Home Products & Services

Reinvigorate people’s homes with a renovation service.

Reinvigorate people’s homes with a renovation service.

Entrepreneur

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Business At A Glance

Reinvigorate people’s homes with a renovation service.

Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Capitalize on your carpentry andconstruction skills and cash in on the ever growing multibillion-dollarhome improvement industry by starting your own renovation service.Small additions, basement remodels, carport conversions, painting anddrywall, fencing, siding, and general cosmetic changes all fall underthe umbrella of home renovations.

You can keep your start-up costs to aminimum by renting more expensive tools and equipment on an as-neededbasis, and buy these items from the profits you earn. You will need tobrush up on your estimating skills, so calling other renovationcontractors in you area and asking about costs for the variousimprovement service they offer is a good way to get handle on thecompetition’s pricing. Skills that you may lack can be contracted outto qualified tradespeople, especially the more specialized work liketile flooring, electrical and plumbing, and insulating. Qualityworkmanship and reliability are essential to prosper in this industry,as it is not uncommon for top renovation companies to do strictlyrepeat and referral business, without the aid of any advertising.

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Home Products & Services

Roof Repair

Not afraid of heights? Help homeowners fix their roofs.

Entrepreneur

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Business At A Glance

Roof Repair

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

The prerequisite for selling roof-repair services is obvious; you needto know how to repair all or most types of roofing’asphalt, cedar,tile, steel, torch-on, and tar and gravel. Although this may sound likea major requirement, in fact it is not. Just about anyone with basiccarpentry and construction skills can quickly learn how to repairroofs.

You will, however, need proper equipment to ensure quality andeffective repairs as well as safety. The best way to spread the word toresidential homeowners about your roof-repair services is through printadvertisements, both in the classified section of your local newspaperunder Trades, and by placing ads in your local Yellow Pages directory.You can also join home-repair referral services if they are availablein your community. The best way to reach commercial customers is tocontact them directly by telephone, letter, personal visit, or allthree. These include landlords, property managers, roofing companiesthat only provide reroofing services and not repair services, and otherrenovation companies that do not repair roofs. It is also a good ideato establish alliances with businesses and individuals who can referyour service to their clients, including realtors, property inspectors,and painters.

The Market

Potential customers can be divided into two camps’residentialhomeowners, and commercial property owners, managers, and renters.

Needed Equipment

Tools and equipment include basic hand tools, an assortment ofextension ladders, roof jacks, safety harnesses, and reliabletransportation.

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