register
 
 
business

Is it hard to run a non-profit property management company?

asked by Shaun (24)

You have 50 words left!
 
 
related questions

How do draft a property management contract cancellation letter?

How do I choose a property management company?

How do I get a Tennessee property management license?

What are some good ideas for property management marketing?

What are the normal property management responsibilities?

What is involved in starting a property management company?

Would a property management company help find a tenant for me?

Tags:  business

answers

It is extremely difficult to run any type of property management company. You will need to have some expertise in balancing books (basic accounting), know how to quickly effect home repairs, and have good people skills.

7 votes

A non-profit company is by definition non-profit. While a charitable organization such as a church or private school may manage property, there are few non-profit property management companies.

6 votes

Define Hard. Running any company is difficult. The difficult part for property management is finding new clients and keeping them happy. The second most difficult part is finding managers that are competent and affordable. Even as a non-profit you have to make more than your expenses to stay in business.

6 votes

As long as you set up accounts that show where all expenses are going to you can get away with running about any company as nonprofit. You can pay employees well and use the most quality supplies as long as the net money earned does not result in a profit.

5 votes

Yes it is very hard to run any non-profit. You must dot every I and cross every T. The reward comes in seeing the help you provide to people.

reply
posted by mlucas (510)
5 votes

This depends on so many variables, but the answer is yes. Non-profits have two additional basic challenges for-profits don't have: how to attract and retain high-quality employees for cheap (easier in this economy) and how to measure success in the absence of a monetary bottom-line.

reply
posted by Zoso (866)
5 votes

Report a post on this page as inappropriate
 If you have questions about user content, read our liability disclaimer

  
   
Add your own answer in 50 words or less! Add your comment in 50 words or less!

copyright © 2008 - 2010
conjecture corporation

FAQ About Us Contact Us Terms & Conditions Privacy Policy