Question by  Shaun (25)

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


Answer by  ZackRoca04 (12)

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.


Answer by  tamarawilhite (17883)

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.


Answer by  Cecilia (2828)

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.


Answer by  melissa23 (1002)

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.


Answer by  mlucas (515)

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.


Answer by  Zoso (869)

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.

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