7 Most Profitable Businesses With Low Startup Costs In 2020

6.Real Estate/Property Manager

While it is everyone’s desire to run a real estate business, it requires a lot of investment that could run into hundreds of thousands of dollars. But you can still be in the real estate business by operating as a property manager. In fact, you can also operate as a property agent or broker. As soon as you register your business and put the word out in your neighborhood with business cards distributed out, then you’re in business.

As a property agent, you broker the sales or rental of housing and lands as well as shopping malls. You earn a commission when you make a sale or facilitate a rental. Your commission on a property sale could be between $5,000 to $10,000 and that’s a decent income if you’re able to facilitate one sale per month. But as a property manager, you work as the authorized agent of landlords and real estate firms by managing property repairs, facility renovation, and remodeling, as well as collecting checks from tenants.

You can be put in charge of an entire estate when your property managing business has become fairly known in your town or city.