Operating a property management company requires more than good communication and management skills. To be competitive, companies must have a sound infrastructure, strategic direction, and sufficient resources to achieve success. This report offers comprehensive guidance on all aspects of developing a successful property management business, and includes detailed coverage of: Strategies for successful staffing and company organization Components of a management proposal How to maintain ethical practices and professional standards Owner's evaluation and selection of a firm Leasing commissions and other financial incentives Steps for managing new accounts and expanding business profitability