Early Retirement Extreme Forums

Hi, I work in the accounting department of an office that manages condominiums, overseeing over 100 properties and about 10,000 apartments. Our team consists of 4 staff members and 2 owners who handle client interactions directly, while the rest work in the back office.

Studio gets €70 gross annually per property unit for management, plus a 2% fee on the total amount, for any necessary building renovation work, done by other businesses. The office invoices between €500k/€1m per year, with minimal expenses since most tasks are outsourced.
I don't know which is the net profit but I do know that my boss pay himself, as employer position, 100k/net a year.

The condo studio acts as a mediator between condominium owners and service providers, facilitating decision-making among residents. To enter this profession, one must complete a one-year course, and have some "social" skills.

While there are challenges—such as dealing with complaints and being available 24/7—there are also benefits. These include the potential for entrepreneurship, flexible working hours, financial independence, and the development of valuable skills like leadership and networking.


This role is in demand as it involves resolving conflicts and finding solutions for people, and the town I live it's expanding.

I'm curious about this career from an ERE POV, as I’m interested in this philosophy and have applied it to reduce my living costs and get a better balance between work/passions/family/heatlh, etc.

Additionally, while I currently work in this field, I’m considering alternatives like becoming a tattoo artist or sculptor, given my passion for art. I keep these options in mind as potential Plan B for my career.

Here’s your text with corrected grammar and improved clarity:


P.S.: What attracts me most to the career of condominium and property manager, in addition to what has already been mentioned, is that I can, through these repeated interactions, and unfortunately the stress they generate, gradually acquire social skills and leadership abilities. I will develop the capacity to communicate effectively, even in public, to understand and listen to people, and to leave them with the feeling that I have been helpful.
Ideally, my really first goal, is that I want other to feel that they would like to see me again because I made them feel good.

AI is amazing.

A property manager is someone who has been hired by a real estate investor who is receiving enough net income that he/she can afford to pay something else to break up fights and fix toilets.

Henry wrote: ↑

Sun Nov 10, 2024 9:29 am

A property manager is someone who has been hired by a real estate investor

Not really, you can become one and manage condo by yourself here in Italy

Who is paying you to manage the condo? Whether it's the government, a REIT, private equity, or an entrepreneurial owner, you are a line item in someone else's operating expenses. If you are a multi-property owner, and decide to set up Lillo9546 Management Company LLC. you still need to pay yourself, which is admittedly better than paying someone else. If you inherited grandma's condo, I guess it's good for a write off.

Henry wrote: ↑

Mon Nov 11, 2024 7:47 am

Who is paying you to manage the condo? Whether it's the government, a REIT, private equity, or an entrepreneurial owner, you are a line item in someone else's operating expenses. If you are a multi-property owner, and decide to set up Lillo9546 Management Company LLC. you still need to pay yourself, which is admittedly better than paying someone else. If you inherited grandma's condo, I guess it's good for a write off.

yes for sure that's an expense, what do you mean?