Startup cost: $500 - $5k

Setup costs for starting a property management side business range from $500 to $5,000. At the minimum end, expenses may include creating a basic website, setting up social media profiles, purchasing business cards, and acquiring essential software for managing properties efficiently. On the higher end, investing in professional website development, advanced property management software, marketing services, and networking events could enhance the business's credibility and growth potential. Recurring expenses might include software subscriptions, marketing campaigns, and association fees. Many online resources suggest that while starting costs can be kept low, there is potential for expenses to increase as the business scales up. To take this side hustle seriously, I would advise budgeting between $500 and $5,000 for a solid start.