@reasoning logic,
When I started, I was a salesperson.. I honestly viewed Property Management wrong.
There is so much to it and I do not know if it varies from Country to Country but in short....
Here. You have to have a license "Business Diploma" or someone has to manage the Trust Account.
Each new listing "here" is worth at least $500 up to $900 to advertise and let out, then a monthly fee of $80 - $100 pending price of the rental..
So, with 40 properties as an example, you will achieve $3500 - $4000 a month.
Then on top there is re-let fees, new lease fees as per $500 - $900 and if you have a sales license as well, obviously commission, so $5000 - $8000 ..
In addition here, you can sell your rent roll. So 40 properties ie) would sell for 2.4% of the turnover per year so for instance $100 is $1200 a month, x 2.4 x the amount of properties .. Good superannuation.
I love doing both and I am on a mission now
You do have to handle maintance problems, tenants complaints, landlords requirements, have a system set up for legislation.. do quarterly inspections, know which is the "right tenant to put in and the wrong" etc, etc. It's not easy but it's not hard if you have smarts and for 40 properties as an example it's probably 15hrs a week work.
Food for thought?
I can PM you my company if you want to look at it, I add "accessories makeovers" for free and other stuff... ensuring that the picture tells the story, pends on how far you want to take it.