What is the average profit margin for property management companies?

I know it depends... I see quite a few property management companies with revenues in the millions, It seems likely that you would have high revenues with low profit margins, just curious.What is the average profit margin for property management companies?
You are correct, it all depends on the specific company and its size. It can range from highly profitable to a money losing operation. Most larger companies try for a profit of 20-25% of gross revenues after all expenses, incl. G%26amp;A, salaries, advertising, etc.



But a little 1-man company may try to keep all of his expenses in the 20-25% range and his gross profit and earnings then would be in the 75-80% range for his labor and efforts.