There are almost 200,000 property managers across the country," says Kevin Ortner, CEO and president of Bloomington-based Renters Warehouse. But the job "was never really handled like a business or even marketed." This was the opportunity Brenton Hayden saw when he launched Renters Warehouse in 2007.
It was also the challenge. Most residential property management companies were small operations that "treated this like a hobby or side business," Ortner says. Institutionalizing the business was like sailing into uncharted waters. But in time, property owners have seen the advantages of a specialist to handle the chores of managing properties and vetting tenants.
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