How to start a property management company in Cyprus
What the job actually involves, and how MyPropMan removes the infrastructure barrier that keeps most people from taking on their first development.
There is real, ongoing demand in Cyprus for professional communal property management — most developments are still run informally by a resident volunteer, or by a management company keeping the books on spreadsheets. Taking that on properly is a legitimate business. The part that stops most people isn't finding a first client — it's that Law 6(I)/1993 gives a management company a real, specific set of ongoing obligations, and building the systems to meet them has traditionally meant either hiring staff or spending years building your own tools before you could run a single development professionally.
MyPropMan exists to remove that barrier. It's the same infrastructure a large, established management company would build for itself — statements, payment tracking, statutory compliance, owner communication — available to you from your very first client, at the cost of a subscription instead of a back office.
What managing a development actually involves
Four real, recurring responsibilities — this is the job, whether you run it on a spreadsheet or a platform.
Financial management
A financial period for every development (Section 7), payment requests issued to every owner, a real accounts ledger, and monthly statements — automatically, on schedule, for every unit.
Statutory compliance
AGM/EGM timing (§38BB), voting eligibility (Reg. 31), a permanent Decision Register, Table A/B certificates — Law 6(I)/1993 sets out exactly what a management company has to keep track of, for every development it manages.
Owner communication
Every owner expects to see their own balance, their own statements, and a way to raise an issue — not a phone call to your office every time something changes.
Ongoing obligations
Insurance renewals, lift and pool inspection certificates, overdue-account escalation — the things that don’t go away once a development is set up, they recur every month and every year.
Starting costs less than you'd think
The two things that stop most people before they start — neither applies here.
No large financial layout required
No setup fee, no software licence to buy, no office or staff to hire before you can start. It’s a subscription — 30 days free, then billed per unit under management, so cost grows with your business instead of sitting there upfront before you’ve taken a single client.
Full support already in place
You’re not building or troubleshooting this alone. MyPropMan is run by a Cyprus-based team who understand the law it’s built around — support is a phone call away, not a ticket into a different time zone.
Getting started, with MyPropMan
Understand what you’re taking on
Managing even one communal development means owning all four responsibilities above, for as long as you manage it. That’s real, recurring work — the opportunity is genuine, but so is the obligation.
Start a free MyPropMan trial
No setup fee, 30 days free. Create your organisation and you’re ready to add your first development the same day — see the full walkthrough on our tutorial page.
Set up your first development
A guided six-step wizard — details, structure, units, bank accounts, committee, review — has a development fully live in well under an hour, with every §-referenced compliance rule already built in behind it.
Onboard your first client
Once the development is live, owners get their own portal login, statements start generating automatically, and the committee has a real Decision Register from day one — a professional operation from your very first client, not your fiftieth.
See the full six-step setup walkthrough, real screenshots, and the best practices we recommend to every client on our tutorial page.
Start your first development free
30 days free, no setup fee, no commitment. MyPropMan is built and run by P. Peklivana Holdings Limited, for property management in the Republic of Cyprus specifically.