Real Estate Property Management Office – Sold
Annual Revenue: $888,397
Industry: Services
Location: Ulster County, New York
The company has been sold; view our other businesses for sale. This is a residential real estate property management business that has generated predictive income for over 10 years. Currently managing more than 75 properties for more than 20 different owners. Units range from single-family homes to 6-family apartments. This office has maintained an excellent reputation based on providing personalized service. This firm offers a full range of services for landlords, from turnkey management services to rental services and maintenance services only. This office has Standard Operating Procedures and documentation developed to succeed in property management. The current owners will offer training and ongoing support. Seller’s business model allows for two separate income sources. The first income stream is from property management; the second is from property maintenance. As the property manager, the Seller collects rent due and deducts their percentage for services and maintenance costs. The balance of collected rents is paid to the owners of each managed property.
The current owner is a motivated seller looking for a semi-retirement.
The buyer DOES need a Real Estate Brokers license to manage this operation. Possibility of operating under the current owner’s license while obtaining an NYS Brokers license (terms to be negotiated, if needed).
The office space is established and is approximately 1000 sq ft. The Seller owns the building. Will offer a favorable lease. The possibility of purchasing the real estate can be discussed with the right buyer. No Franchise fees.
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Listing Details
Training & Support:
Yes
Location
Facilities Information:
1000 sq ft office in Nice location. Owned. With other tenants. Could be included. Will offer favorable lease.
Summary
Potential Growth:
Growth opportunities are to add more clients. Possibility of adding Real Estate Sales Office. Adding more clients on the maintenance side. Expand maintenance work to be done “in-house” and not subcontracted.