With over twenty-five years servicing property owners within the local community the business has built a substantial pipeline of referral based clientele. The founder/owner is retiring. 2017 revenue is currently traveling at $280,000.00 and yearend cash-flow to the owner is estimated to be more than $115,000.00. The Business is a full-service residential property rental firm that only manages long-term leased properties. In addition, the company prides itself in dealing with higher quality tenants that in turn rent for a longer term. The company takes the hassle out of property management so that homeowners can enjoy their investment property without being the landlord. The firm is well known for maximizing rents and shortening vacancies and for the past 7-years running at 98% occupancy. The business is showing steady growth while maintaining approximately 90-100 homes on any given month. The businesses reoccurring revenue is supported through one-year contracts with automatic renewal clauses. The firm’s clients and staff communicate and operate through the most up to date website portal allowing tenants to submit maintenance requests, make rental payments, sign documents online and for the staff to communicate back to its tenants and property owners. The business hours are Monday – Friday 8:30 AM- 5:00 PM. This business does not have repair and maintenance services in-house which is a growth opportunity to increase customer service, revenue, and profit.
This business would appeal to a broad base of purchasers from strategic to financial buyers. Seasoned staff is in place to run the day to day business.This business was recently sold by Viking Mergers & Acquisitions. Please view our other listings or contact us if you are interested in buying or selling a business.