Residential Property Management & Realty.
This very successful residential property management, real estate sales, and vacation property rental focused company has a reputation for integrity and has been serving Southern California for the last 45 years. They currently manage approximately 51 properties with 121 doors and have one of the best retention rates in the area. This is a net monthly positive cash flow business with no accounts receivable. Rents are collected in advance and management fees are paid from the rentals. Their website is one of their main marketing tools in addition to their large satisfied customer referral base.
Professional management services such as rent collection, bill payment, mortgage payment, prospective tenant screening, property maintenance, building rehabilitation, tenant evictions, computerized monthly statements, and periodic property inspections have helped to establish the company’s full service reputation and its successful retention rate of its customers.
The company’s professional real estate services side of the business is comprised of residential sales and vacation rentals enhanced by a premier location with heavy foot traffic. The residential sales portion of the business has consistently represented approximately 25% of total gross sales year to year and is steadily increasing. The company’s strong reputation in residential sales, property management, and vacation rentals in the community brings the company sales opportunities that many realtors do not see because they do not actively manage and rent properties.
The seller is extremely knowledgeable about the marketplace and feels strongly that the company’s 45 years of success can be leveraged to gain the trust of new customers more easily than a newer firm. They feel that the company name and model offers a great opportunity to a buyer to expand to other similar beach communities successfully. The seller can stay on with the company as a commissioned sales agent helping to ensure the same or larger volume in annual residential sales. They are also interested in help the buyer to retain existing clients and obtain new ones.
Disclaimer: The information above was furnished by the seller. Broker or its agents have not verified the information and makes no representations as to its accuracy or reliability.
Asking Price $750,000
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Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.