18 Year-Old Property Management – Consistent Truly Recurring Revenue #1875

SOLD!

Details

Business Description

Overview: Most Property Management and Real Estate Professionals will advise you to stay away from HOA Management, but here lies the opportunity – Do it well and charge accordingly. HOAs change managers every few years because they are dissatisfied, but not with this Company. This Company really has figured it out; they have extremely low customer or employee turnover and produce very high profit margins. Company also specializes in Metro-District Management. Selecting the best clients and charging the right fees has taken many years to master. They do have some unique processes that will not be divulged without further qualification of Buyer and with a requirement for confidentiality. Because most of their clients have used many firms before choosing this Company, it would be extremely difficult for competition to take them away. Note that a “high-quality” client is not necessarily determined by the price of the home.

Loyal Seasoned Staff: Employees are well trained and loyal. They can perform their work without supervision. The Owner does not manage any direct accounts. Employees are paid a salary for working a 30 to 40 hour week so they do not get burned out. The contrast here with the competition is significant – the tendency with most firms is to bring on more and more clients and to overload the employees to the point where they can’t satisfy any client – so they eventually quit and another less trained individual comes in and the cycle continues; the industry turn-over is high. A new owner for this business can focus on overall management and strategic business development and leave the customer support to the team.

Real Estate: The business is housed in a residential rental property owned by the Seller. Clients do not visit the office so it can be relocated without issues. The employees do work from the office. The Seller will lease this office space at a fair rate on a month-to-month basis for as long as the Buyer desires, allowing them time to find a more desirable space. This business could be located in a home office or a small commercial suite.

Opportunity for Growth: The Owner has been very focused on creating highly profitable clients, not on increasing the quantity of clients or gross revenues. That said, there are many great prospects in the area as the local growth rate is well above the national average. The Company has secured the largest and most coveted single-family neighborhood portfolio in Northern Colorado. If the desire is to grow the top-line many avenues can be pursued. The Seller is available to assist and consult on a very limited basis and would be willing to perform sales on a commission basis.

Represented by Bill Scott. Tell me more about this business.

Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.