Home-based, Turnkey Property Management Firm In Lafayette For Sale

Description

Established home-based property management business for sale.

The company primarily manages residential investment properties for owners who prefer to outsource day-to-day management.

Services and support

• Property management
• Rent collection and administrative support
• Maintenance coordination
• Property management software
• Marketing and accounting support
• Initial training and ongoing corporate support

The business is affiliated with a national property management company and receives some accounts through that network.

Marketing currently relies mainly on online advertising and business-to-business networking.

The seller states that the business generates recurring management revenue from properties already under management. Additional growth would depend on adding property owners and increasing the number of units managed.

The listing states that prior property management experience is not required and that the current structure does not require the owner to hold a license. Buyers should independently verify state and local real estate, property management, trust-account and licensing requirements, as these vary by jurisdiction and by the activities performed.

Continued use of the national brand, software, corporate services and national accounts may be subject to franchisor or corporate approval and applicable transfer terms.

Buyers should verify historical financials, number of units under management, management fees, owner and tenant contracts, customer concentration, retention rates, security deposits and trust accounts, employee or contractor arrangements, franchise or corporate fees, territory rights and the transferability of existing management agreements during due diligence.