Licensed And Insured Property Management Firm In Boston For Sale

Description

Home-based property management business for sale serving primarily real estate investors who outsource the day-to-day management of their rental properties.

Services

• Tenant and property management
• Rent collection
• Vendor and maintenance coordination
• Bill and property expense administration
• Owner reporting
• Additional services available through the franchise system

Operating model

The business can be operated from a home office and uses dedicated property-management software for routine administrative work.

Customer acquisition currently comes primarily from online marketing and business-to-business networking. The business is also associated with a national property-management brand that may provide referrals or national accounts.

Support included

• Property-management technology
• Marketing support
• Accounting and back-office support
• Initial training
• Ongoing corporate support

The seller states that prior real estate or property-management experience is not required under the current model.

Growth

• Add investor clients
• Increase the number of units under management
• Develop relationships with real estate agents and investors
• Increase online lead generation
• Add staff as the managed portfolio grows

Licensing and franchise transfer

The seller states that no license is required for the buyer under the current operating structure. Buyers should independently confirm Massachusetts licensing, trust-account, leasing, brokerage and property-management requirements based on the exact services provided.

Continued operation under the national brand will also be subject to franchisor approval and applicable transfer requirements.

Due diligence

Buyers should verify historical financials, number of units under management, management fees, client concentration, contract terms, owner and tenant deposits, software costs, franchise royalties, marketing fees, national-account arrangements and cancellation rates before closing.