Property Management Business (insured/licensed)- Baton Rouge For Sale

Description

Home-based property management business for sale serving real estate investors and rental property owners.

The company handles day-to-day property management for clients who prefer to outsource tenant communication, rent collection, bill payment, maintenance coordination and other routine tasks.

The business is affiliated with a national property management company and uses its software, operating systems and support resources.

Included support

• Property management software
• Back-office support
• Marketing assistance
• Accounting support
• Initial training
• Ongoing corporate support

Current marketing is focused mainly on online advertising and business-to-business networking.

The seller states that prior property management experience is not required. The listing also states that no owner license is needed under the current model, although buyers should independently confirm state and local real estate, property management, trust-account and licensing requirements.

Revenue is generally generated through recurring property management fees and related services. Additional growth would depend on adding property owners and increasing the number of units under management.

Continued use of the national brand, software and corporate systems may be subject to transfer approval and ongoing fees.

Buyers should verify historical financials, current units under management, management agreements, fee structure, owner and tenant retention, customer concentration, security deposits, trust accounts, employee or contractor arrangements, territory rights, corporate fees and transfer requirements during due diligence.