Property Management Company

Property Management Company

Great Loyal Clients with Repeat Revenue

Description: http://imavex.vo.llnwd.net/o18/clients/fixedfee/images/medical.jpgIndianapolis
Listing Number:
 2381

Financial Information

Asking Price: $145,000 
Real Estate: Leased Space
Gross Revenues: $125,599
Cash Flow: $71,812

Business Description

This full-service property management company was launched in 2008 and currently manages 100 properties.  The properties are mostly single family residences located in Indianapolis.  The business utilizes a network of independent contractors that processes applications, manages collections, lease renewals, apartment showings, maintenance, and accounting.  The owner focuses on overseeing the maintenance of the properties and communicating with the property owners.  Most of the properties are on contracts running through 2017.  
 
This is an excellent add-on opportunity for another property management company with many synergies that could reduce expenses.  A real estate broker license is recommened to purchase this business.

 

General Information

Facilities: The business operates out of a home office of the owner.  Contractors and clients visit the office.

Growth & Expansion: The business has grown only through word-of-mouth.  There is no shortage of property owners.

Employees: There are two main independent contractors with a network of others as needed.

Financing: The seller is willing to financing a portion of the purchse price.

Support & Training: The seller will provide necessary support and training.

Reason Selling: Other business interests

Contact Information

Contact: Troy Frank
Phone: 317-333-6655 x 101

 

Indiana Equity Brokers
5750 Castle Creek Parkway, Suite 275, Indianapolis, IN 46250
Tel: 317-333-6655     Fax: 317-333-6654
info@indianaequitybrokers.com

 

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