Turnkey Orange County Residential Property Management Business
Business Description
High profit margins, 100% work from home
This is a rare opportunity to purchase a highly profitable, turnkey residential property management company with over 200 doors in Orange County. Just expanded into San Diego County last year and doing great! Owner is very meticulous (former CPA) and only takes on well-maintained properties with good landlords and easy tenants unlike other property management companies who will accept junk properties with difficult tenants. Company has experienced 15-20% annual growth each of the past 5 years and is projected to continue this trend with existing marketing methods. Extremely strong reviews cultivated over years on major platforms allows this business to thrive on autopilot bringing in new landlord clientele weekly. Currently using Buildium as the property management software. All rents are paid via tenant online portal, no physical checks. Company is paperless and strives for efficiency in all processes.
Owner works 5-10 hours a week from home and is selling because moving out of state. Company currently has 4 contractors handling various tasks ranging from showing properties to tenants, meeting with new landlord clients, move in/move out inspections, drafting lease contracts, reviewing applications, paying repair vendors, and more. Owner handles rent disbursements and repair issues beyond normal day to day type (such as water leak remediation, etc)
Owner is looking for a buyer that is either already experienced in property management to add to existing portfolio or an extremely detail oriented individual looking to get into property management for the first time.
Owner works 5-10 hours a week from home and is selling because moving out of state. Company currently has 4 contractors handling various tasks ranging from showing properties to tenants, meeting with new landlord clients, move in/move out inspections, drafting lease contracts, reviewing applications, paying repair vendors, and more. Owner handles rent disbursements and repair issues beyond normal day to day type (such as water leak remediation, etc)
Owner is looking for a buyer that is either already experienced in property management to add to existing portfolio or an extremely detail oriented individual looking to get into property management for the first time.
About the Business
- Years in Operation
- 15
- Employees
- 4 (4 Contractors)
- Currently Home Based
- Yes
- Facilities & Assets
- This business is home-based and uses a virtual office address for mail delivery only. Can operate this business remotely from anywhere.
- Market Outlook / Competition
- Company has very high ratings on major review platforms that bring in new landlord clients weekly.
- Opportunities for Growth
- Our revenue and EBITDA has been growing steadily at about 15-20% per year on autopilot and continues to do so. A new owner could add real estate sales since we currently refer away all sales. This could add another $50-100K bottom line profit per year.
About the Sale
- Seller Motivation
- Business owner is moving out of state.
- Transition Support
- Will offer 30 days training but can offer an additional 60 days training for compensation.
- Financing Options
- Cash purchase preferred
Listing Info
- ID
- 2416591
- Listing Views
Listing ID: 2416591 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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