Turnkey Property Management Firm
Business Description
Established Property Management Firm - Turnkey Operation in Redding, CA
This well-established property management company, operating since 1998, presents an exceptional opportunity for a broker seeking passive income combined with consistent real estate sales. Located in Redding, CA, this turnkey operation generates $206,000 in annual revenue with $90,000 in seller's discretionary earnings.
Business Highlights:
- 26 years of continuous operation with established customer base
- Absentee owner operation demonstrating strong systems and processes
- Modern digital platform with detailed record keeping
- 50% multi-family property portfolio providing diversified income streams
- Strong market fundamentals: rising rents, low vacancies, high demand
- Annual property inspections minimize deferred maintenance issues
- Owner-occupied building with negotiable lease terms
The business benefits from Redding's growing mid-sized city dynamics, offering small-town feel with urban amenities and abundant recreational opportunities. The streamlined operations make this ideal for a "part-time retiree" looking to fund their lifestyle while maintaining professional income.
Key advantages include the stable Shasta County market environment, established vendor relationships, and comprehensive transition support from the current owner. The seller will provide orientation and transition assistance over a reasonable timeframe to ensure smooth integration.
This represents a rare opportunity to acquire a profitable, systems-dependent property management firm in a desirable Northern California location. The combination of passive management income and real estate sales potential creates multiple revenue streams for the right buyer.
Financing terms are negotiable, and the sale includes all FF&E valued at $10,000 plus inventory. The current owner's reason for selling - increased travel and family commitments - creates an opportunity for a motivated buyer to step into a proven business model.
This well-established property management company, operating since 1998, presents an exceptional opportunity for a broker seeking passive income combined with consistent real estate sales. Located in Redding, CA, this turnkey operation generates $206,000 in annual revenue with $90,000 in seller's discretionary earnings.
Business Highlights:
- 26 years of continuous operation with established customer base
- Absentee owner operation demonstrating strong systems and processes
- Modern digital platform with detailed record keeping
- 50% multi-family property portfolio providing diversified income streams
- Strong market fundamentals: rising rents, low vacancies, high demand
- Annual property inspections minimize deferred maintenance issues
- Owner-occupied building with negotiable lease terms
The business benefits from Redding's growing mid-sized city dynamics, offering small-town feel with urban amenities and abundant recreational opportunities. The streamlined operations make this ideal for a "part-time retiree" looking to fund their lifestyle while maintaining professional income.
Key advantages include the stable Shasta County market environment, established vendor relationships, and comprehensive transition support from the current owner. The seller will provide orientation and transition assistance over a reasonable timeframe to ensure smooth integration.
This represents a rare opportunity to acquire a profitable, systems-dependent property management firm in a desirable Northern California location. The combination of passive management income and real estate sales potential creates multiple revenue streams for the right buyer.
Financing terms are negotiable, and the sale includes all FF&E valued at $10,000 plus inventory. The current owner's reason for selling - increased travel and family commitments - creates an opportunity for a motivated buyer to step into a proven business model.
About the Business
- Years in Operation
- 28
- Employees
- 12 (1 Full-time, 1 Part-time, 10 Contractors)
Lg. term relationships with trades specialists, consistent, timely. - Facilities & Assets
- Professional business space owned by seller. Could relocate elsewhere or lease. 30+ years in Shasta and Tehama County, located downtown, 10% fee, 123 Doors, 60 SFR, 59 Multi-Family, 4 Commercial, currently leased, with 5 vacancies and 68 owners. Digitized payment and repairs portal, Appfolio Software platform for all financial reporting, repairs and maintenance, and rent collections, strong local partnerships for cleaning/maint. providers, owner has grandkids to visit!
- Market Outlook / Competition
- Small Urban center with rural lifestyle, rising rents, strong demand, low vacancies, we inspect annually (little/no deferred maintenance issues).
- Opportunities for Growth
- Growing mid-sized city with steady growth.
About the Sale
- Seller Motivation
- Traveling most of the time, got more grandkids every year, got places to be!
- Transition Support
- Glad to provided transition assistance and orientation of a reasonable time frame of weeks or months.
- Financing Options
- Negotiable terms. Negotiable lease (seller owns building).
Listing Info
- ID
- 2008055
- Listing Views
Listing ID: 2008055 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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