Large Property Management Company 1,030 Doors In New Mexico For Sale
Large Property Management Company 1,030 Doors in New Mexico
Albuquerque, NM (Bernalillo County)
Seller Financing Available
Asking Price: Best Available Offer
Cash Flow: $685,500
Gross Revenue: $1,580,000
EBITDA: N/A
FF&E: N/A
Inventory: Amount: N/A
Established: 2017
Employees: 32
Business Description
The Company started with a modest 127 personally cultivated rental units in January 2017. By 2019 and early 2020 the Company represented 600 units. Despite terminating two large portfolios due to owner conflicts, the business now manages 236 properties. Those 236 properties represent 1,030 units and house approximately 2,000 tenants.
The Company’s focus is managing condominiums, single-family homes, and apartment buildings with less than 100 units. It also manages HOAs, COAs, vacation rentals, and student housing. As of May 2024, 87 are multi-unit buildings and condos. Those have an Occupancy Rate of 91%.
There are 144 Single-Family Homes or Condos. Those properties currently have a 94% Occupancy Rate.
Commission rates vary from 3.5 to 11% depending on property size, risk assessment, and quality.
Agent: Terie Salinas