An opportunity exists to acquire this well-established Property Management Company, whose portfolio consists of single contract, condominiums, townhomes and homes – no Strata Corporations, and has operated successfully in the Lower Mainland BC, for over 30 years. Of note – is that a significant proportion of their revenue, comes from higher profit, furnished units.
This is an excellent opportunity to acquire a turn-key operation with existing staff and management in place, along with an owner-operator that is willing to stay on for an extended period –potentially making this opportunity accessible to non-licensed investors.
– The Business is a full-service property management company in the Lower Mainland. They deal with everything including, marketing of properties monthly, yearly furnished and unfurnished, vetting potential tenants to ongoing inspections and general repairs, housekeeping and maintenance.
– They represent the property owner in all transactions with the tenant, the building’s property management company, and with insurance companies in the event of a claim.
– Year after year, the business continues to perform strongly – with Revenues of $600,000+ per annum.
|Year End Sept 30||2019||2020|