Contra Costa County, CA Property Management Businesses For Sale

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Established and Successful Property Management firm
$99,000 Cash Flow: $51,000
Established and Successful Property Management firm

Contra Costa County, CA

Established in 1974, this “portfolio style” full service property management (that some would describe as Asset Management) has annual rents totaling over $1.3 million. The portfolio has a good mix of residential properties and some client relationships going back to the 1980's. Reoccurring monthly income is made up of management fees, leasing fees and 100% of collected late fees. Accounting and database integrates with their telephones using industry specific and world class internet based Rent Manager software. The seller has maintained Realtor memberships and uses Realtor forms for management agreements and rental/lease agreements. Company has a strong website and social media presence! Located in the quaint downtown area of a historic East Bay city, the office contains approximately 500 sq. ft. of space, and is on a month to month tenancy. A long term lease can easily be obtained by the landlord if desired. Rent is an affordable $425 per month. Sales have been consistent with the last three years averaging $109K and earnings of $51K. In addition to the seller, there is one part time (24 hours per week) office administrator who can run the business while the owner is out of the office. This opportunity is ideal for an existing property management company looking to add clients or another location or an existing realtor looking to get into property management in addition to real estate sales. A solid background in real estate and/or property management is required. Opportunity for additional revenue on repairs and maintenance! The seller is looking to relocate out of state and is willing to sign a non-compete agreement. List price is $99,000 which includes the Corporate BRE license and furniture, fixtures, and equipment. Please contact Ron Schwab at 925.304.2175 or email for additional information.

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