Real Estate Management Company in NW Houston
Listing: # 8276
Price: $ 2,195,000
|Real Estate Price:||$0|
|Down Payment Required:||$2,195,000|
|Total Cash Flow:||$0|
Description and Operations
|Reason for Sale:||Semi-retirement; focusing on acquiring properties for personal portfolio.|
Reason for Sale:
Semi-retirement; focusing on acquiring properties for personal portfolio.
This real estate management company’s mission is to maximize its private investor clients’ returns while minimizing the associated potential headaches. They accomplish this by providing truly end-to-end service: evaluating the Houston market for rental rates; advertising for tenants; showing the property; qualifying potential candidates; collecting and depositing monthly rent payments; and managing tenants on an ongoing basis. Maintenance and repair are performed by a wholly owned, separately managed, for-profit construction company which is included in this listing. The 500 doors it manages yields $9 million in annual rents collected and over $1 million in gross profit. 95% of its clients renew their annual contracts which reduces the risk profile for potential buyers.