AI Enabled Property Management Software System
Relocatable, CA Los Angeles County
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- RE: AI Enabled Property Management Software System
- Contact: Rick Carlson
- License #: 1820673
Quick Facts
| Asking Price: | $0 | |
| Annual Revenue: | $10,592 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $4,984 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2004 | |
| Employees: | 2 | |
| BBN Listing #: | 948058 | |
| Broker Reference #: | 1243 SOFTWARE |
Business Overview:
Property Management Software Company that is easy to use and affordable. This software collects all tasks required of property managers into one central dashboard and automates the repetitive aspects including accounting.
The Company’s offering is different from other software companies in that it is built using the newest technology and solves problems that were previously not able to be solved, with the flexibility users need and at price points that are affordable for all investors….from single property owners to REIT portfolios.
By collecting all tasks required of property managers into one central workspace or dashboard, the Company’s software truly can automats the management process: with an intuitive dashboard and a set of features and tools that automate and record all activities, the user can manage residential and all types of commercial properties.
The business model is Service as a Software (SaaS) selling monthly subscriptions which are charged based on the number of units under management. The software also offers pay-per-use features which are charged individually as they are used. Pay per use items are tenant screenings, esign and paid advertising for vacancies and for sale properties. The model is to charge the customer, not the tenant for these services.
NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
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Property Features and Assets:
Facilities: Virtual - No facilities are included in this transaction.
Market Competition and Expansion:
Competition: There are competitors who use the pricing model of charging tenants for rent collection and other features thus boasting that their software is free to landlords and property managers. In a company survey done in 2014, it was found that tenants generally do not want to rent from managers who charge them for software. The Company makes the case for raising the rent by $4.50 per month for new users of software to cover the cost of the software without the tenant knowing that the rent is actually covering the cost of software.
Growth & Expansion: Beginning in 2022 hundreds of thousands of new rental units (multifamily) were coming on the market every quarter according to Harvard University’s Joint Center for Housing Studies. The majority of these units were in the range we target for SPS customers, C+ through A properties with higher end rents. The market is ripe for fresh new software that can meet their needs, is easy to use and pays for itself.
Reason for Selling:
Continue with other business interest and travel.Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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