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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.AppFolio, the property management software, is used to centralize tenant, vendor, and owner communications, manage vendor information (contact info, licensing info, insurance documents, etc.), and owner information, and handle all the rental property accounting.The growing need for housing and subsequent shortages in Albuquerque and surrounding areas are fueling the Company’s growth.The operation employs 27 full-time people (does not include virtual assistants) plus the Seller, and up to four seasonal helpers as needed. There are 7 property managers, 17 maintenance staff, and 2 administrators in office administrators, 1 Office Manager, and 2 Virtual Assistants.NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
This public relations agency is an integrated communications and marketing firm that specializes in the space and deep tech sectors. Based in the southwest United States and supporting accounts globally,it operates across the government, commercial enterprise, and entrepreneurial ecosystems, connecting these communities within the space industry to each other and audience targets to strengthen brand visibility and reputation,foster strategic partnerships, attract talent, increase funding, advance sales,and accelerate growth. Â
The sale price includes equipment assets. This full-service parking lot maintenance company virtually has no organized competition. Almost every building has a parking lot and parking lots deteriorate especially if they are not properly maintained. We have solved this problem. The demand for our services is very high. In fact, large property managers as well as well-known national chains seek us out for our services. We contract with these organizations to bring them professionally managed services like proprietary line striping, asphalt repair, sealcoating, and crack-filling. Our proprietary products and services extend the life of a parking lot double what traditional maintenance programs provide. In addition, our maintained parking lots make our customers building really stand out. Because of this we have excellent reoccurring revenue. Services we offer include: custom stenciling (branding), power washing and parking lot accessory installation such as speed bumps, parking blocks, signs and more. Virtually all public and private property owners and managers with existing asphalt assets require these services regularly. We also provide interior floor coating applications for safety lines, slip resistant and protective epoxy floor coatings in industrial centers. Our service team has the ability to work 24/7 for emergency work orders. Many of our products are patented which provides us excellent margins and profitability. The quality of our products is far superior to what is available on the open market. This drives the demand for our services even higher. This business can be run semi-passively and managed through a general manager. Included in this sale is FF&E, inventories as well as extensive training and ongoing support. Contact John for detailed information about this business. Please use reply to this ad button to contact us.
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