0800 REAL IQ

SOLD Auckland

sorry this rent roll has now sold

  • Great injection of cash flow for well-established Property Management company
  • Ideal for any Property Managers looking to start up their own business

Opportunities like this do not come by often. Owned and operated by a dedicated Property Manager, this rent roll has now become available and will surely not last. The rent roll has been established for a number of years with a small but loyal client base. At the time of the appraisal, the main facts of the rent roll are as follows.

  • Estimated annual management fee of approximately $80,000
  • 48 managements at a property to landlord ratio of 1.65
  • Portfolio located mainly around central and southern suburbs
  • Average rent of $504 per week
  • Average management fee of 6.49%
  • Additional potential income of approximately $12,000 per annum
  • Arrears below industry standard

Please note: This is not a registered company and the portfolio is managed without using a Property Management Trust Account Software package. We advise any prospective purchaser that they undertake their own due diligence.

More details will be made available on the signing of a Confidentiality Agreement. For expressions of interest, please contact Mike McGarry. Email mike@realiq.nz or call 021 982 549