Rarely does a rent roll of such high quality come to the market! We proudly introduce to you an exclusive opportunity to purchase this well established Property Management business which is part of a successful Real Estate operation. The vendor has been serving the local community for many years and has a wonderful reputation with both landlords and tenants alike. The rent roll is available on its own or simply buy the entire business. The vendor is open to all options.
Operating in the Auckland region, the vendor has instructed us to keep the actual location private and information will be provided one a Confidentiality Agreement is signed.
Basic information about the rent roll is as follows and is based on statistics provided to us from March 2018.
- Strong average management fee at 7.17%
- Approximately 240 properties under management
- Average rent in excess of $450 per week
- Occupancy rates running at approximately 98%
- Outstanding arrears management running at under 2%
- Low property to landlord ratio
- Projected contract revenue in excess of $475,000 based on the current rent roll
- Low churn rate with a loyal client base
If you are interested then contact Mike McGarry. We will then send across a Confidentiality Agreement.