Property Management Company in Western Florida
Off-MarketTampa Bay, FL
Property Management Company In Western Florida
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$1,400,000
$600,000
42.9%
2006
Past Month
Customers
The property management company manages approximately 1,000 apartment units, 500,000+ square feet of industrial space, 500,000 square feet of office/retail/mixed-use properties, marinas, and mobile home parks. The diverse portfolio spans across Florida with the majority of properties located in the Tampa Bay area.
Customer Acquisition
The property management company has grown entirely organically through client referrals from a brokerage business owned by the husband/wife team. The company has never advertised or conducted any paid marketing for management services.
Team
The company has three on-site managers for larger properties, one floating manager for smaller complexes, three full-time maintenance staff, and one floating maintenance person. On-site employees are assigned to larger properties such as 100,000+ square foot office buildings and 100+ unit apartment complexes.
Owner's Role
Serves as CEO of the business and is actively involved in day-to-day operations full-time.
Reason for Selling
Husband and wife who own two businesses: a property management company and a real estate brokerage. The wife manages the property management company and is looking to retire. She is willing to stay on board for a number of years if required.
Contracts
Approximately 99% of management contracts are structured for one-year terms, with occasional three-year contracts offered. The client base is highly sticky, with many clients remaining for 15 to 20+ years.
Real Estate
The company operates from a dedicated office owned by the owners and leased back to the management company.
When Are You Looking to Sell
ASAP
Licenses Required
A Florida broker's license is required to operate the property management company.
Business ID: 1911
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