Established in 2004, this Property Management Firm operates throughout the Milwaukee area, offering its services to property investors in various neighborhoods and
communities.
This company provides a range of services, including rent collection, maintenance coordination, violation monitoring, tenant screening, and evictions. The company primarily serves property investors who own duplexes and single-family homes. Currently, they manage 100 units, with additional units in the pipeline. The company operates from a 1,200 sq ft furnished office space, providing a professional environment for conducting operations. The team consists of 1 full-time secretary, 1 office assistant, and 2 on the maintenance team. The seller spends approximately 15 hours per week in the business, providing light oversight and coordinating contractors for unit repairs and renovations, and he has offered a training period of 6 months to 1 year, ensuring a smooth transition of operations to the new owner.
An attractive opportunity for individuals or firms looking to enter or expand their presence in the property management industry in Milwaukee. As part of the seller’s divestment strategy, they are looking for a successor to assume operations. This presents an opportunity for an aspiring entrepreneur or an existing property management firm to acquire an established business with a solid client base.
There are several growth opportunities for the potential buyer, including increasing the number of rental units under management, investing in additional units outside of the current investor pool, and implementing a marketing strategy. These avenues present the potential for expanding the business and increasing its profitability.
