This is a Galveston property management company. There are 20 houses and condo’s. Sales have increased every year. Seller is ready to retire. However, he will train the new owner for 3 months to make a smooth transition. This is included in the price. They are members of VRBO which the tenant pays their 10% to 15% fee. There is a 3-day minimum to rent the houses and 2 day minimum for the condos. The tenant pay’s ½ the price up front with a 30-day cancellation period. No exceptions. The Buyer will get any unused deposits at closing. The company gets 25% of the rental plus the admin & booking fee which is $110 per rental. This admin & booking fee is virtually all profit except for an occasional filter for a refrigerator, etc. The maid work and the handyman are contract 1099. All work is charged to the owner of the property. The Buyer should have a Real Estate License. A Very Profitable Business.
|Listing #:||2488||Asking Price:||$495,000|
|Business Type:||Property Management||Sales Volume:||$770,000|
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