This is a Galveston property management company. There are 17 properties. 14 Condos and 3 Houses. Sales have increased every year. The owner 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 a 2-day minimum for the condos. The tenant pays ½ the price upfront 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. The 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:||$685,399|
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