Property Management in Galveston, Texas 0 5 0 0
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Executive Summary

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
Location: Galveston Down Payment: $495,000
Business Type: Property Management Sales Volume: $685,399
Discretionary Earnings: $177,098

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The information contained herein has been obtained from the Seller and other sources deemed to be reliable. No representation is made by Del Lingco International regarding the accuracy or completeness of this data.

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