Deal ProspectorsMenu
Sign in
Back to all leads

Business Is Available for Unlock!

Create an account to unlock

Residential Property Management Company

Residential property management business generating $3.0M in revenue with $400K in SDE, managing 125 to 130 single-family-heavy doors through a three-person remote team with three diversified revenue streams and an NOI guarantee differentiator.

Business Highlights

  • Residential property management business serving the Houston metro area with approximately 125 to 130 properties under management.
  • Portfolio is roughly 90% single-family homes and 10% townhomes and condos, with exclusive focus on residential.
  • Approximately 15 years of operating history.
  • Brand positioned around a Net Operating Income (NOI) guarantee, a clear differentiator in the property management category.
  • Marketing emphasizes data, AI, and workflow automation to deliver a fully managed Invest and Rest service.
  • Brokerage license also permits commercial activity, providing optional expansion lane.
  • Home-office based with no retail space requirement, keeping overhead low.
  • Team of three independent contractors including an office manager who serves as the primary point of contact for owners.
  • Office manager and team can run day-to-day operations independently, business is structured to operate remotely.
  • International presence already established with an Authorized Representative in Peru.
  • 4.99 out of 5 client rating with 680 completed surveys per public broker profile.
  • Three revenue streams: management fees, leasing commissions, and transaction-based commissions on real estate buy/sell for managed owners.
  • Annual property management fee averages approximately $1,800 per property, billed in January alongside property taxes, HOA dues, and other owner obligations, generating roughly $200K per year.
  • Leasing commissions equal to one month's rent generated each time a property is leased, producing approximately $70K per year at 70 to 75 percent annual turnover.
  • Real estate transaction commissions earn 3% on purchases for managed owners, with the business taking a 30% share of agent commissions on referral leads passed to brokerage agents.
  • Active memberships in National Association of Realtors, Texas Association of Realtors, and Houston Association of Realtors.

Considerations / Questions to Ask

  • What is owner retention rate year over year, and how concentrated is revenue across the top 10 to 20 owner relationships?
  • How transferable is the brokerage license and what state law requirements apply to the buyer (must hold a Texas real estate license or hire a licensed individual)?
  • What does the NOI guarantee actually obligate the company to, and what has historical exposure looked like?
  • What is the structure of the three independent contractor relationships, including pay structure, retention risk, and transferability?
  • How dependent is daily operations on the office manager specifically, and what is the retention plan post-sale?
  • What role does the Peru Authorized Representative play, what does that arrangement contribute to revenue, and is it transferable?
  • What does the property owner contract look like, including renewal cadence and termination terms?
  • What insurance, bonding, and trust account compliance is in place under Texas Real Estate Commission rules?
  • What software stack runs the business (property management, accounting, owner portal) and what are the contract terms?

Opportunities

  • Portfolio is well under what a three-person team can manage. Adding doors through targeted acquisition or marketing has clear room to scale revenue without a proportional cost increase.
  • Commercial property management is permitted under the existing brokerage license but currently untouched, opening an adjacent revenue lane.
  • The NOI guarantee is a strong but underleveraged marketing angle, no paid ads or content program currently builds on it.
  • The 70 to 75 percent annual turnover rate suggests potential to improve tenant retention, lifting owner satisfaction and reducing leasing-side workload.
  • Real estate transaction commissions could be grown by more actively prompting managed owners to buy additional investment properties or list when ready to exit.
  • Referral commission program from passing leads to brokerage agents is functional but could be expanded with more structured agent partnerships.
  • Technology and owner-portal improvements could justify a higher per-property management fee at renewal.
  • International channel via the Peru representative could be formalized to attract foreign investors buying Houston rental properties.
  • Property management businesses are actively rolled up by national and regional acquirers, creating a clear path to a strategic exit at higher multiples for a buyer who grows door count.