Established Wellington rent roll with 308 properties and $757K annual management fee income.
Property management is an ongoing, recurring revenue business model, with income that keeps coming in month after month. The majority of properties are in Wellington City, and letting fees add a substantial second income stream.
• $757,625 annual management fee income, plus GST
• 308 properties across 225 owners
• $69,170 letting fee income, plus GST
• Fixed management fees per property, not commission
• Recurring revenue model with ongoing, repeat income
• Substantial additional income from letting fees
• Runs on PropertyMe, Renti and Tapi software
• Four staff support delivery; owner oversees but does not manage properties
Ideal for an individual, a Wellington agency expanding, a national operator, or a business in the wider property sector looking to diversify or strengthen its value proposition.
Contact Niall Heeran on 027 528 0181. Niall has first-hand experience building, scaling and successfully selling a Wellington property management business, and combines deep industry knowledge with structured transaction processes to help buyers progress with confidence.
Price on Application
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