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AI Enabled Property Management Software System

Los Angeles, CA

Seller Financing Available

listing image
Cash Flow:$4,984
Established Year:2004
Gross Revenue:$10,592
Listing ID: 2239842Listing provided by BizBuySell
BUSINESS DESCRIPTION

Management Software System

Property Management Software Company that is easy to use and affordable. This software collects all tasks required of property managers into one central dashboard and automates the repetitive aspects including accounting.

The Company’s offering is different from other software companies in that it is built using the newest technology and solves problems that were previously not able to be solved, with the flexibility users need and at price points that are affordable for all investors….from single property owners to REIT portfolios.
By collecting all tasks required of property managers into one central workspace or dashboard, the Company’s software truly can automats the management process: with an intuitive dashboard and a set of features and tools that automate and record all activities, the user can manage residential and all types of commercial properties.

The business model is Service as a Software (SaaS) selling monthly subscriptions which are charged based on the number of units under management. The software also offers pay-per-use features which are charged individually as they are used. Pay per use items are tenant screenings, esign and paid advertising for vacancies and for sale properties. The model is to charge the customer, not the tenant for these services.

NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

DETAILED INFORMATION
Location
Los Angeles, CA
Inventory
Not Included in asking price
Employees
2
Facilities
Virtual - No facilities are included in this transaction.
Competition
There are competitors who use the pricing model of charging tenants for rent collection and other features thus boasting that their software is free to landlords and property managers. In a company survey done in 2014, it was found that tenants generally do not want to rent from managers who charge them for software. The Company makes the case for raising the rent by $4.50 per month for new users of software to cover the cost of the software without the tenant knowing that the rent is actually covering the cost of software.
Growth & Expansion
Beginning in 2022 hundreds of thousands of new rental units (multifamily) were coming on the market every quarter according to Harvard University’s Joint Center for Housing Studies. The majority of these units were in the range we target for SPS customers, C+ through A properties with higher end rents. The market is ripe for fresh new software that can meet their needs, is easy to use and pays for itself.
Financing
Only if the deal structure is right for a highly qualified Buyer.
Support & Training
To ensure a smooth transition and ongoing success the Sellers will work with a buyer/investor for up to 6 months or as negotiated.
Reason for Selling
Continue with other business interest and travel.
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Scott Cunningham
Pronova Partners
Phone Number
Scott Cunningham
Call Phone