Stable 196 Property Rent Roll Opportunity

Operating for over 7 years under the same ownership and mostly original team, this specialist property management business was created to fill a clear gap in the market, offering property management services only with a simple fixed-fee structure of 8.13% + GST on rental income and no additional charges.

The business has grown steadily over the years, building a strong and loyal rent roll of 196 managed properties across 111 owners. A capable team of experienced property managers, supported by a full-time remote administrator, delivers a professional and efficient service while maintaining strong client relationships.

Operating as a mobile, office-free model, the business goes directly to clients, keeping overheads low while providing an end-to-end property management service, from initial landlord advice through to ongoing tenancy and property management.

The portfolio benefits from a stable rental market, consistent investor demand and attractive rental returns. Proven systems and processes make the business easy to operate, scalable and well positioned for future growth.

Key Highlights

• Managed properties: 196
• Number of owners: 111
• Average residential weekly rent: $435.30
• Average management fee: 8.13%
• Arrears (6 days or more): 3.06%
• Vacancy rate: 4.11%
• All-inclusive management fee
• Simple, scalable systems
• Strong long-term rental demand

 
This is an ideal acquisition for an owner-operator, or an existing agency seeking to expand through a well-established, streamlined rent roll with proven performance and growth potential – this could be perfect for out-of-town buyers from Auckland, Wellington and everywhere inbetween who want reach, growth and cash flow while centralising the admin and accounts.

How are Rent Rolls Valued? 

Rent rolls and property management businesses are typically valued based on projected annualised management fee income, rather than EBITDA. This approach highlights the strong potential for capital growth, making these businesses particularly attractive to Purchasers. For further details on rent roll valuations, please contact the broker listed below. 

Mike Munro, +64 22 123 4144, mike@hamishturner.co.nz

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