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DealProspect/Listings/Property

West Auckland Property Management Rent Roll

Property Management

ActivePropertyAucklandB2C
Asking price
~$227,583
indicative from comparable listings of this type and size · typically within ±30% · Projected annualised management fee income · NZD
Revenue
$128,585
Indicative · Projected annualised management fee income
Earnings (est.)
~$76,148
Estimated · comparable listings of this type and size · typically within ±30% · from broker forecast
Implied multiple (assumed)
~3.0×
Assumed · estimated price ÷ estimated earnings (as advertised)

Brief

A property management business covering a portfolio concentrated in West Auckland, with landlords and tenants giving it a strong online review rating. Vacancy and arrears are kept low, reflecting a hands-on, well-run book. The client base is loyal, and turnover of managed properties is low. Growth is understood to remain possible from a currently under-scaled portfolio. Rent rolls in this sector are typically valued on management-fee income rather than profit.