Opportunity to buy a property management business in Portugal that currently runs 40 residential properties.
The company provides property management services for short to long-term renting of privately owned apartments and villas. Right now it manages 40 residential properties and offers concierge and laundry services to its tenants. The portfolio of services includes property marketing, cleaning and maintenance, concierge services, laundry, breakfast and tour booking, airport pick-ups, delivery, and many more.
The property management business for sale manages all aspects of the rental operation from finding clients to maintaining the property and manage their stay. The majority of services are outsourced to 2 other facility management firms. There is a fully operating website where clients can contact the company. The company charges a percentage of the rent as a commission from the property owner for offering its services. In the period of Covid-19 lockdown, there was a drop in sales, however, the numbers are expected to normalize in the nearest time.