STR Property Management and Cleaning Businesses for Sale

Salt Lake City, UT
listing image
Asking Price:$299,995
Established Year:2020
Inventory:$1,500
BUSINESS DESCRIPTION

Elevate STR Solutions provides Property Management for Short Term Rentals: house, duplex, multi-plex, apartment, condominium, houseboat and more!

Property managers are fielding greater interest from renters in properties that provide increased indoor and outdoor space at more affordable price points.

Oh!CD is a cleaning business specializing in servicing STR Solutions Properties in Idaho and Florida as well as other home cleaning services.

Purchase both businesses together for $300K or Individually: Elevate STR for $125K and Oh!CD for $225K!

BUSINESS VALUE INCLUDES:

-Goodwill:
3-year Established STR Business!
Managing properties in Idaho, Utah and Florida
Growing and dynamic industry
1-year cleaning business for STR Properties!
Oh!CD is contracted for STR Properties in Florida and Idaho and could contract in Utah after purchase!

-Elevate STR Revenue Streams: All STR Account located in Salt Lake County Utah
2023: Net $25K
2024: Net $24K through August
--15 clients property management
--1 client - FULL Listing Management
--Property Caretaking
--Guest Relations
--Co-hosting Management

-Oh!CD Revenue Streams:
2024: $50K revenue (Florida & Idaho)
STR Rental cleaning - All Elevate STR cleaning contracts located in Idaho
--New Utah contract possible after purchase (Additional $8K monthly)
Residential Cleaning

-Employees:
5 1099 employees in Idaho
Need to hire for Florida

-STR Industry Trends:
Increased interest in single-family rentals
Consolidation in the Property Management Industry
Competitive opportunity to grow through client acquisition
Heightened regulatory risk for owners, requiring expert management services
The Value of experienced property managers is on the rise
7.19% average industry growth rate over past 5 years

-Property Management Tips:
Great Service, Great Reviews, High Occupancy
Know Your Tax Laws
Be a Budget Boss
Keep the Property Well Maintained
Charge Competitive Rates
Be Energy Efficient
Create a stand-out listing
Leverage technology

-Revenue Channels:
Short term residential rentals- All STR accounts located in Salt Lake County, Utah
VRBO & AirBnBs
Independent rental owners
$5K+ Net monthly income working part-time with wait list of new clients to take on.
-5 current properties under management (4 Utah / 1 Idaho)
-6 current properties under Coordination (4 Utah / 2 Idaho)

Your AirBnB and VRBO property manager specialist.

Contact us for more info...this business will not last long!


DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Employees
1
Facilities
Home Based / relocatable. $1500 assets in linens.
Competition
By staying informed and adaptable, short-term rental owners and managers can ensure their rentals remain competitive and successful in this dynamic market. Owning the cleaning business in addition to the Property Management business will greatly increase profits!
Growth & Expansion
The short-term rental industry is still in its early stages but is poised for continued growth and change in 2023 and beyond. Currently functioning in 3 states but scalable. Oh!CD is currently contracted to clean Elevate STR rentals in Idaho & Florida, but could add Utah properties with purchase of both businesses.
Support & Training
Full Transition: Technical and Business Training available. Long-term (1-2 years) is negotiable with an employment contract.
Home-Based
This business is Home-Based
Report an Issue with this listing
profile-img
Michael
Westover
logo-img
Michael Westover