SELLING YOUR RENT ROLL

If you are considering selling your rent roll, we can help you maximise your rent roll’s marketability and potential selling price.

We run a fine-tooth comb through your property management business and provide you with expert advice on the strengths and weaknesses of your business, the things potential buyers look for, and what you can do to ensure you get top dollar for your rent roll.

WHAT IS INVOLVED WHEN SELLING MY RENT ROLL?

In the event you have an interest in selling your business, we are happy to assist with finding your business a buyer, and acting as your broker

This service includes the entire process of selling your business:

  • Marketing Campaign
  • Making and sending expressions of interest
  • Inhouse design of all documents
  • Conducting market valuation where requested
  • Utilising specific rent roll buyers register and database of over 14,000 real estate individuals to market business to
  • Creating a comprehensive sales proposal or IM
  • Gaining NDAs of cofidentiality agreements from all interested parties
  • Overseeing tender process and negotiations
  • Managing sale and transition of portfolio
  • Aiding with staff matters
  • Assisting with assets
  • Creation and administration of Sale and Purchase agreement
  • Organisation of deposit funds via trust account once contract becomes unconditional
  • Providing comprehensivedocumentation package including letters to tenants, owners, creditors, due diligence report/spreadsheet
  • Overseeing retention period and reconciliation of properties
  • Recommendations regarding lawyers, accountants and bank contacts that are experienced with rent roll sales and purchases, and liaising where necessary with them

SALES TIMELINE/PROCESS

First week:

  • Sign listing agreement
  • Commitment Payment
  • Establish sale method
  • Complete business questionnaire
  • Establish best contact person and best form of contact for updates

Second and third week:

  • Creating a comprehensive sales proposal or IM
  • Conduct market valuation where requested
  • Create expressions of interest
  • Establish buyer list

Fourth week:

  • Send Expressions of Interest to buyer list
  • Marketing campaign
  • Utilise rent roll buyers list of 500+ and database of over 14,000 reak estate individuals to market business to
  • Send owner update

Fifth and sixth week:

  • Run tender or negotiation process
  • Gaining NDAs of confidentiality agreements from all interested parties
  • Oversee sale and transition of portfolio
  • Assist with staff matters
  • Send vendor update

Seventh week:

  • Create Sales and Purchase agreement and administration of

Eighth, ninth and tenth week:

  • Satisfy Terms and Conditions followed by payment of deposit
  • Administration of deposit funds via trust account once contract becomes unconditional
  • Complete retention "wash" at the end of the term
  • Provide default letters and documents to assist transfer
  • Send vendor update

11th-14th week:

  • Settlement on first business day of given month
  • Oversee retention period and reconciliation of properties
  • Recommendation regarding lawyers, accountants and banking contacts
  • Send vendor updates

READY TO SELL? REQUEST A CMA

Interested in what your rent roll may be worth in today's market? We can provide a CMA, and assist you in getting your business and rent roll in the right shape to maximise its value and appeal to potential buyers.

To request a CMA, or for interest in selling your rent roll, please fill in the form below and we will be in touch: