Blue Water Group Management,LLC | Application Preview
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General Information
Business Registration Number: Blue Water Group Management,LLC
Location: Brooklyn, NY, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
During the coronavirus pandemic period, to keep the cleaning ladies and maintenance handyman around, keep all 11 properties maintenance under good conditions to prepare the busiest season comes when the virus been controlled.
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Business Plan
We started the management business 2/2019 with 2 short term rental properties, at the end of year 2019, we had 9 short term rental properties; We have 11 up to 3/2020 and 3 under renovation(It is stop now of cause because the virus). We plan add 4 properties at least every year. For 2019,, our occupancy rate was 55%. our goal is increase the occupancy rate by 5% every year. By our 5 years plan, get 4 more properties a year will bring us $30,000 more income; by increase 5% of the occupancy rate every year, will bring us average $15,000 a year.
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Self Identified Competition
We are now listing our properties on airbnb. The VRBO, Booking.com and Expedit are other three big site for short term rental. We plan to list our property on all three other sites. It will turn the competitors to our partners.
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Contact Applicant
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