Shelton Real Estate & Development, LLC | Application Preview
Shelton Real Estate & Development, LLC is seeking government grants to acquire rental properties in Cleveland, focusing on providing clean and manageable housing for low-income families, including those with government housing vouchers. The funding will enable the company to begin its operations and address the local need for improved living conditions.
The business plan outlines a goal of starting with a few properties and expanding to several rentals by 2026, while also building a strong reputation for home repairs and upgrades. They have already established relationships with suppliers and secured lines of credit to support their efforts.
The funding request emphasizes their commitment to the community and a desire to create better living environments for families in need. The founders, who have experience in property management, are motivated by their passion for making a difference rather than purely financial gain.
In terms of competition, Shelton Real Estate identifies several local companies that currently dominate the market. However, they believe their competitive edge lies in their personal approach and dedication to maintaining high living standards. Unlike larger entities that may prioritize profit and operate impersonally, Shelton plans to maintain a smaller, more community-focused model, ensuring they know their tenants and prioritize their well-being.
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General Information
Business Registration Number: 87-2987495
Location: Cleveland, OH, United States
Length of Operation: 1 month
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
We wish to start acquiring properties to turn into rentals here in Cleveland, for all income levels (including section 8 and other govt funded housing vouchers). There is a need for clean and manageable living for low-income families and we wish to provide that. This funding will help us get the start we need.
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Business Plan
We see starting with a couple of properties and by 2026 we wish to have several rental properties in Cleveland, as well as an established reputation for interior and exterior home repairs/upgrades. We have already secured suppliers and lines of credit. We are focusing on something bigger than us. We are doing this with the community in mind. As a realtor who has done property management here in Cleveland, I have seen the need for better living situations for low-income families. My husband and I are passionate go-getters who are constantly striving to be the best we can be at whatever we are doing.
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Self Identified Competition
Going by like companies in our area: Equity Star Property Management, as they have a large number of rental properties. Mountain Estates, as they acquire many multi-unit buildings around Cleveland. Window and home exterior companies, as they have their big names to pull business in. My husband and I are not in this for the money, we are in this to make a difference in Cleveland. These big-name home exterior companies continue raising prices, when they are already at top dollar. One of the above named housing providers are too impersonal. The tenants see different faces because the company is so large. The other named housing provider, although they acquire a number of properties, the conditions are worthy of a lawsuit. These are all things we will be doing much differently. We don't want this thing growing so big that we don't know who even works in our office and we certainly don't want poor living conditions to be the reason
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