Erie Premier Properties | Application Preview
Erie Premier Properties is seeking government grants to cover down payments and closing costs for 3 to 5 properties. The applicant has 15 years of property management experience and owns two properties, focusing on a 'buy and hold' strategy to generate income. The goal is to use the revenue from the properties to scale the business and repay any incurred debts.
The applicant emphasizes their experience, time commitment, and motivation as key factors for success, noting the lack of funding as a barrier to growth. They express confidence that with the right financial support, they can create a profitable and self-sustaining venture, drawing inspiration from their boss who has successfully built a similar business.
In terms of competition, the only known competitor is RTC Property Management, which is currently not acquiring new properties. The applicant believes their compassionate and responsive approach to tenant issues provides a competitive advantage in an area where such qualities are rare among landlords.
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General Information
Business Registration Number: 84-3966333
Location: Erie, PA, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
Down-payment and closing costs for 3 to 5 properties to get started.
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Business Plan
I have worked as a property manager for 15 years and own 2 properties of my own. My expertise is in 'buy and hold' properties. The plan is to build an income from the properties obtained from the grants/loans and use the money coming in to scale the business and repay any debts accrued. I have experience, time and motivation to really go at this venture hard but limited access to funding. With the proper funding, I believe we can build this into something that earns good money and perpetuates its own growth. I have observed my boss do it for years and have done it with my own properties as well.
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Self Identified Competition
My boss (RTC Property Management) is the only competitor in my area I'm aware of. However, she is not currently buying new properties. I am a compassionate landlord and very responsive to complaints involving any of the apartments I service. I have heard complaints from many people that that isn't so common with landlords in my area.
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Contact Applicant
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