1. Meet
2. Manage
Meet with our Managing Partner, Gage, to discuss your financial goals. Our team will create a personalized plan to maximize your investment.
Let our team of experts manage the day to day operations of your investment. Based on national averages, it requires 4 hours a week to effictively manage a residential unit.
3. Maximize
4. Multiply
Let our team earn the highest returns possible through effective/proactive management (avg increased earnings by 15%).
Last year, our team located over 250 units to help our clients grow their portfolio.
We Manage properties at all sizes
At AJ Property Management, we pride ourselves on our ability to expertly manage properties of all sizes. Whether you’re looking to manage a single family home or large multifamily development, our experience team tailors solution to meet your needs.
1-50 Units: Personalized Attention for Every Property
We understand that smaller properties require a more hands-on approach. Our team provides personalized care for each unit, ensuring every tenant feels at home while maintaining the property to the highest standards. Whether you’re a first-time landlord or an experienced investor, we’ll make sure your property runs smoothly.
50-150 Units: Efficient Systems, Outstanding Service
As your property portfolio grows, so does the complexity. Our team excels at managing mid-sized properties with efficiency, offering customized solutions for maintenance, tenant relations, and budgeting. We ensure your property thrives while maximizing your investment potential.
200+ Units: Scalable Management for Large Communities
Managing larger properties requires a strategic approach. With experience in handling large-scale buildings, we bring proven processes and cutting-edge technology to ensure seamless operations. From advanced maintenance tracking to comprehensive tenant communication, we’ve got every detail covered.
Our Recent Success Stories
1. Keystone Apartments
- Our team acquired a 60-unit apartment in Brandon, SD in mid 2024
- Reduced vacancy to less than 4.2%
- Increased average rents by 20% and reduced operating costs by 12%
- Increased overall NOI by 26%
- Property Value increased by $1,222,000 in 8 months (@ a 7% CAP Rate)
- $900,000+ Net Gain after construction costs
2. The Sanford Apartment Project
- Took over management for a 16-unit apartment near Sanford in Mid 2022
- Increased rents by ~$100 per unit (22% average increase) + laundry income by 26%
- In-house construction team updated serveral units + common area
- Reduced maintenance, utility, and vendor costs by 12%
- Overall Revenue increased by $31,290
- Overall costs reduced by ($8.230)
- Property Value increase in 8 months $658,666.67 (@ a 6% CAP Rate)
3. The Hartford Apartment Project
- Took over management for a 18-unit apartment in Hartford near the Middle school
- Our team removed trouble tenants without evictions (cost savings for the owner), increased rents to market, and renovated 60% of the units
- Extensive maitenance on numerous plumbing leaks, leaks from roof, and leaks behind siding
- Overall Revenue increased by ~$125 per unit OR $27,000 per year
- Unknown costs prior to management besides utility costs, reduced utility costs by 425/month OR $5,100
- Property Value increase in 9 Months $535,000 (@ 6% CAP Rate)
4. The Duplex Project
- Our team located a portfolio of 15 distressed townhomes with an owner that was ready to sell in the Spring of 2022
- We assisted our clients purchase all 8 duplexes at an average discount of $24,000 per duplex (when compared to market value in 2022)
- Our in-house construction team replaced flooring, bathrooms, kitchens, finishes, etc. to maximize the market rents for their properties
- We increased rents by 32% on average OR ~425 per unit
- Average Purchase Price before management was $265,000 Vs. current values of $424,000
- $424,000 – $265,000 = $159,000 x 8 = $1,272,000 increase in 1.3 years
5. Several Flips a year
- Flip on Wayland: 121K Purchase + 46K Repairs, Fees, Costs = 167K total costs
- 208K (Sale Price Plus credits) – 167K = $41,000 Profit in 3 months
- Flip on 14th: 90K Purchase + 42K Repairs, Fees, Costs = 132K total costs
- 196K (Sale Price) – 132K = $64,000 Profit in 2.8 months
- BRRR on Spring: 90K Purchase Price + 43K Repairs & Costs = 133K total costs
- Appraised at 245K + Current rents are 1700/month
- 20.4/133K = 15.33% Cash on Cash return + 112K in earned equity
- Flip on Judy: 350K Purchase + 48K Repairs, Fees, Costs = 398K total costs
- 537K (Sale Price) – 398K = $139,000 Profit in 3.3 Months
- BRRR on Summit: 105K Purchase + 40K Repairs, Fees, Costs = 145K total costs
- Appraised at 265K + Current rents are 2150/month
- 25.8/145K = 17.79% Cash on Cash return + 120K in earned equity
- Flip on Jayme: 120K Purchase + 105K Repairs, Fees, Costs = 225 total costs
- 364K (Sale Price) – 225K = $139,000 Profit in 3.2 Months
- Plus several more this year with ZERO losers
7. 8th St. 5-plex project (In-House)
- Purchased a 5-plex for 243K in April of 2023
- In-house construction team improved several units
- Increased rents by 38%
- Planning to sell property in April of 2024 and conducting a 1031-exchange
- Expected sale price $435,000
- Value increased by $192,000 in ~12 months
