3N Property Management, LLC | Application Preview
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General Information
Business Registration Number: 99-4522858
Location: Cary, NC, 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: NO
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Funding Usage
The funds will be used to set up and provide a viable housing option for traveling professionals and families. This includes relocating military members, traveling nurses & salesmen, or contracted insurance companies who're providing transient housing to individuals and families undergoing repairs or relocation.
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Business Plan
The business model scales itself! The name of the game is monthly revenue. As we continue to procure more property, so too will our monthly revenue increase. I'll use my veteran status and increased monthly revenue to establish a business line of credit (LOC) from a local credit union. That LOC will be our ticket to scaling on the front end of our business model. It'll streamline our acquisition process and in turn increase how many properties we can add to our portfolio every month. After about 15 properties, we plan on becoming more self-sufficient as we move into buying and flipping our own purchases. Of course we'll still be utilizing as many of our resources as possible, so lending will still be on the table. This may be a new business, however I am not new to business. I've climbed the real estate ladder and done all the in-between jobs on the way here. I've retained knowledge and insight of the real estate market and its fluctuations as a Real estate agent, wholesaler, home inspector, contractor, and salesman. Serving in the military I worked as an intelligence analyst. Biding my time throughout these roles I've learned what makes a good investment, how to workshop ideas, properly execute a plan, negotiate, and what it takes to for a business to actually thrive. You need a team and a method that makes sense. I won't sit here and claim to have all the answers, but I've already made the mistakes every new business owner has made and learned from them. 3N Property Management LLC is the amalgamation of my efforts in real estate and the military and I'm confident I have the experience, tenacity, and vision to take this investment-- this potential, and turn it into something incredibly successful!
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Self Identified Competition
Hotels and other short term rental investors Most of our short term rental competitors are local LLC owners who happened to have some extra space and extra time to run an Airbnb or put a property on VRBO. They don't mean to turn their real estate endeavors into a lucrative business like 3N Property Management, LLC does. If they do, they lack the real estate and negotiating experience that comes with running acquisitions efficiently. We are also extremely adaptable. If an investment opportunity doesn't work using traditional methods, we get creative. That's where my experience as a wholesaling/acquisition agent comes in. Opportunity takes many forms but no matter how it shows itself, I know a method to make use of it or If I don't have an answer, I can offload it to someone who does. Either way, the opportunity isn't wasted.
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