Ferventure Realty LLC is a property management company that has been operating since April 1, 2008. We are a family owned and operated business and we focus on single-family residential properties. While our primary focus is on differentiating our services by providing compassion, enthusiasm and quality service, we also have a low-cost competitive advantage. This low-cost advantage is a result of low acquisition costs and our ability to complete all aspects of business internally. We currently own two rental properties with a third under construction. Our objective is to acquire two properties a year beginning January 2010.
Our company is comprised of Jarrod Snow and Cate Snow Both owner operators are pursuing degrees in Business Administration with an emphasis on Entrepreneurship and CMIS, respectively. In addition to our well-rounded general understanding of business concepts, we both possess strong interpersonal communication skills as a result of military service. This attribute will be essential in screening tenants and forming positive communication.
We anticipate acquisition costs to range between $10,000 and $25,000, with additional material expenses to update the properties costing approximately $4,000. Total investment will not exceed $30,000 and our assessed market value must be at least 50% greater than our acquisition cost. To be specific, we define market value as a quantitative and qualitative assessment. It is determined by what similar houses within the immediate area have sold for and what they are priced to sell for, while making an intuitive judgment of what we feel it could sell for.
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