mjm corporate overview qtr1 2009 superthin
DESCRIPTION
Very thin corporate overview - more detailed property and financial slides available upon request.TRANSCRIPT
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MJM Properties, LLC“Quality Rental Property for Working Professionals
in the Morgantown area”
Company Overview
August 2008
Version 3.3
www.mjmrentals.com
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Briefing OutlineKey Information:• Company Overview• Financial Information• Real Estate Owned
Attachments:• Personal Information• Website Information• Contact Information
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Company Overview• Family owned “rental property” business
– MJM is “Mike, Joan, and Mike” – name for myself and parents– I target renting to working professionals and visiting execs/professionals in
Morgantown WV
• Family owned business, started in 1980 with one property, and in 2005 an LLC was formed– Currently own six houses, a luxury condo, and four vacant city lots
• All properties are certified compliant to code by City of Morgantown
– I have been the sole owner and operating manager since 2005
• I take great pride in our quality reputation in the community – this is #1• RE/MAX performs all aspects of Property Management for MJM• MJM has an “umbrella” liability insurance policy for the LLC with Erie Insurance
– Each house is also individually fully insured with Erie as well
• The company is well organized (structure and control mechanisms)– All records (tax, legal, etc.) are digitized and managed electronically
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MJM Properties LLC:Organizational Structure
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Company Goals• I utilize a SWOT(*) and Strategic Plan to guide the development and
growth of the business– Build Equity (cash flow, smart acquisitions, good management)
• I would like to increase the equity value of my business by making strategic acquisitions of more long term rental properties
• Planning a new build on vacant land on Callen Ave
• Considering expanding the geographic scope to include the Fairmont and Bridgeport areas
• Considering expanding some into the turnkey corporate (short-term) housing niche market
• As the purchasing power increases, consider acquiring “infrastructure” property – i.e. land for commercial development (or ‘flipping’ the land to developers) and leasing in key areas– Strategic areas in Morgantown, Fairmont, Bridgeport
* SWOT – Strengths, Weaknesses, Opportunities, and Threats analysis
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Business Financials:
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3rd Quarter 2008
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MJM Properties: Gross Revenue
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
2005 2006 2007 2008 2009 2010
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Company Financial Data• Gross Value of Holdings– ~$1.23M
• Total Debt– ~$ 536k
• Total Equity– ~$ 693k
• Projected 2009 LLC Gross Annual Revenues– ~$ 79k
• Projected 2008 Household Income– ~$ 250k
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Next Steps
• Discuss potential for “partnering” for growth• Develop initial gameplan• Discuss additional company data that is
available “as needed”
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Thank You!
www.mjmrentals.com