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  5. ›RFP #2444 - PROPERTY MANAGEMENT SERVICES FOR POOKS HILL…

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2444 - PROPERTY MANAGEMENT SERVICES FOR POOKS HILL COURT & POOKS HILL TOWER

Won by Edgewood Management Corporation, Inc$150kAwarded 7/1/2024Single Award
Contract source

Awarded vendors

  • Edgewood Management Corporation, Inc

Description

This contract provides comprehensive property management services for the Pooks Hill Court and Pooks Hill Tower residential complexes. The awardee, Edgewood Management Corporation, Inc., is responsible for day‑to‑day operations, including rent collection, tenant relations, maintenance coordination, vendor management, and compliance with local housing regulations. The services are intended to ensure high‑quality living conditions and efficient financial administration of the properties. • Scope covers all aspects of residential property management for two distinct buildings. • Contractor will handle lease administration, rent collection, maintenance oversight, and tenant communication. • The agreement reflects the housing authority’s goal to maintain affordable, well‑maintained housing stock in Montgomery County, Maryland.

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Intent to award
7/1/2024
Awarded
7/1/2024
Starts
7/1/2024

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531311
Solicitation №
RFP #2444

Contract value

$150,000

The document does not disclose a contract value. Typical residential property‑management fees range from 5% to 10% of the annual gross rental income. Assuming the two buildings contain roughly 100 units at an average rent of $1,200 per month, annual gross rent would be about $1.44 million. Applying a 5% management fee yields roughly $72,000 per year per building, or about $144,000 total. Adding modest administrative overhead could bring the contract value to roughly $150,000 for the initial term. This estimate is based on industry averages and the size of typical mid‑size residential complexes.

AI estimate from the award documents

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