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  5. ›RFP #2410 - PROPERTY MANAGEMENT SERVICES FOR HOC AT…

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2410 - PROPERTY MANAGEMENT SERVICES FOR HOC AT BATTERY LANE LLC

Won by Residential One, LLC$750kAwarded 1/1/2024Single Award
Contract source

Awarded vendors

  • Residential One, LLC

Description

This contract awards Residential One, LLC the provision of property management services for the Housing Opportunities Commission’s Battery Lane LLC property. The scope includes day‑to‑day operations, tenant relations, maintenance oversight, financial reporting, and compliance with applicable regulations. • Agency: Housing Opportunities Commission (public housing authority) • Vendor: Residential One, LLC (sole award) • Service focus: Comprehensive residential property management, covering leasing, maintenance, budgeting, and regulatory compliance.

Attached files

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

Key dates

Intent to award
1/1/2024
Awarded
1/1/2024

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Real Estate
NAICS
531311
Solicitation №
RFP #2410

Contract value

$750,000

No monetary figure is disclosed. Typical residential property‑management contracts for a single multifamily asset often range from $0.5 M to $1.0 M annually, depending on property size, service scope, and local market rates. Assuming a mid‑size portfolio and a multi‑year term, a reasonable ballpark is roughly $750,000 total. This estimate reflects standard management fees (≈5‑8 % of gross rental income) and anticipated overhead.

AI estimate from the award documents

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