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  4. ›RFP #2415 - PROPERTY MANAGEMENT SERVICES FOR GLENMONT…

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2415 - PROPERTY MANAGEMENT SERVICES FOR GLENMONT CROSSING

Won by Residential One, LLC$800kAwarded 1/1/2024Single Award
Contract source

Awarded vendors

  • Residential One, LLC

Description

This contract awards Residential One, LLC the provision of comprehensive property management services for the Glenmont Crossing residential community. The Howard County Office of Contract Management selected the vendor to handle day‑to‑day operations, maintenance coordination, financial reporting, and tenant relations for the development. The agreement was formally awarded on January 1 2024 and includes the typical scope of services required to keep a large residential complex operating smoothly. • Scope includes routine maintenance, vendor oversight, budgeting, and resident services. • Vendor is Residential One, LLC, a specialist in residential property management. • Contract administered by Howard County’s Contract Management office, with procurement contact at [email protected].

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
Starts
1/1/2024

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Property Development
NAICS
531311
Solicitation №
RFP #2415

Contract value

$800,000

The contract does not disclose a monetary value. Typical property‑management agreements for a sizable residential community like Glenmont Crossing (approximately 200–300 units) range from $300 K to $1 M annually, depending on service depth, staffing, and ancillary responsibilities (e.g., financial reporting, vendor coordination). Assuming a mid‑range scope with full‑service coverage, a reasonable ballpark estimate is roughly $800 000 for a one‑year term. This estimate reflects industry benchmarks for residential property‑management fees (approximately 0.5–1 % of gross rental income) and the likely scale of the Glenmont Crossing development.

AI estimate from the award documents

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