La Rosa Increases Properties Under Management by 12% in 2024

June 4, 2024

DENVER, Colo., Jun 04, 2024 (247marketnews.com)- La Rosa’s (NASDAQ:LRHC) subsidiary, La Rosa Property Management LLC, reported that its properties under management increased by 12% year-to-date.

La Rosa’s CEO, Joe La Rosa, commented, “We are pleased to report that LRPM has achieved significant growth over the last five months. With a 12% increase in properties under management so far this year, compared to an increase of 10% for all of last year, we are off to a very strong start. Our team’s dedication to providing exceptional service and our commitment to our clients have been the driving forces behind this success. We anticipate properties under management will continue growing throughout the year and expect the annual growth rate to be approximately 30%.

“In 2023, property management revenue increased by $1.65 million, or 21%, compared to the previous year. This growth was primarily due to an increase in the number of properties under management, coupled with a management fee price increase effective September 1, 2023. The continued growth in properties under management is expected to contribute to a significant increase in top-line revenue in 2024. We look forward to continuing on our trajectory and delivering outstanding results for our property owners.”

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