{"id":11970,"date":"2024-07-07T14:50:33","date_gmt":"2024-07-07T19:50:33","guid":{"rendered":"https:\/\/1reason.com\/re\/la-rosa-provides-update-on-its-property-management-subsidiary-properties-under-management-increased-by-12-year-to-date\/11970\/"},"modified":"2024-07-08T09:50:33","modified_gmt":"2024-07-08T14:50:33","slug":"la-rosa-provides-update-on-its-property-management-subsidiary-properties-under-management-increased-by-12-year-to-date","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/la-rosa-provides-update-on-its-property-management-subsidiary-properties-under-management-increased-by-12-year-to-date\/11970\/","title":{"rendered":"La Rosa Provides Update on its Property Management Subsidiary; Properties Under Management Increased by 12% Year-to-Date"},"content":{"rendered":"
LRPM specializes in property management services for owners of single-family residential properties and manages a diverse portfolio of properties across Florida. <\/p>\n

Joe La Rosa, CEO of the Company, commented, \u201cWe 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\u2019s 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%.\u201d<\/p>\n

\u201cIn 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,\u201d concluded Mr. La Rosa.<\/p>\n

About La Rosa Holdings Corp.<\/strong><\/p>\n

La Rosa Holdings Corp. (Nasdaq: LRHC) is disrupting the real estate industry by offering agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions. Leveraging its proprietary technology platform, La Rosa empowers agents and franchisees to deliver top-tier service to their clients. The Company provides both residential and commercial real estate brokerage services and offers technology-based products and services to its sales agents and franchise agents.<\/p>\n

La Rosa’s business model is structured around internal services for agents and external services for the public, including residential and commercial real estate brokerage, franchising, real estate brokerage education and coaching, and property management. The Company has 22 La Rosa Realty corporate real estate brokerage offices and branches located in Florida, California, Texas, and Georgia. The Company also has 15 La Rosa Realty franchised real estate brokerage offices and branches and two affiliated real estate brokerage offices in the United States and Puerto Rico.<\/p>\n

For more information, please visit:https:\/\/www.larosaholdings.com<\/u><\/a>.<\/p>\n

Stay connected with La Rosa, sign up for news alerts here:larosaholdings.com\/email-alerts<\/u><\/a>.<\/p>\n

Forward-Looking Statements<\/strong><\/p>\n

This press release contains forward-looking statements regarding the Company\u2019s current expectations that are subject to various risks and uncertainties. Such statements include statements regarding the Company\u2019s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words \u201cintends,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cplans,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cprojects,\u201d \u201cpredicts,\u201d \u201cestimates,\u201d \u201caims,\u201d \u201cbelieves,\u201d \u201chopes,\u201d \u201cpotential\u201d or similar words.Thesestatements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, our ability to successfully integrate acquisitions into our business operations, customer acceptance of new services, the demand for the Company\u2019s services and the Company\u2019s customers’ economic condition, the impact of competitive services and pricing, general economic conditions, the successful integration of the Company\u2019s past and future acquired brokerages, the effect of the recent National Association of Realtors’ landmark settlement on our business operations, and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (the “SEC\u201d). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading \u201cRisk Factors\u201d in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and other reports and documents that we file from time to time with the SEC, including our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024. Forward-looking statements contained in this press release are made only as of the date of this press release, and La Rosa does not undertake any responsibility to update any forward-looking statements in this release, except as may be required by applicable law. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.<\/p>\n

For more information, contact: info@larosaholdings.com<\/u><\/a><\/p>\n

Investor Relations Contact:<\/strong>
Crescendo Communications, LLC
David Waldman\/Natalya Rudman
Tel: (212) 671-1020
Email: LRHC@crescendo-ir.com<\/p>\n

<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

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Celebration, FL, June 04, 2024 (GLOBE NEWSWIRE) — La Rosa Holdings Corp. (NASDAQ: LRHC) (\u201cLa Rosa\u201d or the \u201cCompany\u201d), a holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today provided an update on its subsidiary, La Rosa Property Management LLC (\u201cLRPM\u201d), which reports that its properties under management increased by 12% year-to-date.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/11970"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=11970"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/11970\/revisions"}],"predecessor-version":[{"id":11983,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/11970\/revisions\/11983"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=11970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=11970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=11970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}