A ribbon cutting ceremony was held on Friday, November 15th at 10 AM for Magnolia Management, LLC to celebrate their business and membership with the Henderson-Vance Chamber of Commerce. Specializing in residential single and multi-family investor-owned properties, Magnolia Management LLC moved into its offices at 719 S. Chestnut St. in Henderson at the beginning of August, 2012.
The company is the brainchild of Tony Norwood and his wife, Pam, who are longtime Henderson residents. Tony and Pam partnered with Lundy Sykes and Kate Barker, of Norfolk, Virginia to form the company because of their more than 35 years of residential rental management experience in the Tidewater Virginia area.
Steve Ball, a fully qualified North Carolina Real Estate Broker in Henderson serves as Broker-in-Charge for the firm. Although he holds a degree in Industrial Management, Tony has over 30 years practical experience in the home improvement business, and in the past has done renovation and maintenance work on the rental properties of many real estate investors in the tri-county area.
Tony became convinced that a Property Management Firm which could offer reduced maintenance and repair costs to owners of investment property with no reduction in the quality of the work, would both increase the profitability of the investors’ property and also improve tenant retention and lower vacancy rates. Thus, Magnolia Management was chartered as a fully licensed real estate management firm under the laws of North Carolina.
The company now represents 15 investors and has 10 employees. Entering into its second year, the company looks forward to continued growth and service to the real estate investors in the tri-county area. You can contact Tony or Pam 252-430-8005 or check them out on their website at www.magnolia-management.com.