MJM Properties, LLC“Quality Rental Property for Working Professionals

in the Morgantown area”

Company Overview

August 2008

Version 3.3

www.mjmrentals.com

Briefing OutlineKey Information:• Company Overview• Financial Information• Real Estate Owned

Attachments:• Personal Information• Website Information• Contact Information

Company Overview• Family owned “rental property” business

– MJM is “Mike, Joan, and Mike” – name for myself and parents– I target renting to working professionals and visiting execs/professionals in

Morgantown WV

• Family owned business, started in 1980 with one property, and in 2005 an LLC was formed– Currently own six houses, a luxury condo, and four vacant city lots

• All properties are certified compliant to code by City of Morgantown

– I have been the sole owner and operating manager since 2005

• I take great pride in our quality reputation in the community – this is #1• RE/MAX performs all aspects of Property Management for MJM• MJM has an “umbrella” liability insurance policy for the LLC with Erie Insurance

– Each house is also individually fully insured with Erie as well

• The company is well organized (structure and control mechanisms)– All records (tax, legal, etc.) are digitized and managed electronically

MJM Properties LLC:Organizational Structure

Company Goals• I utilize a SWOT(*) and Strategic Plan to guide the development and

growth of the business– Build Equity (cash flow, smart acquisitions, good management)

• I would like to increase the equity value of my business by making strategic acquisitions of more long term rental properties

• Planning a new build on vacant land on Callen Ave

• Considering expanding the geographic scope to include the Fairmont and Bridgeport areas

• Considering expanding some into the turnkey corporate (short-term) housing niche market

• As the purchasing power increases, consider acquiring “infrastructure” property – i.e. land for commercial development (or ‘flipping’ the land to developers) and leasing in key areas– Strategic areas in Morgantown, Fairmont, Bridgeport

* SWOT – Strengths, Weaknesses, Opportunities, and Threats analysis

Business Financials:

3rd Quarter 2008

MJM Properties: Gross Revenue

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

2005 2006 2007 2008 2009 2010

Company Financial Data• Gross Value of Holdings– ~$1.23M

• Total Debt– ~$ 536k

• Total Equity– ~$ 693k

• Projected 2009 LLC Gross Annual Revenues– ~$ 79k

• Projected 2008 Household Income– ~$ 250k

Next Steps

• Discuss potential for “partnering” for growth• Develop initial gameplan• Discuss additional company data that is

available “as needed”

Thank You!

www.mjmrentals.com