Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 15

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 15
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 sales agents to provide residential property management services to owners of single-family residential
properties and provides our agents with the tools to service those property owners. These tools include management, marketing, accounting
and financial services. Our agents generally charge the homeowners between eight to twelve percent (8-12%) of the monthly rental. Our
agents pay Property Management to be the point of contact for the property owner and their tenants, handle all tenant screenings, applications,
contracts, forms and documents, and deal with attorneys if necessary to enforce the agreements. We manage the collection of rents and
the disbursement of payments to vendors, service providers, agents, and property owners, while retaining a fee of $55.00 per agent, per
property, per month. As of March 31, 2025, we have provided property management services for approximately 650 properties across Florida,
including single-family residences, condominiums, townhouses, and other types of residential real estate. Consistent with industry custom,
management contract terms typically range from one to three years, although some contracts can be terminated at will at any time following
a short notice period, usually 30 to 120 days, as is typical in the industry. Property Management has recently added a division to directly
manage properties in Florida and to expand those services to our other offices in other states in the future.

Unlike many other real estate
brokerages, we encourage our sales agents to seek out commercial real estate business. CRE was organized in 2014 originally to provide
“residential-commercial” real estate advisory services such as helping sales agents’ customers lease office space. CRE
now assists agents who have customers who wish to purchase multifamily, office, storage, mixed use and apartment properties. We provide,
on a fee basis, training to sales agents who wish to work in the commercial real estate space, and advise customers with respect to office
leasing, multi-family property sales and leasing, and land and subdivision development. Our customers come primarily from referrals from
our Realty brokers who are asked by their clients to assist them in with various commercial real estate property transactions. In January
2025 2024, the Company hired a leader for this division who possesses vast experience in commercial real estate. We expect stronger growth
of this segment of our business in 2025 and beyond.

For our title insurance and
settlement services segment, we operate under the brand FPG Title Group which provides comprehensive title insurance and settlement services
to protect real estate transactions for residential, commercial, agency,