Collab Z (OTC: CLBZ) is a property management services company that provides property management, development, renovation, and procurement services primarily to related-party property owners. Revenue is generated through fee-based arrangements, including 8% of total monthly gross receipts, repair and maintenance cost reimbursements with markup, renovation fees, acquisition fees, and disposition fees, as disclosed in the FY2025 10-K filed 2025-12-23. Related parties accounted for 65% of revenue in FY2025. The company also provides consulting services to third parties under service agreements, with revenue recognized at a point in time or over time depending on deliverable structure. Collab Z operates a proprietary community-based property management platform and has formed five joint ventures in Nevada, each with a 40% ownership stake, contributing its technology platform, branding rights, and management expertise in exchange for partners providing capital and local operational support. The company carries a going-concern disclosure as of the FY2025 filing date.

Revenue model

Fee-based property management: 8% of monthly gross receipts as recurring management fee; repair and maintenance cost reimbursement plus markup (20% to 30% depending on property); renovation fees (5.5% to 8% of renovation costs); acquisition fees of 2% of purchase price; disposition fees of 2% of sale price; pre-development fees of $6,000 per month for certain properties. Consulting services revenue recognized point-in-time or over time per contract. 65% of FY2025 revenue from related parties.

Products and services

Collab property management platform; community-based property management services; property development and renovation services; procurement services; consulting services to third parties; joint venture property management operations in Nevada markets.

Customers and end markets

Primarily related-party property owners under common control (65% of FY2025 revenue); third-party property owners and consulting clients. End market is residential and commercial real estate property management.

Value-chain role

Property manager and technology platform provider sitting between property owners and tenants; contributes platform, branding, and management expertise to joint ventures while partners provide capital and local market access.

Geographic exposure

Nevada (joint venture operations, five entities as of FY2025 10-K filed 2025-12-23); specific properties referenced include 2425 Durant Avenue and 19-21 Buttonwood Street.

Source: SEC 10-K, filed 2025-12-23

Industry: Real Estate