About Us
Who we Are
SuperNova Properties is a real estate investment and management company that specializes in helping estates get the most value out of their properties. We believe in a partnership model that allows us to work closely with estates, front the cost of the remodel, manage the rehabilitation of the property, and sell the estate for top dollar. Our team of experts has extensive experience in real estate investing, property management, and sales, and we are committed to working tirelessly to achieve the best possible results for our clients.
One of the unique aspects of our company is our zero decision-making power approach. This means that we take full responsibility for managing and rehabbing the property, ensuring that no unnecessary costs are incurred or shortcuts taken that could harm the property. We are also committed to an open-book model, which means that we are completely transparent with our clients about the process, costs, and profits.
Our company is built on a win/win approach, where both our company and the estate benefit from the sale of the property. By splitting the profits from the sale of the property 50/50, we are committed to achieving the best possible results for both parties.
Overall, SuperNova Properties is a company that is dedicated to helping estates get the most value out of their properties. We are committed to working with our clients every step of the way, and we are confident that our program can provide an unparalleled level of service and value.
How we got started
SuperNova Properties was founded in 2016 by a licensed real estate agent, Nova Shank, with over a decade of experience in the industry. It all started with a phone call from a dear friend who was facing foreclosure. They had fallen on hard times, lost their job and their business, and their house had fallen into a state of severe disrepair. Despite their circumstances, they had kept their struggles hidden for over a year.
With just 80 days before their house was going to be sold at auction, the real estate agent knew they had to act fast to help their friend. Through a Comparative Market Analysis (CMA), they determined that the house was worth $280k in its current condition, but with significant deferred maintenance and repairs, it had lost much of its value. The homeowner was in default for $160k, but the real estate agent knew that if they fixed up the house, they could sell it for much more.
So, the real estate agent asked their friend if they could invest in the house, and they entered into a partnership agreement that specified that they would split the profits 50/50 after the rehab cost. The rehab cost was estimated to be around $70,000, but the real estate agent was confident that the investment would pay off.
Over the next few weeks, the team at SuperNova Properties managed the rehabilitation of the property, ensuring that all necessary repairs and upgrades were made to the property to increase its value. This included fixing the water damage, painting the interior and exterior, roof repair, repairing the hot water heater, and renovating the bathroom and kitchen.
Once the property had been rehabbed, SuperNova Properties sold the house for $505k, just nine days before the auction was scheduled to take place. After the rehab cost was deducted from the proceeds, the profits were split 50/50 between the homeowner and SuperNova Properties.
This success story inspired the real estate agent to launch the SuperNova Partnership Program, to help other homeowners in similar situations maximize the value of their property and avoid foreclosure. Today, SuperNova Properties is committed to providing transparent, collaborative, and personalized solutions to homeowners in need, and continues to help people get the most value out of their properties.
Our mission
Our mission at SuperNova Properties is to empower estates to get the most value out of their properties, while taking on all the risk and responsibility of managing and rehabbing the property. We believe in a partnership model that allows us to work closely with our clients, providing expert guidance and an open book model that ensures complete transparency throughout the process.
By focusing on risk management, transparency, and a win/win approach, we are committed to achieving the best possible results for both our clients and our company. Our ultimate goal is to help estates preserve their assets and legacies, and to provide unparalleled value and service that our clients can rely on.