From Startup to Successful Exit: Utah Property Management Company Changes Hands

Every successful business begins with a vision. For entrepreneur Andrew Rothkopf, that vision was creating a property management company that would make real estate ownership effortless for investors while delivering an exceptional experience for every guest.

Six years later, that vision has culminated in a successful exit.

Business Brokers of America is proud to announce the successful sale of Alpenglow Property Rentals, a Utah-based property management company, to Dustin Tate. The transaction marks the successful transition of a business that grew from a startup into a trusted management company serving property owners throughout some of Utah’s most desirable markets.

When Andrew founded Alpenglow Property Rentals in 2019, the company wasn’t simply focused on managing rental properties—it was built around solving a problem for property owners. Many investors wanted the financial benefits of owning vacation rentals and residential properties without the day-to-day responsibilities that come with managing them. Andrew created a business that allowed owners to enjoy the rewards of their investments while his team handled everything from guest communications and dynamic pricing to maintenance coordination, financial reporting, and daily operations.

As Utah’s tourism industry and housing market continued to expand, so did Alpenglow. The company established operations across Salt Lake City, Park City, Davis County, and St. George, earning a reputation for responsive service, operational excellence, and personalized client care. By the time the business was brought to market, it managed 57 active properties spanning short-term vacation rentals, mid-term corporate housing, and long-term residential properties, supported by proven systems and a dependable network of cleaning, maintenance, and guest service professionals.

One of the company’s most remarkable accomplishments was how it achieved that growth. Rather than investing heavily in advertising, Alpenglow expanded almost entirely through referrals and word-of-mouth recommendations. Satisfied clients became the company’s greatest ambassadors, creating a steady stream of new business and reinforcing its reputation throughout Utah’s rental market. This organic growth reflected the trust Andrew built with property owners and demonstrated the strength of a business founded on exceptional service rather than aggressive marketing.

Behind the scenes, Alpenglow combined personalized service with modern technology to create an efficient and scalable operation. Advanced property management software streamlined reservations, pricing, guest communications, and reporting, while a well-established contractor network ensured every property received consistent, high-quality care. The result was a business that could continue growing without sacrificing the personalized experience clients had come to expect.

Those strengths translated into impressive financial performance. At the time of the sale, Alpenglow generated approximately $2.27 million in annual revenue and maintained a recurring revenue model built on long-term management relationships. Beyond its existing operations, the company offered substantial opportunities for future growth, including expansion into additional Utah markets, enhanced concierge services, corporate housing partnerships, and continued investment in technology and digital marketing.

These qualities attracted strong interest from qualified buyers seeking businesses with recurring revenue, scalable systems, loyal customers, and clear growth potential. After a competitive acquisition process, Dustin Tate emerged as the ideal buyer, sharing a vision for building upon the strong foundation Andrew had established while continuing to deliver outstanding service to clients across Utah.

Business Brokers of America served as the exclusive advisor throughout the transaction, guiding Andrew through valuation, confidential marketing, buyer qualification, negotiations, due diligence, and closing. The successful sale reflects the continued demand for well-operated service businesses with recurring revenue, efficient systems, and long-term customer relationships.

Selling a business represents far more than the completion of a transaction—it marks the culmination of years of dedication, hard work, and entrepreneurial vision. Andrew Rothkopf built Alpenglow Property Rentals from the ground up into a respected company with a strong reputation, loyal clientele, and a scalable operating model. Today, that legacy continues under the leadership of Dustin Tate, who is well-positioned to build upon the company’s success while pursuing new opportunities for growth.

Business Brokers of America congratulates Andrew Rothkopf on this significant milestone and wishes Dustin Tate continued success as he leads Alpenglow Property Rentals into its next chapter. We are honored to have been part of this successful transition and remain committed to helping business owners maximize the value of what they’ve built and achieve successful exits.