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Updated almost 4 years ago,
Purchasing Property Management Company
I’m currently interested in buying a property management company in California.(Partnership with a Broker)
I have a meeting with the current owner set up and I am curious on questions I should ask.
Currently they have 115 doors that they manage. 4 employees(2 are willing to stay) gross income last year was around 180,000$. I plan to go over their numbers at the meeting..
Asking price is $115,000 at 3-6% on a 10year that they are willing to carry.
Any suggestions or thoughts please let me know. Thank you