Purchasing a Property Management Company and Valuation

[Jason Barker]

The Owner of a small-medium sized property management company has expressed an interest selling and has offered it to me to purchase.  They manage approx 130 doors.  No ancillary fees, only income is from the properties that are rented and Tenants paying.  Annual gross of $185k.  Currently staffs one property manager at $65k/year.  Net is closer to $30k-$35k.  Does this make sense?  If not, what should be done to remedy?  Curious and curiouser!

[Mark Ainley]

@Jason Barker check out the podcast “property manager broker” and maybe reach out to the host Brad Larsen. He’s the perfect resource for questions like this. Feel free to message me if you want me to make an email introduction.  

@Drew Sygit you might appreciate the content too.