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Updated about 1 year ago, 11/20/2023

Al Phillips's profile image
Al Phillips's profile image
Al Phillips
  • Real Estate Agent
  • from Utica, MI
  • Member since Jan 5, 2017
Connect

User Stats

15
Posts
2
Votes
Al Phillips's profile image
Al Phillips's profile image
Al Phillips
  • Real Estate Agent
  • from Utica, MI
  • Member since Jan 5, 2017
Connect
Al Phillips
  • Real Estate Agent
  • Utica, MI
2
Votes |
15
Posts
Commercial Real Estate Investing

Buying a property management company

Al Phillips
  • Real Estate Agent
  • Utica, MI
Posted

I own a property management company and manage about 115 properties.  A dear friend of mine has passed away and her heirs are now selling her property management company.  She has approximately 120 properties.  Does anyone have any idea what a company like that is worth?  They collect about $10,000/mo in management fees.    They would like to sell it and I would like to buy it but have no idea how much her company is worth.  

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