Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Tray Ross

Tray Ross has started 1 posts and replied 1 times.

I am interested in purchasing a property management business out of South Carolina. It is a short term vacation property management for the most part, and there are 62 doors. They valued the company at $675,000. However, Using the gross monthly net per property, with a multiplier of 1.8 and then multiplying by 12,  I can’t fathom this $675,000 number.  I can’t understand how they valued their clients at about 10,000 each. Is this wrong?  The gross revenue is said to be 1 million.  So what would be a “per client” cost?   We are only in business two years and I want to start acquiring now.  Thanks for helping this newbie!