But obviously your brand new home wouldn't have that problem.

Valuation for Property Management 3X to 5X Seller Discretionary Earnings or 1X to 1.5X Annual Revenue, depending on how well established the brand and reputation is in the market, market share, number of units, scalability, etc...Transaction Structure, never buy a Property Management business for cash,  you must include an earn-out structure or provision to protect the purchase against clients/property owners leaving post-transaction.  

I would not buy something that needs mild renovation out-of-state as a brand new investor as you will not be able to manage it and will pay 4x the cost and it will take much longer and you are likely to get scammed if you have not built a proper funnel.

Hello All- I am brand new to real estate Investing and I look forward to learning and connecting with like minded investors.

Wise has spent a lot of time marketing his product and building up a brand. 

.- It needed a community face lift and re-brand (was called windmill apartments....yuck.)We came in and strategically worked our business plan:- We upgraded the exterior including fresh paint, signage, and landscaping.- We removed delinquent tenants and changed the community standards around to provide a safe and clean place of living.- We've upgraded 75% of the units with fresh flooring, paint, cabinets, countertops, and appliances as needed.When we took over the property the 16 units were producing around $9000/month in gross rent.I just checked our rent roll today, and we just crossed $17,000 in gross income monthly!

--> 🆕 We're adding a BRAND NEW Small Multifamily Bootcamp with Leka Devatha and Chris Lopez --> And of course, we can't forget the classic favorite 🌟 Rookie Bootcamp with @Ashley Kehr and @Tyler MaddenChoose YOUR Bootcamp ASAP and enjoy early bird pricing!

Also, check out the (recently re-branded) Good Deeds Note Investing Podcast.  

It’s basically a brand new house per se.

You aren't trying (at this point) to create some nationwide brand, so being found on google, and when found knowing instantly exactly what you do, is top priority.