A subsequent offer by another buyer fell through due to bank financing (predictable).

And just as many of our founding fathers predicted God would demand rivers of young mens blood to reconcile for that evil institution. 

G'Day everyone,I never in a million years did I think I'd be writing this but life and business can be funny sometimes.So we hated property management for so long because it's a very "thankless" gig.Tenants complain things aren't getting fixed quickly enough and landlords complain that things cost too much to fix lolAnd the property manager is stuck in the middle.Long story short, we had to set up in-house property management because that was the only way in our opinion to have a successful turnkey operation.Fast forward 10+ years and "what do ya know"We love PM....The residual and predictable income.The recession "proofness" of the business model.The value it offers to both tenants and landlords.And off course the profit margins once you hit an economies of scale standpoint.We have also fine tuned our operation over the years to almost perfection and established ourselves as the #1 rated property manager in Toledo.Systemize, optimize and monetize is what we did.We are now at a point where we could like to focus on mergers and acquisitions.Yep, I kid you not lolI'd like to buy other property management companies that don't know what they are doing just like we didn't I guess for the first 3-4 years.Looking to stay close to home in Toledo to start.I spent some time cold pitching local companies but they are all too proud to reply in their incompetent management style and prefer to continue running a scam.Any advice from other PM owner folks that are more experienced/advanced than we are would be much appreciated.Specifically on how to find an owner interested in selling.Grazie mille for reading and I'm looking forward to your reply 🙏

Hi @Cindy Joseph, I am a licensed agent in Brevard and it is tough to predict what will happen in the future.

With leverage we don't predict anything better given our locations and these crazy prices. 

Once you run these numbers I predict you will find that the cheaper / smaller properties fare the best for profitability.  

Predicting the market down to the week is hard, but recognizing when intrinsic value is low and when it's high is not all that difficult.

I predict some epic financial loss's coming..

(Permits included) (not including foundation)- I have a real estate agent.How can I accurately predict costs?

You can't predict wild fires or pandemics either.