Property Management Space

intermediary profile

May 08, 2023

by an intermediary from The University of North Carolina at Chapel Hill - Kenan-Flagler Business School in Charlotte, NC, USA

Anyone here in the single family property management and real estate space or trying to get into it? Wanting to talk shop/trends/valuations that folks are seeing. I know many are probably in multi-family space so single family is a little harder to network.

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commentor profile
Reply by a searcher
from Western Michigan University in Novi, MI, USA
Hi ^redacted‌ - I've looked at a couple of single-family management companies, happy to connect if you'd like. Deals I've looked at were aggressively priced (5x+) and had a lot of key man risk with the management structure. But still looking

If it's a franchise, you'll have to jump through a lot of hoops just to speak with the owner and get financials
commentor profile
Reply by a searcher
from Case Western Reserve University in Houston, TX, USA
^redacted‌ I built a property management franchise to 96 units under management in the first year, and the business wasn't profitable due to royalties. I later sold for a large loss just to get out from the thumb of the franchise. I would be happy to brain dump on you regarding the industry, especially single family.
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