The ManageVisors Marketplace
Current Listings of Property Management Companies & Related Businesses
What Type of Business Buyer Are You?
Hoping To Go From Good To Great Through Acquisition?
Need An Inside Track In Finding Your New PM Purchase?
Want To Avoid Starting From Scratch in Property Management?
How We Work With Buyers
HManageVisors loves working with entrepreneurs and property management professionals who see the huge opportunities in our highly-fragmented industry. We typically work with 3 types of buyers.
1. Buyers For Our Listings: Investors and entrepreneurs seeking information on a listing should first review our online teaser document. If it may be a good fit, sign our NDA and fill out the Buyer Profile. We will then give you a call on the phone number you’ve provided. After a brief discussion, we will send you the complete Offering Memorandum.
2. Engaged Buyer Search: This is a fee-based search for active investors who are aggressively seeking to purchase a property management business. We start with an exhaustive search of current management business listings as well as a review of recent listings which did not sell. We then explore our internal network of property management contacts to rustle the tree branches a bit. It’s quite common to find owners who’d be interested in speaking with a buyer (but hasn’t had the inclination to list their business for sale.)
3. Brokers and M&A Professionals: ManageVisors is more a consulting firm than a brokerage house. We do not share any fees paid by our seller clients. Nonetheless, we remain open to working with the buyer’s broker or representative, provided they can demonstrate an understanding of the business sale process. The buyer is solely responsible for paying any fee to his/her representative at closing.
8 Reasons Why Demand Is So High for Property Management Businesses
Profitability: The Business Reference Guide, the “go-to” resource in business brokerage, lists property management in the top 1% of most profitable industries nationally. Where industries like convenience stores, restaurants and print shops show average profits (as a percentage of revenue) at 10% or less, property management is close to 30%.
Recurring Revenues: A business buyer’s aphrodisiac. Investors love companies and industries with consistent, recurring income. Especially annual contract income. Property management provides multiple streams of repeat revenue in a way other industries don’t.
Client Stickiness: Property owners are historically reluctant to switch management companies unless they perceive significant issues in the service quality. Most notably in commercial property management. Landlords like maintaining a tight hold on their assets.
Scalability: Property management offers tremendous “strap-on” potential for entrepreneuers. The business model is great for enjoying economies of scale, expanding into other markets or states, even branching out into other property types.
Ease of Entry: Realtors and commercial real estate agents are among the dozens of professions who slowly migrate into property management. The cost barriers are very low compared to startups in retail, manufacturing or inventory-heavy businesses.
Interstate Mobility: There are no longer any compelling reasons why a management company must sit near their clients’ properties. We find many buyers of management businesses who come from out of state. Vendor networks and client relationships can be maintained from any distance.
Poor Performers: Let’s face it. Some offices struggle mightily to keep up with daily operations. This is a tough business that can beat you down if you’re spread too thin. There is substantial “value-add” opportunity by purchasing an underperforming company at a great price.
Market Knowledge: The online universe has made it so much easier to keep abreast of market rents. Tracking the asking rents of competitors has never been simpler.
Our Non-Disclosure Agreement
We take very seriously the confidentiality promise we make to our sellers who’ve put their trust in us. We take every reasonable precaution to keep the sale confidential.
We also value the buyer’s needs for prompt, accurate information about our offerings. We provide buyers with a tremendous amount of information BEFORE signing our NDA and filling out our Buyer Profile. We still withhold enough detail so that the confidentiality of the company is maintained.
Once buyers have reviewed our lengthy teaser document and remain interested, we ask you to click below and fill out our document online.