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Updated almost 7 years ago on .

User Stats

253
Posts
255
Votes
Matthew Nicklin
  • Real Estate Agent
  • Woodstock, GA
255
Votes |
253
Posts

Buying a Brokerage/Property Management Firm

Matthew Nicklin
  • Real Estate Agent
  • Woodstock, GA
Posted

I wanted to see if anyone in the BP community had any experience buying a Real Estate Brokerage that also does Property Management? I have the opportunity to purchase a Brokerage that does Property Management. I feel pretty comfortable with the deal on a high level but I am sure there are a lot of little things I also need to look out for. What is the average per door worth on the open market? I am sure it is variable depending on the area, number of doors, and commission etc. Like I said I feel pretty comfortable with the deal right now just want some input from others that have gone through the process.

Obviously I would utilize an attorney who specializes in Business Brokerages to facilitate the transfer, as I want to ensure it is done properly. Anything I should specifically request be included in the deal? I already have a few that both parties agree on. 

Any and all feedback would be greatly appreciated.