Real Estate Agent · Woodstock, GA · Member since 2018 · 254 posts · 255 votes
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.