Acquiring a Property Management Company

Phoenix, Arizona
Buying & Selling Real Estate
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Acquiring a Property Management Company

Marc OliverPro Member
Member since 2025 · 34 posts · 13 votes

Hello,

My wife and I have started a property management company but we also desire of buying an already established one to help build our book of business. I'm wondering if anyone has advice on how to acquire. I go on buying business websites to see if any come up but looking for my best possible success rate while we grow our own internal business. 

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Drew SygitBusiness Member
Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
6mo
Quote from @Marc Oliver:

Hello,

My wife and I have started a property management company but we also desire of buying an already established one to help build our book of business. I'm wondering if anyone has advice on how to acquire. I go on buying business websites to see if any come up but looking for my best possible success rate while we grow our own internal business. 


 Join NARPM and sign up Deb Newel's new website that covers PMCs for sale.

[email protected]248-209-6824
Logical Property Management4.9459 Reviews
WebsiteView Page
3Reply
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  • David Spurlock
    OH · Member since 2022 · 75 posts · 23 votes
    6mo

    Hey Marc,

    You might try reaching out to the owners of some property management groups. You can find their registered agent by searching the PM's LLC/group name on your Secretary of State website. Personally, I would target any PM groups that have bad ratings on Google, but you can form your own strategy.

    0Reply
    • Marc OliverPro Member
      OP
      Member since 2025 · 34 posts · 13 votes
      6mo
      Quote from @David Spurlock:

      Hey Marc,

      You might try reaching out to the owners of some property management groups. You can find their registered agent by searching the PM's LLC/group name on your Secretary of State website. Personally, I would target any PM groups that have bad ratings on Google, but you can form your own strategy.


       Great idea. Appreciate taking the time for giving us a way to find a business to buy 

      0Reply
  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
    6mo
    Quote from @Marc Oliver:

    Hello,

    My wife and I have started a property management company but we also desire of buying an already established one to help build our book of business. I'm wondering if anyone has advice on how to acquire. I go on buying business websites to see if any come up but looking for my best possible success rate while we grow our own internal business. 


     Join NARPM and sign up Deb Newel's new website that covers PMCs for sale.

    [email protected]248-209-6824
    Logical Property Management4.9459 Reviews
    WebsiteView Page
    3Reply
  • Marc OliverPro Member
    OP
    Member since 2025 · 34 posts · 13 votes
    6mo

    Thank you really appreciate the advice. We are with NARPM so we our going to use that resource. 

    1Reply
  • Michael K GallagherBusiness Member
    Real Estate Agent · Columbus OH · Member since 2018 · 1k+ posts · 1k+ votes
    6mo

    great advice here, got to imagine there is a PM out there that would be interested in selling but doesn't have the mental capacity to get it posted for sale with someone to this point.  might also try networking with brokerages in town, perhaps some are looking to make a change and offload their PM side of things if they have one?

    [email protected]614-362-2231
    0Reply
    • Marc OliverPro Member
      OP
      Member since 2025 · 34 posts · 13 votes
      6mo
      Quote from @Michael K Gallagher:

      great advice here, got to imagine there is a PM out there that would be interested in selling but doesn't have the mental capacity to get it posted for sale with someone to this point.  might also try networking with brokerages in town, perhaps some are looking to make a change and offload their PM side of things if they have one?


       Yeah thats another avenue we are trying. Apparently people are aggressively buying other property management companies and when they hit the open market, business agents are inundated with inquiries and often have the deal done within hours. We thought we were closing in on one and figured it was close to a done deal. It lined up perfectly with the current owner willing to stay on for 2-3 years and help us learn and grow the business at the same time but he decided to sell to his broker of record who originally showed no interest.  

      0Reply
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