Are you the absolute best property manager in your market right now? If your answer is yes, that’s fantastic – keep doing what you’re doing, and consider acquisition as a growth strategy.
If you’re not sure, or if you’ve dropped from 350 doors to 200 doors in the last couple of years, and you don’t have the heart to reverse that cycle, maybe it’s time to sell your company while it still has value.
That’s what Mike Kalis proposes, and he tells Alex about his process for acquiring property management companies of all shapes and sizes on this week’s Property Management Show podcast.
Mike is the CEO of Marketplace Homes, a company managing 3,100 doors in 19 states. Together, they broke down the three challenges of acquiring management companies:
– Hey, Big Spender: Fina… Continue Reading Acquiring Property Management Companies: Financing Deals, Finding Deals, and Integrating Processes
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