Interested in acquiring a commercial property management company

Keep in mind that it's a very asset light business, and banks are less willing to finance those kind of deals. With that being said, I'm sure you can find financing if you can demonstrate that cash flows are recurring. Also, instead of buying one big property management company, you can think about buying small portfolios of local players. That way, you will be able to buy at very cheap multiples. You can also think about acquiring a facility management company, and then integrate vertically by acquiring their main clients.

I looked at one in Miami. It is a relationship business and you must keep that in mind going in. Also helps to know what each type of repair costs. Do you have a real estate background? Not that it is necessary, but may be helpful. DM if you want to discuss.