How to Position your Property Management Company for a Successful Exit

The topic of preparing your property management company for a successful exit is a big one, and our guest today is one of the brightest minds in property management. Andrew (Andy) Propst has experience in taking his company, Park Place Property Management, from 200 properties to 4,000 properties in eight years and in just the last year, he has added 400 properties through a local portfolio purchase. Andy is also a NARPM past president, and he is now the CEO of HomeRiver Group, a nationwide company that acquires property management companies and their portfolios. Andy will share with us his insights for any owner who is looking to position their property management company for a successful exit. Overview of this Episode: - Selling a portfolio of properties vs. a platform. - 5 things to avoid when planning an exit. - The size you need to be to meet your financial goals upon exit. - Should you focus on top line or bottom line to receive the highest valuation? - The flaws in relying on selling your PM Company on a dollar per door method. - The option of becoming a part of something larger after exit. Enjoyed this episode? Be sure to subscribe to the Property Management Show for more episodes. Article: http://fourandhalf.com/position-property-management-company-successful-exit/ Subscribe to the Property Management Show on iTunes: https://itunes.apple.com/us/podcast/the-property-management-show/id1061704535?mt=2