Real estate giant Greystar and 25 other property management companies have agreed to collectively pay more than $141 million to settle a class action lawsuit accusing landlords of driving up housing costs by using rent-setting algorithms offered by the software company RealPage.
If I were buying my first business today, property management would be near the top of my list.
Managers typically charge 8-12% of monthly collected rent, revenue is highly recurring, retention is strong, and it usually sells for 2-3x SDE.
Saw quite a few good ones for sale too right now.
“Property management” doesn’t mean a phone answering service and a guy who stops by sometimes.
True property management is a full on business that does everything so an owner can be fully passive.
And property management is almost always more expensive as you scale.
@NittanyTarHeel@SincerelyNotMe3@ZBerm Becton was actually quite good his rookie year. He played 1 game in '21, none in '22, and played through injury in '23.
@stampVII Nobody worth their salt utilizes PFF. At least not since it came out they got paid to alter player grades by agents.
Slay is top 10 in Yards Allowed Per Coverage Snap, EPA Allowed Per Coverage Snap, Completion % Over Expected in relation to Target %.