Notes

Property Management Owner's Dilemma: Get Bigger, Stay the Same, or Sell Out?
"There are only two directions; you're either growing or you're dying. There ain't no third direction." (Tommy Callaghan, Sr. in "Tommy Boy")
Business can be a funny thing; the first is never able to be satisfied. If you start a company, grow it, and begin to cash flow it, then that's good, right? Isn't that the idea? I thought it was, a minimum of.
However, it really isn't should you look at news, view tv, or attend any organization conferences. The things that people want to mention are:

What will be the growth figures regarding revenue? Projected to 2015?
Is your social media and digital strategy sound? Have you made time and financial investments?
Have you considered geographical expansion? Franchise? Office openings?
And on and on and also on. There apparently isn't a downtime allowed! If you sit pat, you're destined to fail. You must grab the celebs of worldwide domination! The purpose of earning money is to reinvest it! Get on it! Get bigger! Now!
So rapid growth is left because only option, until you wish to be considered a "burned-out" property manager. If you choose to pursue slower, organic growth, you may be called "uninspired", a "non-visionary", and lazy. No one writes articles on business owners who stay the course! Those stories got chopped out early in the editing room. But despite many loud naysayers to the contrary, staying the identical is obviously an extremely viable option. It's just the "keeping on, keeping on" strategy. Nothing is wrong with that!
But why don't you consider if you actually are "uninspired" now? You are burned out! You are a property management company owner (or agent) who doesn't wish to deal with the company anymore. You are looking to get out then sell out. How would you do this?
You could employ a business broker to get somebody that wants to add property management to their real-estate brokerage company, or simply really wants to own a stand-alone property management company. reference are pretty rare and also the business broker would truly be earning their money when they found somebody that will get your smaller firm (under $1M in revenues)!
What is a bit more likely is that you simply would sell your management accounts to a different property management firm. For example, I received a letter yesterday derived from one of with the largest property managers around; this letter was undoubtedly sent to every property management company in your neighborhood. The letter motivated to buy inside the property management accounts there were.
In mergers & acquisitions speak, these were utilizing a typical roll-up means of buying up every smaller company in the region to accelerate their growth. They had no curiosity about our systems or procedures; they simply wanted to throw our management clients into their management machine. This would be a timely means for these phones grow rapidly. It also will be a quick method for "uninspired" property managers to escape with the business making some quick money away from their company. A true win-win? Possibly!
To grow, stay, or go- it's really a personal decision that must not be the effect of other's expectations. There are possibilities it doesn't matter what both you and your company's technique is!
My Website: http://www.masonre.com.au/