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Property Management Businesses for Sale

Management fees come in every month whether properties are selling or not, and the best companies run on documented workflows and a team that handles leasing without the owner stepping in.

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10

Active Listings

$2.5M

Median Asking Price

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Featured Property Management Businesses

Showing 10 of 10 listings

Real Estate & Property Management Firm

Nearly 1,900 doors under management with client relationships spanning up to forty years, generating recurring revenue across HOA management, individual unit management, and maintenance services in a high-demand suburban Tennessee market.
Price$2.5M
Revenue$2.7M
SDE$659.4K

Construction Consulting Company

Permit consulting firm operating across 25 states with multi-year master service agreements with the largest tower owners in the country, generating $482.3k in seller's discretionary earnings on a two-person team.
Price$2.2M
Revenue$864.4K
SDE$482.3K

Real Estate Broker

Coastal real estate brokerage with recurring property management and storage revenue, serving buyers and sellers across Oregon and California with nearly 50% SDE margins.
Price$400K
Revenue$235K
SDE$107.7K

Trust Property Management Services

Veteran-owned trust property management business serving 35+ trust companies across all 50 states, with 15+ years in a niche with few competitors and high barriers to entry.
Price$4M
Revenue$2.2M
SDE$317.8K

Design Build Construction Management Firm

Design-build contractor for highly regulated facilities across life sciences, semiconductors, healthcare, and government sectors, with over $300M in cumulative revenue from 2021 through 2024 and peak annual throughput above $120M.
Price-
Revenue$42M
SDE$1.9M

Real Estate Media and Photography

Real estate media platform producing photography, video, and 3D content across seven markets with 24-hour turnaround, proprietary booking software, and a 1099 contractor model that generated $700k in 2024 revenue.
Price-
Revenue$700K
EBITDA$140K

Residential Home Construction Company

Residential home builder and remodeler in northern Wisconsin with over 25 years of brand recognition, a project backlog extending into 2027, and more inbound demand than a lean four-person crew can serve.
Price-
Revenue$3.5M
EBITDA$400K

Healthcare Real Estate Investment Firm

Healthcare real estate investment firm managing $240M in assets across medical office and NNN-leased properties in three states, with over 500 direct accredited investors and $370M in total acquisitions.
Price$14.2M
Revenue$940.6K
SDE$499.2K

Property / HOA Management Company

Full-service HOA management firm generating $1.95M in revenue on auto-renewing contracts with proprietary internal software connecting all aspects of operations.
Price-
Revenue$1.7M
SDE$7.2K

Facilities and Real Estate Advisory Firm

National real estate and facility advisory firm with revenue growing from $2.6M in 2023 to $4M in 2025 and SDE recovering from near-zero to over $400k in the same period.
Price-
Revenue$4M
SDE$411.2K
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Due diligence

What to Look For

Practical guidance from hundreds of real acquisition conversations.

Contract Terms and Renewal History

  • Ask for a full list of management contracts with the fee percentage, term length, cancellation notice period, and renewal date.
  • Long-term contracts with a history of quiet renewals are a strong signal that clients are satisfied and not actively looking for alternatives.
  • Month-to-month agreements aren't necessarily a problem if retention has been high for years, but you'll want to understand what keeps those clients from leaving.

Client Concentration

  • Find out how many property owner clients the business serves and what the largest single client represents as a percentage of fee revenue.
  • A portfolio spread across many clients with no single owner above 10 or 12 percent is the most resilient setup.
  • If one client represents 30 or 40 percent of income, that's worth spending real time on during diligence before you commit.

Accounting and Software Workflows

  • Ask which property management software they use, how long it's been in place, and whether the workflows are documented or informal.
  • Clean trust accounting and written workflows for owner statements and maintenance requests are some of the most valuable things a property management company can show you.
  • A business that runs on systems rather than memory is one you can step into without needing to rebuild the operation from scratch.

Team Stability and Role Clarity

  • Ask who handles leasing, maintenance coordination, and owner communication, and how long each person has been in their role.
  • A company where experienced property managers run their portfolios end to end is a very different acquisition from one where the owner is still fielding tenant calls.
  • Understanding that distinction early will shape how you think about the transition period and your first 90 days.

Valuation

What Should You Expect to Pay?

2x-4x

SDE

Owner-operator, month-to-month contracts

4x-7x

EBITDA

Management team in place, long-term contracts, diverse client base

Contract durability, client concentration, team independence, and how clean the trust accounting is are the main factors that separate a 2x deal from a 6x one in property management.

What drives a premium

Long-term management contracts with documented renewal history and low cancellation rates

Client base spread across many property owners with no single client above 12% of fee revenue

Documented software workflows for trust accounting, owner reporting, and maintenance requests

Property management team that handles leasing and operations without owner involvement in day-to-day decisions

SBA Loan Calculator

See what your monthly payments would look like at different deal sizes

Thinking About Selling?

Read our owner's guide to selling a property management business, with valuation tips, buyer expectations, and step-by-step advice.

Read the Owner's Guide

FAQ

Property Management Business Acquisition

What should I look for when buying a property management business?

Start with the management contract list and the accounting. You want long-term contracts with a history of renewals and trust accounting that's clean enough to hand a new owner on day one. From there, look at client concentration, team stability, and how documented the workflows are. A property management company that runs on systems rather than one person's relationships is a much easier business to step into. Browse property management businesses for sale on Rejigg to see what's available.

How much does a property management business cost?

Most property management businesses sell for 2 to 7 times annual profit. Owner-operated companies with mostly month-to-month contracts tend to trade at the lower end of that range. Businesses with a management team in place, long-term contracts, and a diversified client base can reach 5 to 7 times. Use the SBA loan calculator to model what different deal sizes look like in monthly payments.

How do I evaluate a property management business before buying?

Ask for three years of financials with management fee revenue separated from any income tied to properties the owner personally owns. Review the full contract list with fee percentages and cancellation terms. Then look at trust accounting records, client retention history, and who handles what on the team. Spending time in the property management software to see how workflows actually run is worth the effort.

What due diligence questions should I ask about a property management business?

Good starting points: What percentage of fee revenue comes from the five largest clients? What are the cancellation terms on the top contracts and when do they renew? Is trust accounting handled in dedicated property management software, and how long has it been in place? How many properties does each property manager handle, and how long have they been in their roles? Does the owner field direct calls from tenants or property owners, and how much time does that take each week? Are there any outstanding disputes, lawsuits, or trust accounting discrepancies?

Where can I find property management businesses for sale?

Rejigg lists property management companies that have been individually sourced and vetted. You can browse property management businesses for sale on Rejigg and connect directly with sellers. Listings include financial details and contract information so you can filter for what fits your criteria.

Do management contracts transfer when I buy a property management company?

Most can, but check each contract for language about ownership changes or assignment restrictions. Property owners typically want to meet the new owner before closing, so planning introductions early in the process is a good idea. Even month-to-month clients tend to stay when the team they know is staying and the service quality holds. Ask the seller for the retention rate over the past three years as a starting baseline.

Do I need a real estate license to buy a property management company?

In most states, yes, you or a qualifying broker on your team will need a real estate broker's license to operate a property management company. The requirements vary by state, so confirm what your target market requires before getting too far into a deal. This is a normal and solvable step, but it adds to your pre-closing checklist and potentially to your timeline. Plan for it early so it doesn't become a bottleneck.