“I want to buy a rent roll and need assistance in having a deep and insightful look at the businesses offered to me.”
“I am considering selling my rent roll and have heard that it’s wise to do a thorough due diligence on my business before I put it up for sale so that I can eliminate any problems and maximise my selling price.”
Are you buying a business or paying to take over someone else’s problems?
There is no doubt that the majority of business’s offered for sale are not as solid as they initially appear. Information provided is gleaned from property management software often recording numbers of properties that are inflated as basic housekeeping of the system has been neglected, therefore indicating a more profitable business than actual.
Conducting a due diligence exercise on your property management business, whether you are looking at selling now or in the near future will allow you the opportunity to put the rent roll in order, ensuring you receive an optimum price when you sell.