What's a Property Management Company Actually Worth?
Discover real-world data from 89 closed PM company transactions. The most detailed M&A (Mergers and Acquisitions) dataset ever shared for both buyers and sellers in the property management industry.
Why this report matters.
Real Data, Not Guesswork
This is the first publicly shared dataset of its kind in the PM industry—based on 89 verified, closed transactions, not hearsay or back-of-the-napkin estimates.
Clear Valuation Benchmarks
See what companies actually sold for—broken down by size, profit margin, buyer type, region, and more. If you're planning a sale, this helps you price realistically (and strategically).
Timing, Scale & Profit Insights
From the 350-door tipping point to profit-driven pricing and seasonal trends, this report reveals what really drives higher multiples—and how to leverage that insight whether you're buying or selling.
Past the anecdotes and rumors.
You've probably heard stories… "You're worth 2× revenue." "Rollups will pay anything." "Size is all that matters." This report moves past the anecdotes and rumors. It's the first independent look at what property management companies actually sell for—and why.
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Based on 89 real, closed transactions (not inflated listings or unverifiable hearsay)
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Personally reviewed by a fellow PM owner for accuracy, consistency, and realism
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Breaks down multiples by size, profit margin, buyer type, region, and more
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Tracks 5 years of deal data (2020–2025) to show how valuation trends are shifting
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Includes insights you won't find in any broker pitch or blog post
Whether you're a PM company owner, buyer, or advisor, this is the most concrete dataset available to guide valuation decisions on both sides of the table.
"Property managers have been operating in the dark. This report gives us a baseline for real acquisition data."
— Peter Lohmann, AuthorA peek inside the report.
"Whether you're a buyer or seller, this report shines light on the fact that the PM industry is an incredible place to be in 2025!"
— Allison DiSarro, Senior VP, PM Banking DivisionStraight from Peter.
What's inside the report
- Revenue and profit multiple benchmarks across 89 transactions
- Key valuation trends by size, region, and buyer type
- Strategic insights for both buyers and sellers
Built for both sides of the table.
PM Company Owners
Planning for a sale or considering an acquisition.
Investors & Acquirers
Evaluating or actively acquiring property management firms.
Industry Advisors
Needing up-to-date market benchmarks.
Operators
Curious how size, margins, or geography impact valuation.
About Peter Lohmann.
Peter Lohmann is the co-founder of RL Property Management, a Columbus, Ohio-based company that manages nearly 700 residential rentals. He holds a degree in electrical engineering from Geneva College and brings that same precision to the way he approaches business, data, systems, and valuation.
Peter writes a weekly newsletter read by over 15,000 property management professionals, speaks at national industry events, and is the co-founder of CRANE, a private community for PM company owners. Peter has been on both sides of the table—as a buyer, seller, and advisor in multiple PM transactions. He created this report to bring clarity and credibility to an M&A space that's long relied on hearsay instead of hard numbers (he also just really likes spreadsheets).
Peter's website →Get your copy of the 2025 M&A Report.
The most concrete valuation dataset in property management, for buyers and sellers alike.
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