Texas Broker Sponsor™ facilitates the sale of property management books of business throughout Texas. Whether you are retiring, pivoting, or simply ready to exit, we connect you with qualified buyers and provide brokerage services for the transaction.
Our Role
We are not a business broker in the traditional sense. We are a TREC-licensed Texas broker with deep relationships throughout the Texas PM industry — including the PM companies we sponsor. That network is your advantage.
We assess your book of business based on ARR, contract quality, retention rates, and market comparables to establish a realistic asking range.
We introduce you to qualified buyers from our network — including PM Accelerator™ clients actively seeking to grow through acquisition.
We provide brokerage services for the transaction itself, including LOI review, due diligence support, and closing coordination.
If the buyer needs a designated broker during the transition period, Texas Broker Sponsor™ can provide transitional PM sponsorship.
What Drives Value
Texas PM books of business typically sell for 1–2.5x annual recurring revenue. The exact multiple depends on several factors that buyers scrutinize closely during due diligence.
Contract Quality
Long-term management agreements with automatic renewal clauses command higher multiples than month-to-month arrangements.
Owner Retention Rate
Portfolios with 90%+ annual owner retention are significantly more valuable than those with high churn.
Average Management Fee
Portfolios averaging 10%+ management fees are more valuable than those competing on price at 6–8%.
Geographic Concentration
Concentrated portfolios in a single metro are easier to operate and more valuable than geographically dispersed ones.
TREC Compliance History
A clean TREC disciplinary record is essential. Any open complaints or prior violations significantly reduce value.
Texas Broker Sponsor™ maintains a confidential registry of PM companies for sale. If you are a PM Accelerator™ client or a qualified operator looking to grow through acquisition, we can introduce you to sellers in your target market.
Buyer requirements: Active PM Accelerator™ or PM Multi-family Enterprise™ sponsorship, or ability to secure sponsorship before closing. Minimum 2 years PM experience. Clean TREC record.
Register as a BuyerConfidential Inquiry
All inquiries are strictly confidential. Ron Miranda reviews every submission personally.
A PM book of business is typically valued at 1–2.5x annual recurring revenue (ARR), depending on contract quality, tenant retention rates, average management fee percentage, geographic concentration, and the transferability of owner relationships. Texas Broker Sponsor™ can provide a preliminary valuation assessment as part of the intake process.
A typical PM business sale requires: a complete client roster with contract terms, 12–24 months of financial statements, trust account reconciliation records, E&O insurance certificates, TREC license documentation, and a list of all active management agreements. Texas Broker Sponsor™ can help you prepare a clean data room for prospective buyers.
Yes. Texas Broker Sponsor™ maintains a network of PM companies, institutional investors, and individual operators who are actively seeking to acquire Texas PM books of business. We can facilitate introductions and provide brokerage services for the transaction.
Your TREC license is personal and does not transfer with the sale. The buyer must have their own TREC-licensed designated broker. If the buyer is not yet licensed, Texas Broker Sponsor™ can provide transitional designated broker services during the acquisition period.
The timeline varies significantly based on portfolio size, asking price, and buyer availability. Simple transactions (under 100 units) can close in 30–60 days. Larger institutional transactions (300+ units) typically take 90–180 days. Texas Broker Sponsor™ can help accelerate the process by matching you with pre-qualified buyers.