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Why some brokerages are embracing property management

Real Estate News

Between investor purchases and property management, it can be a lucrative business for brokerages — and a source of buyer leads. The rental market is massive.

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Top indie brokerage John L. Scott acquires Sterling Johnston Real Estate

Housing Wire

West Coast juggernaut independent brokerage John L. Scott Real Estate has acquired boutique brokerage Sterling Johnston Real Estate , based out of Redmond, Washington. The acquisition did not include SJA Property Management , Sterling Johnston’s property management arm.

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Indie brokerage Nationwide Real Estate Executives joins eXp Realty

Housing Wire

Daryl Owen , the founder of top California independent brokerage Nationwide Real Estate Executives , is joining eXp Realty and taking 200 agents along with him. RealTrends couldn’t independently confirm those figures; NRE has not submitted data to the RealTrends brokerage rankings since 2019.

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Ancillary services a steadying force in an uncertain market

Real Estate News

Adding property management, title or other services can help a brokerage during any market by increasing revenue streams and improving customer service.

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Opinion: Real estate brokers are still buying and selling firms

Housing Wire

Rather than a multi-year average of EBITDA or Gross Margin as the basis for the value of a brokerage firm (or their related counterparts in mortgage, title, escrow, and property management), valuations now are based Trailing Twelve Months (TTM or LTM) results.

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Commercial Property Manager Maintenance Tips for Every Season

The Robert Weiler Company

Commercial property management is a year-round task as weather changes can bring unexpected complexities to inexperienced property owners throughout the seasons. The property you oversee must be ready for any weather condition, regardless if you’re encountering winter snow or summer winds. Conduct a Roof Check.

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What Do Property Management Companies Do? (And How to Vet Them)

The Robert Weiler Company

Owning commercial property is a huge responsibility. Most building owners and multi-family real estate investors don’t realize that property management companies can completely relieve them of the day-to-day administration of property, prospects, and tenants. Property management saves time, money, and hassle.