RAW Ventures
Operator-led acquisition & investment
Real Estate Services · Texas
Texas property management is one of the most desirable recurring-revenue categories we evaluate. Single-family rental management, HOA management, and commercial PM each carry strong unit economics, sticky contracts, and operating leverage.
Valuation
Door count, average monthly fee, and retention drive valuation. Single-family rental portfolios with high retention and an integrated maintenance arm trade at the top of the range. HOA and commercial PM are valued on contract length and per-door economics.
EBITDA Multiple
4.0x – 7.0x Adjusted EBITDA
Revenue Multiple
1.5x – 3.5x trailing revenue
Educational ranges based on RAW Ventures' active Texas deal flow. Your business will be valued on its specific financials and risk profile.
What Drives Value
Common Detractors
Acquisition Criteria
Revenue
$1M – $20M
EBITDA
$300K – $5M
Geography
Texas-headquartered (DFW, Houston, Austin, San Antonio, or surrounding metros) strongly preferred; nationwide operators welcome.
Notes
TREC-licensed brokerage; SFR, HOA, multifamily, or commercial PM.
Succession & Structure
Not every Property Management owner wants the same exit. We structure transactions around your timeline, your tax picture, and your relationship with the team.
Explore Succession Hub →Anonymized Texas Case Studies
Dallas–Fort Worth
$3.8M revenue / $950K EBITDA
Full acquisition, broker license transitioned cleanly
1,400 doors under management with high retention. Closed in 90 days, kept the team, and brought the founder on as a 90-day consultant.
Frequently Asked
We either retain your existing broker or transition to ours with a defined handoff plan filed with TREC.
Yes — HOA management is a core category for us in Texas.
Confidential Inquiry
Principal-to-principal. No fees. NDA on request. We reply within one business day.
Other Texas Industries