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🌟 Understanding Multiples for Home Services Businesses 🌟 Curious about the valuation multiples for home service businesses like plumbing, electrical, HVAC, and contracting? Here’s a quick breakdown: 🔹 Under $1M EBITDA: 3-4x Multiple 🔹 $1M-2M EBITDA: 4-7x Multiple 🔹 $2M-5M EBITDA: 5-8x Multiple 🔹 $5-8M EBITDA: 7-15x+ Multiple Service-based businesses will fetch higher multiples compared to those focused on construction. 📈 So, focus on building that recurring revenue! Whether you’re considering buying / selling, or growing by M&A, having a Fractional CFO on your team will increase the Enterprise Value of your business. #CFO #EtACFO #Acquisition #ETA #BusinessValuation #HomeServices #Plumbing #Electrical #HVAC #Contracting #EBITDA #Multiples #MarketInsights #recurringrevenue #ARR

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Unlock the power of payment insights with Domuso! Learn why understanding resident payment behaviors is crucial for multifamily operators in enhancing satisfaction and improving operational efficiency. From streamlining processes to identifying cost-saving opportunities, Domuso's platform offers valuable data-driven solutions. Discover how payment insights can transform your multifamily management approach today! https://hubs.la/Q02vGZSv0 #PaymentInsights #OperationalEfficiency #MultifamilyManagement

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Empress Homes: You're not comparing apples to apples." 🍎 Prospective Client: What do you mean? EH: Well, look at the bid proposals. What do you notice? PC: Builder A has a Contingency $ in place but no builder fee. PC: Builder B has a Builder Fee in place but no contingency plan. Oh.... I see now. I'm not comparing apples to apples. Why is there so much variance? EH: Well - why is there a variance at a restaurant? Do you expect a superior experience predicated on the price you pay? Do you expect La Caille restaurant to be a different experience than Little Ceasar's? P.C: I get it. Who can I trust? Who can I depend on? Who do I want to work with? EH: Now you're getting somewhere! P.C. - We didn't talk about price. Builder A is charging 18%, Builder B is charging 15% - why is Builder A showing a bid sheet that is less than Builder B? EH: Great question! Be thoughtful in your analysis. Don't succumb to high pressure sales tactics either. This is your home... and this experience is going to last 18-24 months. You're really becoming business partners with your builder. PC: How much do YOU charge? ....... Aah yes. That IS the question. 💯 If you have engineered plans and you have a home design ready to roll, we would be happy to bid out your project. Let's go build you something special!

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🚨 Is Your Multifamily Tech Solution Holding You Back? 🚨 Too often, multifamily housing operators stick with outdated tech solutions, hoping the persistent issues will just go away. The truth? The longer you wait, the more it costs—lost productivity, frustrated residents, and missed opportunities. The reluctance to change is understandable: high switching costs, fear of the unknown, and comfort in the familiar. But when chronic issues, technological obsolescence, and hidden costs start piling up, it's time to let go. Embracing new tech solutions can transform your operations, elevate resident experience, and future-proof your business. Don’t let the fear of change keep you stuck in the past. Read more in Larry Bellack's latest blog (link below). 🚀 It’s time to step up, innovate, and drive forward. #MultifamilyHousing #PropTech #Innovation #Leadership https://lnkd.in/etCi5Ewf

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Our Co-Founder and CRO, Gaurav Madani, recently shared his thoughts on Entrata’s decision to implement API fees as a step towards a more robust ecosystem. “The truth is, advancements in technology come at a cost. According to industry research, nearly two-thirds of technology companies rely on fees associated with APIs to drive revenue and fund ongoing improvements. APIs are increasingly recognized as products in their own right, capable of generating significant revenues. This trend is underscored by examples like Amazon Web Services, where APIs contribute substantially to Amazon’s profitability, highlighting the economic impact APIs can have when leveraged as a revenue source. This financial model is not unique to our sector but is a proven practice across various industries where technology plays a critical role.” Tags: #proptech #multifamily #entrata #api

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🏍 💨 Looking to speed up strategic decisions at your multifamily community or across your portfolio? We have this discussion with new users every week - keeping multiple teams aligned on asset strategy is a constant battle for many owner/operator partnerships in our industry. To make data-driven collaboration easier for multifamily teams, we've added the Overview tab to all HelloData market surveys. ➡ Open any of your saved reports and click the "Overview" tab at the top for a one-stop shop summary of rent and leasing details from your asset and its competitors. With this powerful automated summary at your fingertips, you can effortlessly keep all your stakeholders in-the-know with daily updates from your submarket. #Multifamily #Proptech #HelloData

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📊 Introducing Property Gauge: Your Multifamily Operations Intelligence Platform Property Gauge automates reporting for operators, giving back time in the day and providing clear visibility into the data generated by operations. Rather than spending hours sifting through spreadsheets and reports, let us handle the data analysis so you can start every day with actionable information: Need some examples of our Actionable information: -Lease Renewals: Identify the renewals that should have already been sent out or received back. - Work Orders: See the work orders that have been open for longer than your company's standard. - Leasing Performance: Spot the leasing agent who is struggling to convert leads into leases. Property managers know what to do when presented with problems; the challenge lies in finding the time to uncover these issues amidst the data. 📅 Let's connect: Pick a time, and we'll show you how Property Gauge can streamline your operations and enhance your efficiency. https://lnkd.in/e56gnzCF #PropertyGauge #OperationsIntelligence #PropertyManagement #PropTech #DataDriven #Efficiency #AutomatedReporting

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Transform the future of your multifamily community with PropTech IQ’s unparalleled Impact Analysis Reports. Whether you're an owner, developer, or manager of any size property, our AI-powered reports provide the precision and clarity you need to confidently drive your business forward with the right technology investments. Here’s how we help you succeed: → Accurate Projections: Our reports deliver unbiased, data-driven insights into the potential impact of new technologies on your community, from cost savings to operational efficiencies and tenant satisfaction. → Reduced Pilot Program Dependency: Say goodbye to costly and time-consuming pilots. Our thorough analysis gives you all the information you need to make informed decisions, quickly and efficiently. → Clear, Actionable Insights: We present you with clear, concise projections of actual returns, helping you avoid sub-par solutions and steer clear of cost-prohibitive options. At PropTech IQ, we empower multifamily decision-makers with the confidence to invest in technologies that truly enhance their operations and add value to their properties. Don’t get overwhelmed by the tech landscape. Partner with PropTech IQ and unlock the power of accurate, actionable insights to guide your technology investments. Explore how we can help you make the right choices for your community. Learn more and schedule your demo today! 🔗 https://lnkd.in/gJM8Cbs8 . . . #ProptechIQ #UnbiasedData #DataDrivenDecisions #PropTechRevolution #AIpoweredReports #PropertyTechnology #AIinProptech #RealEstateTech #FutureOfProperty #InnovationInProptech

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Technology + People + Data = Maximizing Converted Leads ✅ Listen to the full episode with Eric Menzies here: https://lnkd.in/gFkWXKjT #multifamily #multifamilymarketing #leasingagent #multifamilyleadership

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"Centralization gets a little bit more challenging, but at the end of the day, if it's going to make operations more efficient. If we're going to deliver a better product, if it's going to add dollars to the bottom line, there isn't an owner in the industry that is not aligned with those goals. Centralization is going to happen." -Richard Friedman https://lnkd.in/ePRwKvqu To access the complete podcast episode, click on the links provided in the comments below.

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Ever wonder how to truly optimize your multifamily investments? Join us for an exclusive glimpse into our latest podcast episode featuring Andy McQuade. Discover the game-changing TCO Method that’s shifting investment strategies from initial costs to the lowest Total Cost of Ownership. Imagine boosting your annual Net Operating Income by $6.2M and adding $98M in asset value. That’s what Andy’s clients have achieved—and now you can too. #InvestSmart #WealthBuilding #AlternativeInvestments #JKAMInvestments #MultifamilySuccess

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Multifamily #rentalproperty owners and managers are constantly seeking ways to optimize their portfolios and enhance tenant satisfaction. One proven strategy gaining traction is outsourcing turns to experienced and qualified vendors. This approach not only streamlines operations but also brings a host of benefits that contribute to the overall success of #multifamily rental portfolios. ➡️ Explore the strategic benefits in this #Lessen blog: #multifamilyrealestate #proptech

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Multifamily property owners and operators are continually seeking ways to enhance the performance of their investments. In order to optimize their assets, owners and operators must leverage data to make informed, strategic decisions. Explore how data can transform multifamily property management, leading to maximized returns on investment. https://lnkd.in/dqBnUuak #data #dataanalytics #datavisualization #commercialrealestate #cre #assetmanagement #mulitfamily #proptech #navigatorcre #aggregateddata #businessintelligence #knowtheway 

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Catch this engaging snippet from The Multifamily Podcast with Ronn and Martin! In this episode, Brooke Atsalis shares insights on building a strong brand identity for new construction in the multifamily sector. Discover the strategies to make your new property stand out. Subscribe for more expert advice! #MultifamilyPodcast #BrandIdentity #NewConstruction #PropertyManagement #SubscribeNow https://bit.ly/3VMYjrC

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Want to turn vacant units into leased units faster? Multifamily Dive shares five ways technology can get #multifamily units move-in ready faster. See how you can streamline the make-ready process and maximize occupancy rates: https://heyor.ca/UwCoyI #PropertyManagement #MoreWithLessen

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