We acquire residential property management companies from owners ready for what's next — and operate them for the next thirty years, not the next quarter. Modern systems where they help. People-first, where it counts.
The companies we admire were built on relationships, judgment, and a phone that gets answered. The pressure today isn't to replace any of that — it's to free the people doing it from the work a machine should be doing instead.
That's the work we do after closing. Not a rebrand. Not a "transformation." A patient retrofit, run alongside the team that already knows the buildings, the owners, and the neighborhood.
An AI agent answers tenant requests around the clock, asks the right diagnostic questions, and prepares a vendor-ready work order — so a human dispatches, never types.
Bank feeds, owner statements, and trust-account reconciliation run automatically against the GL. The accounting team reviews exceptions instead of keystroking line items.
Drafts — never sent on autopilot — for owner updates, tenant notices, and renewal outreach. The PM signs, edits, sends. The voice stays yours; the cadence becomes reliable.
What we don't do: replace leasing agents with chatbots, route tenants into call-center queues, or automate the relationships that earned the company its reputation.
Sweet spot is 1,500–3,500 doors under a single management contract base.
SFR, small multi (2–20 units), and mid-size multifamily. HOA considered.
Sun Belt, Mountain West, Mid-Atlantic primary. Open to others with the right operator.
Retirement, partnership unwinds, or a founder ready to hand off the operating role.
A confidential call. No materials needed. We listen to what you've built and what you want next.
You meet the operator. We share references from prior sellers and our team. NDA mutual.
Indicative range against summary financials, then a clear LOI — including our written commitments to your team.
Quality of earnings, trust-account review, contracts, owner concentration. Run with one accounting partner — your team is barely involved.
Funded close. A 90-day shoulder-to-shoulder period with you. Then the team continues, with new tools and the same standards.
I'm an operator first. I served as a U.S. Army officer in Iraq and Afghanistan, received my MBA from Wharton in 2016, and advised large enterprises on operations and big data at BCG. After consulting I built my own single-family rental acquisition company — and through that work found my real focus: property management.
Today I run CPM Partners, the residential PM firm I've operated for years alongside the same team that was there on Day 1. Shoemaker is the next chapter — built to do for one or two more companies a year what I learned to do for my own.
That experience is the reason this is a real promise and not a brochure. I've sat in the seat. I know what it's like to wonder whether the people who answered every late-night maintenance call will still have a job in twelve months. The answer here is yes — and we put it in writing before we ever talk price.
I'm looking for one or two more companies a year. Not a portfolio to flip. A small number of businesses I can know well, run alongside their operators, and hold for a long time.
Continuity is our default. We acquire these companies to grow them, not gut them — the team is the asset, and our written commitments to compensation, role security, and benefits are part of the LOI before price is finalized.
That said, we don't pretend every business is run perfectly on Day 1. Where roles are misaligned, where someone is in the wrong seat, where the company is genuinely overstaffed — we'll make decisions over time, with you, with notice, and with severance. What we will not do is acquire a company and immediately cut it for spreadsheet reasons. That's not the business we're in.
No. We acquire under the existing brand and keep it. Tenants, owners, and vendors continue working with the company they already trust. The legal entity may move; the name on the door, the email signatures, and the phone greeting do not.
It means specific, boring wins — not a transformation program. Your accountants stop keystroking bank feeds. Your maintenance dispatcher stops being a typist for tenant calls at 11pm. Your property managers spend Friday afternoons on owner relationships instead of drafting renewal letters.
Everything stays human in the loop. Nothing goes out under your company's name without a person reading it first.
A multiple of normalized EBITDA, anchored to recurring management revenue, owner concentration, and team retention. We share our framework on the first call — no black box, no late-stage retrades. If we shake hands on a number, that's the number.
A 90-day shoulder-to-shoulder handoff is the minimum we ask for — most founders find it works for them too. After that, an optional advisory role for the next year if you'd like to stay involved. Founders who want a clean break get one once the handoff is complete. Founders who want to keep building can keep building, with someone else holding the pager.
One-page mutual NDA before anything substantive is shared. Diligence is run through a single accounting partner under a clean room — your staff isn't involved until you decide to involve them. We've never had a process leak to a team before the founder was ready to tell them.
Thirty minutes. Confidential. No deck, no materials, no ask. If there's a fit we'll know — and so will you. If there isn't, you'll have an honest read on what your company is worth in this market.
Or email directly: aaron@shoemakerpma.com