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Real Property Management

Real Property Management is the trusted leader in residential property management nationwide.

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Real Property Management

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Real Property Management Franchise Cost and Requirements for 2024

Background

Residential property management has become one of the fastest growing industries in the country. More than one third of all residential households in the U.S. are rentals and, on average, only 20% of those rentals are being managed by a professional. Therefore, the demand for quality property management companies is extensive and increasing. Millenials are often burdened with college loans and prefer the flexibility of renting over buying. Boomers who were affected most by the housing downturn have become the fastest growing segment of renters in the US as they considering downsizing for retirement. Couple that with higher credit lending standards and prices for properties on the rebound and fewer Americans in general can afford to buy, resulting in an increased number of investors and investor groups purchasing the homes that are available. Advances in technology have made it possible for those investors to acquire real estate outside of their local markets. All of this has enhanced the growth and profitability potential for property management companies substantially. In any economy, people need housing. The industry is stable and generates consistent monthly revenue in times of both recession and inflation.

Where Real Property Management separates themselves from the rest is in their proven systems and tools, world class training and leadership team, industry research and testing, marketing materials and planning, automation and technology, and national partnerships that offer discounts on daily operations and/or additional revenue streams. These differentiators allow Real Property Management franchise owners to manage accounts more efficiently and maximize the revenue generated per unit compared to their competition. Thus, allowing the business to scale. Scale doesn't happen overnight, but once achieved can offer the franchise owner the luxury of stepping out of the day to day operation, reaping the rewards that this opportunity can offer from a more passive position over time.

Company Details

Established: 1986
First Unit Franchised: 2006
Franchised Units: 425+
Company Owned Units: 0
States Registered In: All
Canada Franchises: No
International Franchises: No

Support and Training Offered By Real Property Management

Financial Assistance Provided: No
Site Selection Assistance: NA
Lease Negotiation Assistance: NA
Recruiting Assistance: NA
Co-Operative Advertising: NA

Training: Most of our franchisees had no previous property management experience. In between signing the franchise agreement and opening their doors is 8-12 weeks of on-boarding training. This provides time for the franchisee to obtain their Real Estate license and take property management courses in our online university, as well as perform local business set up items. The week before opening their doors, they will spend 4 days at our corporate headquarters for New Franchise Training. Our ongoing support is extensive. Our support team includes property managers, HR, IT and marketing professionals, accountants, and business coaches who provide additional training and expert advice. We also have an intranet accessible only to our franchisees which includes a detailed operations manual and a library of over 500 forms, checklists, and job aids.
Neighborly Webinar with Austin Meek

2024 Franchise Requirements Needed to Own a Real Property Management Franchise.

What does a Real Property Management Franchise Cost?

Real Property Management franchise fees for 2024:

Total Investment: $91,718-$266,218
Minimum Net Worth: $250,000
Franchise Fee: $59,900
Royalty: 7% non-maintenance/3% maintenance 
Ad: 2%
Average Number of Employees: Varies
Item 19: Yes
Visa Candidates: Yes
Passive Ownership: No
Home Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes - Veterans receive a 15% discount off of the franchise fee.


Is Real Property Management a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Real Property Management is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Real Property Management a Home Based franchise?

No. Real Property Management is not a home based franchise opportunity.

What Do Real Property Management Franchise Owners Make?

Click here to find out how much Real Property Management franchisees make. Real Property Management offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Real Property Management a Master Franchise Opportunity?

No. Real Property Management is not a master franchise opportunity.

Does Real Property Management Offer a Veteran Discount?

Yes. Real Property Management franchise does offer a veteran discount.

Does Real Property Management Work with E2 Visa and EB-5 Visa Candidates?

Yes. Real Property Management franchise does work with E2 Visa and EB-5 Visa candidates.

Is Real Property Management Looking for Franchisees in Canada?

No. Real Property Management franchise is not looking for Canada franchisees.

Is Real Property Management Looking for International franchisees?

No. Real Property Management franchise is not looking for International franchisees.

Where can I see Real Property Management's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Real Estate, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

$100,000 - $250,000

Master Franchise

No

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

Yes

Real Property Management Franchise Reviews

Real Property Management Franchises for Sale

Click Here to inquire about existing Real Property Management franchises for sale. We may have Real Property Management franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

Franchises Similar to Real Property Management

Office Evolution, Global Garage Flooring & Design, HouseFix, Venture X, Dynamo Surfaces, 1st Class Real Estate, Decorating Den Interiors, Century 21, RE/MAX, Berkshire Hathaway HomeServices, Keller Williams, NextHome, HomeSmart, Vegan Fine Foods, HOMEstretch, Pillar To Post Home Inspectors, One Nation Solar

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

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