Established
1986
Franchise Units
450
Minimum Investment
$91,796
Franchise Fee
$59,900
Total Investment Range
$234,150
Home Based
No
Description
Real Property Management is the nation’s trusted leader in residential property management. Founded in 1986 and franchising since 2006, Real Property Management has grown into a dominant brand with over 400 franchise locations across all 50 states. The company’s franchisees currently manage more than 68,000 rental homes, representing over $18 billion in assets under management.
Known for its robust support system, proprietary technology, and industry expertise, Real Property Management empowers entrepreneurs to build scalable businesses in a fast-growing market. With a strong national presence and a proven franchise model, RPM offers a compelling opportunity for individuals seeking recurring revenue, low overhead, and the backing of a powerful brand in the residential real estate space.
Background
Established: 1986
First Unit Franchised: 2006
Franchised Units: 450+
Company Owned Units: 0
States Registered In: All
Canada Franchises: No
International Franchises: No
Support Training
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.
Ideal Candidate
A property manager’s role is multi-faceted: to find and screen tenants, process rent payments, provide property inspections, coordinate maintenance and repairs, monthly trust accounting and process evictions when necessary. As the owner of the business, your candidate would be selling their services to property owners and investors, working with real estate agents and other real estate professionals to gain business referrals, and managing their business and staff.
IDEAL CANDIDATE: Our ideal candidate is a strong communicator - both written and verbal. Business development is key to the owner's role, so sales experience or a natural comfort in relationship building and networking is preferred, although it can be hired if necessary. Comfort in using web based systems and technology is beneficial and integrity is key as our owners manage large assets for their clients.
Our mission is to become the most recognized, respected and successful property management organization in America.
Financial Detail
Total Investment: $91,796-$234,150
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.