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Real Property Management

Owning Your Patch of the Rental Market: A […]

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Franchise Costs and Requirements

Franchise Details

Year Established: 2006
Category Locations: Office
Available Ownership Type: Executive,Owner Operator
Corporate HQ City: Waco
Corporate HQ State: TX
Investment Range: $100,000+
Canada Franchising: Yes
Latin America Franchising: Yes
India Franchising: Yes
Franchise Fee: $59,900
Royalty Percentage: 7%
Veteran Discount: Yes
E2/EB5 Visas: Yes
Master Franchise Opportunities: Yes

Background

Owning Your Patch of the Rental Market: A Look at Real Property Management FranchisesReal Property Management, a powerhouse in the residential property management world, offers enterprising individuals the chance to own a franchise backed by extensive experience and a renowned brand. Founded in 1986 and franchising since 2004, RPM boasts a network of over 300 locations across the US and Canada, solidifying its position as the industry leader. This established presence translates into substantial benefits for franchisees.Joining the RPM network grants you access to a proven business model that has weathered market fluctuations and consistently delivered success. This model hinges on providing comprehensive property management services for single-family and condominium homeowners, as well as managing company housing for large firms. From rent collection and tenant screening to maintenance and repairs, RPM franchisees handle every aspect of property management, freeing owners from the burden of day-to-day responsibilities. This comprehensive service offering creates a strong value proposition, attracting a steady stream of clients and driving franchisee growth.However, the true power of an RPM franchise lies beyond the business model. Franchisees tap into a wealth of resources and support that set them apart in the competitive world of property management. The franchisor provides extensive training programs, equipping franchisees with the knowledge and skills needed to navigate the complexities of the industry. Additionally, RPM leverages its national brand recognition and marketing expertise to generate leads and build local brand awareness, giving franchisees a significant edge in acquiring new clients. Furthermore, ongoing operational support, technology solutions, and a robust peer network ensure franchisees are never alone in their entrepreneurial journey.In essence, a Real Property Management franchise empowers you to carve out your own niche in the thriving rental market. It offers the security of a proven system, the backing of a trusted brand, and the unwavering support of a vast network. If you're looking to leverage your entrepreneurial spirit and tap into the lucrative world of property management, owning an RPM franchise might be the key to unlocking your success.

Support & Training offered by Real Property Management

Support and Training for a New Real Property Management FranchiseReal Property Management (RPM) offers extensive support and training to its franchisees, covering everything from pre-opening preparations to ongoing operations. Here's a breakdown of what you can expect:Pre-Opening:Sure Start Training Program: This 8-12 week comprehensive online program guides you through franchise operations, property management fundamentals, local business setup, and marketing.Franchise Business Coach: You'll be assigned a dedicated coach who supports you throughout the onboarding process and beyond, offering guidance and accountability.Real Estate Licensing: RPM helps you obtain the necessary real estate licenses in your state.Online University Access: Gain access to online courses on property management practices, technology, and customer service.Marketing Strategies: You'll receive customized marketing recommendations and access to national vendor accounts and online/offline marketing tools.Grand Opening and Beyond:4-Day New Franchise Training: Attend in-person training at RPM headquarters covering key operational aspects, technology, and best practices.Operations Manual and Resource Library: Access a detailed manual and over 500 forms, checklists, and job aids for smooth operations.Dedicated Support Team: Get expert help from property management, HR, IT, marketing, accounting, and business coaching professionals.Online Intranet: Connect with other franchisees, share best practices, and access valuable resources on the secure intranet.Regional and National Conferences: Attend events to network with fellow franchisees, learn from industry experts, and discover new strategies.Ongoing Training and Updates: RPM regularly hosts webinars, workshops, and conferences to keep you informed about best practices, industry trends, and new technologies.Additional Support:Volume Purchasing Power: Benefit from negotiated discounts on insurance, technology, and other business supplies.Brand Recognition and Reputation: Leverage the established Real Property Management brand and its strong reputation.Field Operations Support: Regional field representatives provide additional on-site guidance and support.Technology Platform: Utilize RPM's robust property management software for efficient operations and tenant communication.Overall, Real Property Management's support and training program is designed to ensure your success as a franchisee. You'll gain access to comprehensive resources, expert guidance, and a strong network of peers to help you navigate the property management industry and build a thriving business.

Additional Information

Category Location Office
Number of Units Open
Investment Range $99,392 - $146,542
Master Franchise false
Home based franchise YES
Item 19 Franchise YES
Veteran Discount YES
Franchise Opportunities in Canada YES
International Franchise Opportunities
E2/EB5 Visa Franchise YES
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