Real Property Management Franchise

Are you interested in owning a franchise in the lucrative and ever-growing field of property management? Real Property Management (RPM) offers a promising business model with robust support systems designed to help you thrive in managing residential properties. Read on to learn more about this compelling franchise opportunity.

Franchise Overview

• Business Began: 1986
• Franchising Since: 2004
• Headquarters: Waco, Texas
• Estimated Number of Units: 440+

What Makes Real Property Management Unique?

Real Property Management stands out in the property management industry by offering comprehensive services such as maintenance and repair management and rent collection. The franchise model allows you to operate within a metropolitan area with a population exceeding 100,000. In some cases, franchises are also granted in areas with populations under 100,000 or even 60,000 for existing franchisees.

Training and Support

Real Property Management provides extensive training to ensure that franchisees are well-prepared for success:

• Initial Training: Held in Waco or Dallas, Texas, or designated locations. Includes a mix of in-person and virtual sessions.
• Support Training: Begins within 10 days after completing initial training, includes six weeks of sales training delivered through webinars and conference calls.
• Ongoing Training: Annual conferences and additional training programs at franchisor’s headquarters or other locations.

Territory Rights

Franchisees receive rights to operate within a specified territory that typically has a population of over 100,000 people. The agreement also includes limited territorial protection. Existing franchisees can expand into territories with populations as low as 60,000.

Franchisee Obligations and Restrictions

• Franchisees or designated managers must have completed the training program.
• A licensed real estate broker may be required due to applicable laws.
• Only goods and services that meet franchisor standards can be sold.

Investment Breakdown

The estimated initial investment for starting a Real Property Management franchise ranges from $91,718 to $266,218. Here is a breakdown of key costs:

• Initial Franchise Fee: $59,900
• Marketing: $8,000
• Real Estate/Rent: $2,250 - $6,000
• Insurance: $6,250 - $7,250
• Training, Travel, Food: $1,000 - $1,500
• Additional Funds (3 months): $5,000 - $175,000

Ongoing Fees

Franchisees are obligated to pay various ongoing fees, including:

• License Fee: Minimum of 7% of gross sales plus 3% of maintenance revenues
• Marketing Fee: 2% of non-maintenance gross sales
• System Technology Monthly Fees: $106
• Annual Convention/ Reunion Fees: $1,000

Support for Veterans

Honorable discharged U.S. veterans who qualify for purchasing a Real Property Management franchise receive a 15% discount off the minimum initial franchise fee.

Term and Renewal

The initial franchise term lasts for 10 years, with an option to renew for an additional 10-year term, provided that renewal criteria are met.

Financial Assistance

Under specific conditions, the franchisor may offer to finance a portion of the initial franchise fee. The decision is based on factors like the franchisee’s creditworthiness and available collateral.

Key Takeaways

• Extensive training and ongoing support designed to ensure your success.
• A well-defined territory with exclusive rights to operate within it.
• Comprehensive services with a proven business model.
• Attractive financial incentives for veterans.

Ready to Get Started?

To learn more about the Real Property Management franchise opportunity, download the franchise disclosure document (FDD) or fill out the free information request form on this page. Start your journey towards owning a successful property management business today!