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Real Property Management

2014 Franchise 500
#154
At a Glance

Products & Services: Property management

Number of Locations: 260

Total Investment: $56.6K - $99.9K

Founded: 1986

Began Franchising: 2005

About Real Property Management

In 1983, Kirk McGary and two friends began offering residential property management services in order to make money while attending college. Shortly after McGary graduated, his father was laid off, and McGary suggested that they start a property management company together. The company, which began franchising in 2004, offers residential and commercial property management services including marketing, leasing, maintenance, collections, evictions, accounting, inspections and legal compliance.

Franchise Units

Year U.S. Canadian International Company Owned
2014 255 5 0 0
2013 230 5 0 1
2012 217 5 0 1
2011 154 5 0 1
2010 133 7 0 1
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $56,550 - $99,900
Franchise Fee: $20,000 - $40,000
Ongoing Royalty Fee: 7%+
Term of Franchise Agreement: 5 years, renewable
Veteran Incentives: 10% off franchise fee
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 4 days. Online training, 7 weeks; ongoing advanced training
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: Online

Franchise Ranking History

Franchise 500®: #154 (2014), #143 (2013), #159 (2012),
Fastest-Growing: #78 (2014), #64 (2013), #57 (2012),
Low-Cost: #19 (2013), #24 (2012),
America's Top Global: #166 (2014), #131 (2013), #128 (2012),