Real Property Management

Property management
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2024 Franchise 500 Rank
#112 Ranked #187 last year
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Initial investment
$92K - $266K
Units as of 2023
438 Increase 30.0% over 3 years

Founded in 1986, Real Property Management is one of the largest single-family property franchises in the U.S. real estate industry. With efforts put in by franchises like these, the real estate industry has become a fast-growing sector in the U.S. economy. 

After beginning to franchise in 2004, Real Property Management keyed into the growing rental sector with franchisees across America. They offer third-party property management services for single-family and condominium homeowners and company housing for large firms. The company also provides services that include the maintenance and repair of real estate, rent collection, and management.

Real Property Management has over 300 locations across the United States and a handful in Canada. They are looking to continue to grow. 

Why You May Want to Start a Real Property Management Franchise

Real Property Management is one of the most decorated and largest real estate management franchises in the U.S. The success of the franchise relies on the strength and success of the property management industry. A decent chunk of residential buildings in the country are rentals. The demand for rent management companies means Real Property Management could offer a stable franchise opportunity.

Many times in the past decade, Real Property Management has been ranked in Entrepreneur’s Franchise 500 based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

What Might Make Real Property Management a Good Choice?

Real Property Management thrives on the property management industry, its leadership position in the industry, world-class support, and nationwide franchise opportunities. The franchise also provides training, professional marketing, and volume purchasing power to its franchisees.

Suppose your net worth and available liquid capital match the brand’s requirements. In that case, you may qualify to open a Real Property Management franchise. You should be prepared for an initial investment made up of a franchise fee and other startup costs. In addition, you will be subjected to ongoing fees, including royalty fees, advertising fees, and potential renewal fees. The average term of agreement for a Real Property Management franchisee is ten years with the opportunity to renew for a sum if both parties wish to remain in business together.

Real Property Management has partnered with third-party sources to help franchisees cover the franchise fee, startup costs, inventory, equipment, and payroll.

How to Open a Real Property Management Franchise

Before accepting the franchise agreement, you'll be given the opportunity to review details for available franchise opportunities and contact existing franchisees, who may answer any questions you may have. There may also be an opportunity to attend a discovery day at company headquarters in Salt Lake City, Utah. A team of professionals will be waiting to answer any questions you may have regarding franchise operations.

Once you've accepted the franchise agreement and paid the applicable fees, you'll complete a multi-week training intensive at your chosen location, followed by a multi-day hands-on session at the company headquarters. After that, your property management franchise will be ready to open. You will receive continued support from the Real Property Management company as you go about your new life as a Real Property Management franchisee.

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Company Overview

About Real Property Management

Industry Business Services
Related Categories Property Management, Real Estate , Miscellaneous Maintenance Businesses, Miscellaneous Services
Founded 1986
Parent Company Neighborly
Leadership Jeff Pepperney, Brand President
Corporate Address 1010 N. University Parks Dr.
Waco, TX 76707
Social Facebook, Twitter, LinkedIn, YouTube

Business Overview

Franchising Since 2004 (20 years)
# of employees at HQ 1,600
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises in the following international regions: Canada

# of Units 438 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Real Property Management franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
Initial Investment Information Circle
$91,718 - $266,218
Net Worth Requirement Information Circle
Cash Requirement Information Circle
Veteran Incentives Information Circle
15% off franchise fee
Royalty Fee Information Circle
Ad Royalty Fee Information Circle
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Real Property Management has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 184.5 hours
Classroom Training 42 hours
Ongoing Support
Purchasing Co-ops
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
Website Development
Email Marketing
Loyalty Program/App


Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
Can this franchise be run part time? Information Circle
# of employees required to run 1-3
Are exclusive territories available? Information Circle
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Franchise 500 Ranking History

Compare where Real Property Management landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Real Property Management ranked on other franchise lists? Find out below.

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Updated: December 12th, 2022