Franchise: Real Property Management

Initial Investment
LOW:$86,795
HIGH: $113,795
Change in Units
+1.1% +3 UNITS (1 Year)
+12.1% +30 UNITS (3 Years)

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Internet
Marketing Support
Ad Slicks
National Media

Training at headquarters: 4 days

Additional Training: Online training, 7 weeks; ongoing advanced training

Number of employees required to run: 1 - 3

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.

Founded

1986

Franchising Since

2005 (12 Years)

Corporate Address

1455 W. 2200 South, #300 Salt Lake City, UT 84119

CEO

Lukas Krause

Parent Company

Property Management Business Solutions LLC

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: See List

Financial Requirements

Initial Investment

$86,795 - $113,795

Net-worth Requirement

$150,000

Liquid Cash Requirement

$90,000

Ongoing Fees

Initial Franchise Fee

$45,000 - $45,000

Ongoing Royalty Fee

7%+

Ad Royalty Fee

to 2%

Financing Options

Real Property Management has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs

Veteran Incentives


10% off franchise fee

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: June 21st, 2017

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