Real Property Management
#491 Franchise 500| Property management

Real Property Management
Property management

About
Founded

1986

Franchising Since

2004 (15 Years)

Corporate Address

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

CEO

Mike Bidwell

Parent Company

Neighborly

Financial Requirements
Initial Investment

$86,795 - $117,795

Net-worth Requirement

$150,000

Liquid Cash Requirement

$86,795 - $117,795

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

15% off franchise fee

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

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

SEO

Website development

Email marketing

Loyalty program/app

Classroom Training:

66.5 hours

Additional Training:

Online training, 7 weeks; ongoing advanced training

Number of Employees Required to Run:

1 - 3

Real Property Management is ranked #491 in the Franchise 500!
Bio
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.
Cost
Initial Investment: Low - $86,795 High - $117,795
Units
+11.9%+33 UNITS (1 Year) +13.1%+36 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Canada
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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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: August 26th, 2019