Real Property Management

Real Property Management

Property management
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2021 Franchise 500 Rank
#245 Ranked #301 last year
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Initial investment
$101K - $155K
Units as of 2020
337 21.7% over 3 years

Company Overview

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.

About Real Property Management

Founded
1986
Parent Company
Neighborly
Leadership
Jeff Pepperney, Brand President

Franchising Overview

Franchising Since
2004 (17 years)
# of employees at HQ
900
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees in the following international regions: Canada

# of Units
337 (as of 2020)

Franchisor Information

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

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
$55,000
Initial Investment
$101,224 - $154,974
Veteran Incentives
15% off franchise fee
Royalty Fee
7%
Ad Royalty Fee
1-2%
Term of Agreement
10 years
Is franchise term renewable?
Yes

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.

Classroom Training
66.5 hours
Additional Training
Online training, 7 weeks; ongoing advanced training
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
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
1
Are exclusive territories available?
Yes

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.

Ranked #245

Franchise 500 Ranking

Ranked #116

Top Global Franchises

Ranked #121

Top Franchises for Veterans

Ranked #42

Top Franchises for Less Than $150,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021