Real Property Management Franchise Versus Start Up Business
If you’re interested in opening a property management business, you have a couple of choices: You can join a proven franchise system like Real Property Management, or you can build a property management company on your own. The low barriers to entry in the industry make property management seem simple from the outside, but there is more than meets the eye. There are advantages to joining a franchise that are unobtainable on your own. These advantages have helped new entrants in the business, but have also enticed successful independent property management businesses to convert and join the Real Property Management family.
We are the largest property management organization in North America with a network of 300 offices and over 30 years of industry experience. Our brand power gives you a competitive advantage when talking to investors about turning over their large assets to you. It also creates potential to engage in unique opportunities with large multi-state investors who want a consistent brand managing all their inventory nationwide.
Although we have independent property management companies that have converted to our brand, most of our owners had zero property management experience prior to joining our team. We have a team of professionals ready to hold your hand through every step in your business setup. We then host a 4-day face-to-face training session in our corporate headquarters before you open your doors. Furthermore, we have an online university, as well as a detailed operations manual and a library of over 500 references available.
Aside from the initial training provided to you, Real Property Management’s expert team assists you in handling the challenging aspects of the business, such as evictions and Fair Housing laws. Aside from Property Management experts, you have a team of business coaches, IT professionals, offline and online marketing executives, as well as other important personnel to support you in every step and maturity in the business, eliminating the guesswork that often accompanies starting alone.
Innovative Systems and Processes
We are a data-driven organization. Our state-of-the-art operating systems and processes are essential in evaluating the performance of each of our offices. We use benchmarking to determine best practices and provide a continuous feedback loop to our franchise offices, resulting in regular improvement. Without this feedback loop, it can be easy to get stuck in a rut.
As a Real Property Management franchisee, you receive automatic access to a diverse range of world-class marketing tools. From customizable websites to videos, print media, brochures, direct mail, client newsletters, PR, and broadcast advertising, Real Property Management has a wealth of resources. These resources have been researched, tested and refined repeatedly. You also have marketing professionals who are only a phone call away to assist you. However, if you start a business on your own, a significant amount of money would need to be spent to create marketing materials, and many of the aspects mentioned here you would simply be unable to afford or recreate.
With our strategic alliances, many business necessities come at a reduced rate for franchise owners, lowering your costs on maintenance and repair supplies, insurance, vacancy advertising, software, credit checks, payroll servicing, and other aspects. We’ve also spent time evaluating best in breed offerings, saving you significant time as well as helping to increase profit potential.
Support from Fellow Franchise Owners
Over 300 Real Property Management offices support one another in sharing effective practices and advice. Franchise owners develop a sense of friendship together from annual gatherings, regional summits, and monthly system calls and webinars. With Real Property Management, you are not alone, you are making a decision to join a family.
As you can see, there are a large number of benefits available to you as you start your property management company in becoming a Real Property Management franchisee. Would you like to learn more? Please download our brochure or contact us.