When it comes to success, the road taken to get there may be a different one for each person. No two people are exactly alike, so it makes sense that becoming successful is a uniquely individual process. The industry you choose should be a good fit for your skills, personality, and financial goals. Otherwise, no amount of hard work will bring you the kind of satisfaction that the right career has to offer.
When considering a new business venture, it’s important to complete a thorough investigation of the opportunity. A solid investment opportunity is one that will hold up under scrutiny. If you’re thinking about a Real Property Management franchise, we’d like to have an open and honest dialogue with you about what we’re looking for in franchise owners and what your professional goals may be. While you’ll learn all about what we have to offer and preview our unique business model, ultimately it is who you are that interests us most.
It’s important that you understand your own traits and values and that you are able to articulate your life goals. While it might be true that traveling salespeople make a lot of money, that life is not right for everyone. In the same way, when considering a Real Property Management franchise, it’s important to critically assess your skills and decide whether you are a good fit for the property management industry. While there is plenty of room to make the profession your own, there are still a few characteristics that are important for potential franchise owners to possess. An outgoing personality, strong communication skills, and an enjoyment of networking are all key traits of a successful franchise owner. Professionalism is also key – the one thing the property management industry doesn’t need is more amateurs.
This mutual investigation process is a vital first step toward becoming part of the Real Property Management team. Our franchise owners are partners, and whether we ultimately get to a yes or a no is less important than making sure that the business opportunity you’re investigating is truly the right one for you.
The property management industry is here to stay. Unlike other trends or temporary investment booms, property management is a stable industry. Right now, on average, about 1 out of every 3 homes in your neighborhood is a rental home. While the industry may evolve to meet the needs of new generations of renters, the need for quality property management companies isn’t going anywhere. That is why we want to be sure that we have enthusiastic new franchise owners who can bring intelligence and professionalism to the business.
The Real Property Management team includes over 300 locations nationwide, which amounts to more than 1,000 employees across the country. Each one of these people, from office owners to support staff, is dedicated to changing an industry. Would you like more information about being a part of the change? Contact us!
Fear is a powerful thing. It can be the driving force behind professional success, or become a barrier between you and your goals. Fear of failure can keep you stuck in ‘analysis paralysis’ constantly looking at new opportunities, but never picking a single path. Even if you do pick a path, fear of failure can keep you from taking the first step. While these are not unreasonable fears – any new business venture does include risk – it’s important to ask yourself one key question: If I keep doing what I’m currently doing, will my family achieve our financial and retirement goals?
If your answer is anything but an enthusiastic “Yes!” it’s important to stop and define for yourself what success looks like. Consider what might happen if you invest in a business with a proven franchise model: not only will you decrease fear of the unknown, but also will see reduced risk, increasing your chance for success.
If you have strong communication skills, enjoy networking and interacting with people, and want to be part of changing the standard for property management companies in your area, a Real Property Management franchise might be the right fit for you. Not only will you receive expert guidance and advice, you’ll become a leader in redefining what property management can be for both the investors and the residents you serve in your local community. The industry needs passionate professionals, like yourself, to offer quality property management services to the public.
Unlike other franchise opportunities that have a limited life expectancy due to current trends, property management has been around a long time and isn’t going anywhere. It is one of the most stable industries you’ll find, which means the business you’ve invested so much of yourself into won’t disappear in five years. The industry potential is substantial and growing: right now, in your own neighborhood, there’s a good chance that 1 in every 3 homes is a rental.
With over 300 locations nationwide and over 1,000 employees, Real Property Management is helping homeowners and real estate investors nationwide to grow their wealth and manage their properties. Our team of experts and franchise owners is dedicated to changing the property management industry for good. Would you like more information about being a part of the change? Contact us!
Investing in rental properties and managing those properties require separate skills, knowledge, and connections. And although not many people have all these skills and connections, there are some who do. One of them is the owner of Real Property Management Hometown, who has elevated his property management since purchasing a Real Property Management franchise.
John Criss began investing in investment properties in 2010 to diversify his income. He had been a pharmaceutical rep for 20 years but was often wondering about whether he would have a job the next year. He was always entrepreneurial and his father owned rental properties for years. As such, John looked into purchasing rental properties for cash flow income.
His initial purchase was a trailer park, but since then he has focused on single family homes as he’s had much more success, largely because he has gotten much better tenants with single-family homes than with mobile homes. He’s trying to sell the trailer park now because he estimates that for the sale price of the trailer park, he can buy three to five single-family homes, make double the income, and all without the headaches.
John says that his margins are great. In Southwest Arkansas, he can typically buy a foreclosed home for around $25,000 with about 20% down and a 5% rate on a five year fixed note. He typically spends about $1,000 to $2,000 to get the property rent ready. His payment works out to be around $190 to $250 per month, and he rents them at around $700 per month, and once paid off, his margins increase further. John also recently found a small bank that is willing to work with him and provides him with a great deal. He now has a 4% rate with 15% down.
He now owns 40 rental investment properties and says that he plans to purchase more investment properties soon because he is always looking, and it is “just a matter of the right deal” coming his way. “I generally buy between four and six properties per year”.
His experience in owning and managing his own rentals led him to becoming a Real Property Management franchise owner. John was laid off in 2012, and worked for his sister for a few years, but had always wanted to work for himself. He started looking at franchise opportunities and discovered Real Property Management and decided that since he was already doing this line of work, the Real Property Management franchise was a good fit for him.
Joining the Real Property Management franchise has assisted John in managing his own properties in two key ways. First, the property management software is more sophisticated. His previous software provided an overview of how all his properties were doing in one lump sum. In contrast, the software available through Real Property Management allows him to see how each property is performing, along with specific knowledge as to where his expenses are going. Second, he has improved his tenant screening significantly. Previously he would do a local background check on a tenant, but this provided limited data. With the resources available through Real Property Management, he can now perform a nationwide background check to provide a more comprehensive view of a potential tenant’s history. He also receives solid credit background information to make better decisions.
John says that he takes care of his customers’ properties the same way he does his own, although he’s particular on which properties he will take on to manage as he wants to ensure that his company will do a quality job for the customer. He spends time with a prospective customer to ensure that their properties and his management services are a good fit, and his customers trust him to do what is needed to keep their investments secure.
Want to learn more about the Real Property Management franchise? Download our brochure for more information.
Real Property Management new franchise training occurred last week. Representatives from several franchise offices attended the four-day event held at the Real Property Management Franchise Support Center. Representatives from offices soon to open in Oklahoma, Texas, Maryland, and Michigan finished the training.
Attendees learned about a variety of topics, including marketing, branding, digital marketing, social media marketing, working with new clients, leasing, maintenance, evaluations, vendor relations, and much more.
Attendees also met many members of the Real Property Management Franchise Support staff, with whom they will have significant contact as they begin their franchise offices. Here are pictures of franchise training attendees and Real Property Management employees.
Here’s a heart-warming story appropriate for the holiday season from our Real Property Management Rental Direction office in Fort Myers, Florida.
Olivia Kollar, owner of the office, tell us: “Our very own Daniel Boucinha decided to give his lunch away to our local homeless man. This is not the first time Daniel has done this, the two ran across each other for the first time over 2 decades ago. Once a month, Daniel makes a point to stop by the man’s “home,” a breeze-way located near our office building, to give this gentleman a bite to eat. With the holidays coming up, our office decided to make the homeless man’s next visit with Daniel extra special. Everyone from our office chipped in a couple of dollars and we bought him a gift card to a nearby restaurant.”
Daniel has helped those less fortunate for quite some time. He states, “I started giving food to the homeless when I was younger because I learned it is very easy for us to forget or ignore people. I would give food because I would worry if I gave money they might not use it appropriately.”
More recently, about three years ago, Daniel received a number of free meal cards to a local restaurant as a thank you for helping someone. Daniel decided that since he was fortunate enough to have a job with a decent wage to afford his own lunch, he would give the free meal coupons to people less fortunate than him. When those coupons were all given away, he began earning free meals by filling out surveys at restaurants he frequented. “What I do is really nothing special,” Daniel said. “I donate a bit of my time to fill out a survey and deliver the free food I receive to the homeless.” Daniel wishes that more people would take just a small bit of time to provide a helping hand to those less fortunate because “every little bit counts and it shows them that they haven’t been forgotten.”
The Franchise Doctor did a podcast interview with James Campbell, the owner of Real Property Management Midlands. James spent 30 years in the US Army, and upon retiring, soon became a real estate agent selling houses. A few years later, he learned about the Real Property Management franchise and soon became a franchise owner. In the podcast, James describes how he learned about the Real Property Management franchise and why he chose to become an owner. Click here to visit the Franchise Doctor’s website and listen to the podcast.
Darus Trutna went from high school to directly joining the US Army. He was soon deployed overseas, including a year in Egypt. Upon returning back to the US, he enrolled at Humboldt State University in Arcata, California, where he began studying business. While at Humboldt, he began exploring investment property options, and along with a partner, he bought his first investment property and fixed it up. However, rather than selling the revived property, he and his partner decided instead to put a renter in the house. Additionally, Darus decided to manage the property by himself, and acquired tools and other items needed for a single unit. He later purchased a second investment property and repeated the process.
Darus soon realized that property management could be a business for him. He knew about other companies’ poor reputations and saw an opportunity to compete. He started as an independent property manager, and soon started growing, and then reached a point of needing employees and better structure. As such, he started exploring franchising, which led him to RPM.
In June 2012, Darus started his Real Property Management Humboldt franchise with 35 units and by November 2013, had grown to 135 units, along with two full-time employees.
Then in November 2013, he began the acquisition of a significantly larger competing property management company, the owner of which wanted to retire.
The acquisition has presented a number of challenges. In particular, Darus needed to know how the previous owner had done things to continue servicing existing customers. He could not simply stop the previous owner’s machinery and immediately shift to his own process. At the same time, though, he built out new methods and trained staff, so that he could then replace the previous methods with his own for a smoother transition.
Darus is now at 1,585 total properties, about 1,300 are residential, along with some mixed use and commercial properties. He has a team of 17 in the office and six full-time maintenance technicians. How did he achieve such an undertaking? Darus says that he focuses on empowering his team to manage day-to-day operations. Rather than solving all the problems himself, he focuses on empowering the team and removing the obstacles for them to serve clients.
Darus says he looks forward to the bright future ahead for his team and his RPM family. One of his favorite quotes is “Entrepreneurship is living a few years of your life like most people won’t so that you can spend the rest of your life like most people can’t.”
Beth is the co-owner of Real Property Management Executives Greater Atlanta, part of the national Real Property Management franchise. Real Property Management is a privately held, Utah based corporation with over 25 years of experience providing full-service residential property management for investors and homeowners from more than 250 offices throughout the United States and Canada.
How has your life experience made you the leader you are today?
Growing up, my parents played a large role in shaping me as a leader. They were extremely hard workers and expected the same strong work ethic from me, which constantly pushed me to strive for higher heights and become a better person. They taught me to believe in myself.
How has your previous employment experience aided your tenure at Real Property Management?
I’ve gained a lot of experience in the housing industry, having been a realtor since 1996 and a broker since 2001. The in-depth knowledge I gained definitely helped when I became a Real Property Management franchise owner because I understood how the housing market worked and could better assist my clients in maximizing their rental income and preserving the value of their investment.
But what I think helped the most from my previous employment was the code of ethics that were instilled in me as a realtor, which included commitments such as treating all parties honestly in any deal. That’s helped me gain the trust of my clients, which is so important in the property management industry because people are trusting you to care for their most valuable assets.
What have the highlights and challenges been during your tenure at Real Property Management?
There’s no greater feeling and validation for hard work than being referred by a customer or tenant. I really love what I do but sometimes it can be challenging to keep both my property-owning customers and tenants happy. In difficult times, I remember the referrals I receive and they inspire me to roll up my sleeves and work hard to make both tenant and homeowner feel fairly represented and hopefully happy.
What advice can you offer to women who want to be a franchisee?
I would wholeheartedly tell them to do it, but think it through first. Find out whether the business model is profitable and ask yourself whether you’re the entrepreneurial type.
When I was scared to death to leave a steady income to open my own Real Property Management office, I was persuaded by the fact that people always told me I should run my own business. At one point in my career, I was an assistant and everyone would always say that I had too aggressive of a personality for that position, was too entrepreneurial, so that helped me ultimately decide that opening a franchise would fit my personality.
What is the most important lesson you’ve learned in your career to date?
No matter what job I’ve held, I’ve realized a key to success is working with people on their level, making them comfortable with you and treating them as you would want to be treated. People do business with people they want to be around, whom they trust, so you have to treat potential customers and business partners as real humans. You can have the best idea or best product in the world but you won’t find any takers if they can’t relate to you.
How do you maintain a work/life balance?
It’s a constant challenge. I’ve found it really helps to develop hobbies and make sure to carve time for them daily. You don’t have to make a huge time commitment either, just enough that it takes your mind off your work, even for a little bit. For example, my hobbies are exercising, knitting and crocheting. Some days I’ll come home after a hard day of work and will feel too exhausted to knit, but I convince myself to try it for five minutes. Once I begin, which is sometimes the hardest part, I suddenly feel better, relaxed and can take my mind off my work. I’ll actually want to continue!
What do you think is the biggest issue for women in the workplace?
Unfortunately, many women still grapple with sexism in the business world. I’ve experienced it too. Some men instantly think they know more than I do because I’m a woman. I think that’s because people are used to viewing men as the business leaders of the world. However, every woman business or franchise owner who sets up her own shop helps change that mindset, little by little.
How has mentorship made a difference in your professional and personal life?
Mentorship has made all the difference in the world. My business partner, Tim Grizzle, urged me to open the Real Property Management office with him. He helped me understand that we were a great partnership because he had experience owning small businesses and I had real estate experience.
Which other female leaders do you admire and why?
I’ve always admired Shirley Muldowney, AKA “Cha Cha” or the “First Lady of Drag Racing,” growing up. She was one of the first women to dominate the professional auto racing scene and break many barriers in the sport. I basically grew up in a garage, working on cars with my dad since I was 16, so Shirley, the racecar driver, was a natural role model.
When I began my professional career, however, I realized that my admiration for Shirley extended beyond her auto racing feats. I looked up to her as someone who had the courage to excel in a man’s world, break glass ceilings. As a business owner and one in a traditionally male-dominated industry such as property management, I find inspiration from Shirley.
What do you want Real Property Management to accomplish in the next year?
So far, we’ve built my office from managing 0 to 180 properties. In the next year, I would like to continue building on that success and raising awareness of our trustworthy practice in the Atlanta area.
Do You Have the Entrepreneurial Spirit? Click Here for More info on Owning Your Own Property Management Franchise!