What do I do now? Where do I fit in? Should I go back to school? What kind of job am I going to get?
These are natural questions for any military veteran transitioning back into civilian life. We understand that such a change can be very exciting, but at the same time, completely overwhelming and terrifying!
We know and deeply respect that you have committed years of your life to your country. You’ve selflessly served and protected the freedoms we enjoy. You. Are. A. Hero. You’ve proven to yourself, and everyone around you that you can do hard things. So, before you start mass-producing resumes in hopes of landing a mediocre job, consider doing something more for yourself and become an entrepreneur!
Skills you gained in the military – using systems, adhering to processes, working as a unit, leading a team, dealing with day-to-day challenges, understanding the competition—are all valuable in owning your own property management business.
Don’t know where to start? That’s where we come in. Here are three reasons military veterans make top-notch Real Property Management franchise owners:
The Real Property Management franchise system provides a complete blueprint for success. It provides systems, tools, resources, and support to help owners thrive. Of course, this doesn’t eliminate the need for complete dedication and commitment from a franchise owner, but the framework is clear. This is something you may relate to, as most vets are very independently minded, yet able to follow a process, and get things done!
Part of being a Real Property Management franchise owner is understanding that there are certain guidelines provided about how to run the business, and following them is the best course of action. These guidelines are in place for the protection and betterment of your business, and our brand as a whole. Our internal franchise business coaches have found that the franchisees who are most successful are simply those who follow our established system. Those who think they know better, focus only on their own interests and try to do things their own way end up struggling. Our approach has been built over 30 years with input from hundreds of franchisees. The collective knowledge and best practices are hard to beat.
Veterans like you tend to understand this concept better than most. Sometimes decisions are made that you may not completely agree with but are the best decision for the group. Being able to swallow your pride, trust the system, and do your job is what will help you truly stand out from the rest.
One Team Approach
“A rising tide lifts all boats.” This is an adage that rings true in the ears of the most successful franchises. It is something that our veteran franchisees agree with as well. There is strength in numbers and strength in a team. We understand that starting a business can be intimidating, but you’re not alone.
A franchise is only as strong as its franchisees, so you can bet that the support offered to Real Property Management franchise owners is world-class. We realize that your success determines our success as a company overall. When you join Real Property Management, you’re plugging yourself into a network of hundreds of other owners who want you to succeed as well! To be able to bounce ideas off your peers and continually learn from them and collaborate with them is truly invaluable. When we work together, it benefits the entire group for the better. Franchising provides the opportunity to go into business for yourself, but not by yourself.
New franchise training for new Real Property Management offices was held last week in Salt Lake City. Representatives from new and existing franchises attended the four-day event held at the Real Property Management Franchise Support Center. Offices from Illinois, Texas, Virginia, and Virginia were represented.
Attendees learned about a large number of topics, including marketing, digital marketing, social media, working with new clients, leasing, maintenance, evaluations, vendor relations, and much more
Attendees also met many Franchise Support staff members, with whom they will have much contact as they begin their new businesses. Below are some pictures of franchise training attendees and Real Property Management employees.
Property Management Business Solutions, LLC (PMBS), franchisor of Real Property Management, recently hosted a roundtable meeting with U.S. Representative Chris Stewart (UT) and U.S. Chamber of Commerce representatives, the International Franchise Association (IFA), and other franchisors regarding joint employer policy affecting locally owned businesses.
The meeting was initiated by the Coalition to Save Local Businesses, spurred by the National Labor Relations Board’s (NLRB) recent actions to change the joint employer standard used to determine when separate employers share responsibility and liability for the same employees. After decades of protecting businesses from liability that shouldn’t be theirs, the NLRB now allows regulators to potentially find joint employer liability in almost any business contractual relationship.
“As a national company and leader in the property management industry, we welcomed the opportunity to bring together government leaders and business owners to discuss this important issue,” said John Gohde, PMBS Chief Operating Officer.
“Joint employer legitimately threatens the franchise business model. If franchisors are liable for franchisee actions, they will stop franchising. Then, rather than locally owned businesses on Main Street, you’ll have big corporations. Ultimately, the joint employer threat will destroy small businesses over time. We are encouraged by Congressman Stewart’s knowledge and experience working with Congress in this area, and his commitment to further the discussion in Washington.”
Through the Coalition to Save Local Businesses, the IFA seeks a permanent solution on joint employer policy to protect franchise businesses from undeserved liability for another firm’s workers.
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.
The 2016 Real Property Management Mid Year Conference last week in Park City was a success! We had a large number of Real Property Management franchise owners and employees attend to network with other franchises. They also attended a number of break out workshops on operations, accounting, and marketing. Franchisees also took advantage of a Franchise Support Center Showcase, in which they could talk face-to-face with a number of support center staff.
The 2017 Real Property Management Annual Conference will be held February 20 and 21 in Atlanta, Georgia, at the Regency Hyatt Hotel.
Dan Hayes purchased a Real Property Management franchise in August 2015. Within the first year, his Real Property Management Solutions office in Portland, OR, received the 2016 Rising Star Award by the Real Property Management franchisor, Property Management Business Solutions, Inc.
Q: How long have you owned a franchise?
I opened in August 2015.
Q: Why franchising?
Joining a franchise provides access to proven systems and resources for franchisors and franchisees to achieve their respective goals. The Real Property Management opportunity specifically provided important business resources to help with marketing, training, and operations, which ultimately offered a competitive advantage over independent operators.
I’ve also found that being part of a trusted national franchise organization has attracted business because clients identify this credibility as part of my value proposition.
Q: What were you doing before you became a franchise owner?
Before joining the Real Property Management franchise, I worked as a full-time senior executive with the Coca-Cola Company and as a part-time residential rental real estate investor.
Q: Why did you choose this particular franchise?
The professional property management industry is largely made up of small mom-and-pop operations. I was impressed with what the founders of the Real Property Management brand had built, the culture of the organization, and the overall power and knowledge I knew would come with their 25 years of experience.
Q: How much would you estimate you spent before you were officially open for business? (Please give us a cost breakdown.)
The franchise fee was $40,000. I estimate spending an additional $3,000 in marketing materials, $3,000 in furniture and fixtures, and $5,000 on miscellaneous expenses.
The average total first-year investment to open a Real Property Management franchise ranges from $75,000 to $100,000, depending on size and location.
Q: Where did you get most of your advice/do most of your research?
Outside of the information I found online, most of my research came through a series of discovery calls and meetings with the corporate office. I also spent time talking with current Real Property Management owners.
Q: What were the most unexpected challenges of opening your franchise?
Our marketing efforts really worked well and the growth we saw, as a result, was dramatic. It’s a good problem to have, but the learning curve was steep and at the same time, our capacity was challenged. Having the support of fellow franchisees and the Real Property Management HQ office was a huge advantage.
Q: What advice do you have for individuals who want to own their own franchise?
Do your research and make sure that the goals you have for your franchise are achievable within the parameters of your franchise agreement. For example, we have complete control over our pricing structure, organizational design and growth aspirations. The franchisor has complete control of brand imagery and territory, which is the way it should be, I believe. This is very much in line with our goals.
Q: What’s next for you and your business?
We plan to double our business again this year and hope to begin plans to open our second Real Property Management office.
Real Property Management is the largest property management franchise organization in North America, with over 280 locations. The brand specializes in managing single-family homes, townhomes, condos, multiplexes and small apartment buildings. Its services include finding and screening tenants, completing the lease agreements, collecting rent, arranging for any necessary repairs, and processing evictions when necessary. Real Property Management offices also manage the legal compliance for local, state and federal real estate law.
Here’s a video that includes comments by Marcus and Emery Phillips, owners of the Real Property Management Palm Beach County franchise office, discussing aspects of the property management industry.
One of Marcus’s observations about both the industry and Real Property Management: “So what really excites me about the industry today is that there are more renters than ever, and with the Real Property Management platform, we’re able to bring those best practices to bear. Real Property Management is really leading the charge for other property management firms.”
Why would a successful independent property management firm owner with more than 500 properties under management join the Real Property Management franchise system?
Tony Chinnici, owner of the new Real Property Management Corazon office in Reno, Nevada admits that he could have stayed an independent property management office and continued to be successful. “I could keep doing what I was doing until I was an old man. And it would work. Because I’ve always managed to do that.” But he realized that “hundreds of people
combining their knowledge and experience from hundreds of different markets” would help him “do good work for good clients.” He was “sick and tired of not being able to do the quality of work that I want to do.”
A franchise system combines the resources of a national organization with the entrepreneurial spirit of independent business owners. Property Management Business Solutions LLC, the franchisor of Real Property Management, offers franchisees over 30 years of property management experience, collaboration among hundreds of offices throughout the country, systems, software, processes, marketing, training, national partners, and best practices. The national franchise also offers personal support of seasoned property management, business and marketing professionals from the Franchise Support Center. In return, franchisees leverage these assets to build a local business that meets the needs of their community.
Tony said “I expected to do a lot of work in the transition from an independent organization to Real Property Management, and I’ve not been surprised… And yet It has been a totally manageable process that has not prevented me from operating the existing business.”
Despite Tony’s property management experience, he and key staff participated in both online and in-person training at the national Franchise Support Center. Training is one of the reasons Tony believes “My company will be able to compete for higher quality employees.” Tony is more confident that he can now provide a higher level of professionalism, accuracy, and accountability to his clients and the public than he could as an independent property manager.
Tony said “Property management has a bad reputation throughout the country. And I don’t want to be a part of that. I’m excited about making the property management industry a better thing.“ His statement matches Real Property Management’s stated purpose: We strive to improve lives and our communities by continuously elevating property management standards. That’s why we are so pleased to welcome Tony Chinnici to our franchise family.
Interested in growing your property management business? Join our free webinar: Grow your property management business! on Tuesday, Sep 27, 2016, from 10 to 11 am (Mountain Time).
We strive to be the best in our industry and we have the accolades to prove it. But we wouldn’t be the best if it weren’t for the training provided to our franchise owners and property managers.
You’ve discovered the Real Property Management brand, but what do you know about our level of training for property managers? As a franchisor, we want to make sure our franchise owners have the most up to date property management training so they will be equipped to handle any situation that comes their way. Continuing education, training webinars, and online courses are just the beginning!
Our property owners and investors chose to hire a professional property manager for a reason – for convenience, fewer hassles, a better return on their rental home investment, or preservation of their property’s value. We pride ourselves in being the leader in residential property management, trusted by thousands of homeowners and investors nationwide. Being part of a national brand means having high standards and expectations for the knowledge and service we provide to our clients. Professional training, access to knowledge and experiences from our 270+ offices nationwide, and support from a company that has been in the industry for over 25 years all contribute to providing a valuable service you can trust.
2013 Franchise Conference
Whether it’s from our extensive office training or the ongoing online training and annual conferences, know that the Real Property Management staff is prepared to deal with any situation and represent our clients professionally. Our skilled staff, property managers and franchise owners are well-versed in local, state and federal laws and licensing requirements, and understand the complexities of property management.
RPM UNIVERSITY (RPM-U):
Part of staff and franchise training is conducted through RPM-U, an extensive library of over 400 online courses covering topics from customer service and conflict resolution to accounting and collections and evictions.
ACCREDITATION AND CERTIFICATIONS:
Many Real Property Management offices have earned (or are working toward) the Professional Residential Manager (PRM) designation and The Home Depot accreditation. The Home Depot is just one of many valued partners that assist us in managing properties effectively and keeping costs down.
With over 25 years of experience as a company, there is little that we have not seen in residential property management. Through a combination of our experience and our constant awareness of trends, we continue to find ways to improve so that we can maximize your return and protect your investment.
Click here to learn more about our property management franchise owners.