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The Benefits of Mutual Investigation
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!
Real Property Management Franchise Training July 2018
Real Property Management Franchise Training was performed last week at the Real Property Management Franchise Support Center, which is located in Salt Lake City. Representatives from Real Property Management offices in the United States and Canada attended the four-day training event.
Attendees learned about several topics on running a Real Property Management franchise office, including marketing, branding, digital marketing, social media marketing, reputation management (including online reviews), working with new property management clients, leasing rental properties, maintenance, property evaluations, vendor relations, and other topics.
Attendees also met a number of members of the Real Property Management Franchise Support staff, with whom they will have much contact. Below is a picture of the July 2018 Franchise Training attendees.
Will Your Property Management Company Survive?
A successful property management company is one that has weathered the inevitable bumps in the profession’s road. Many newcomers to the industry start out with little experience but a great deal of determination, doing everything they know how to do to create a sustainable, successful business. But unfortunately for many of these determined business owners, their best intentions are simply not enough. One of the top reasons that a property management company ultimately fails is that it is missing the essential business systems that support long-term success.
The business of running a successful property management company requires certain systems to be in place from the start. No property management company will last long without effective sales and marketing programs, streamlined operations systems, solid accounting processes, functional information systems, and more. Expertise in each of these areas is a fundamental component to sustaining and growing a successful property management company.
Once these systems are in place, the key is to make sure that they are repeatable.
Hiring great people to handle advertising your rental homes or showing properties and signing leases is important, but if they are the only ones in your company with expertise in these areas, you might find yourself in a difficult situation if and when they decide to leave. Similarly, relying too much on your operations expert for handling tenant requests, maintenance and repairs, or evictions can concentrate too much knowledge in one position and leave a gaping hole in your business when your expert moves on.
This is why documented, repeatable systems are the key to a successful property management company. Creating them yourself is an option, but when you become a franchise owner of a Real Property Management office, these critical systems are provided for you. No need to build them from scratch, keep using what you have now, or make many of the common errors that most do-it-yourself property managers make early on.
As a franchise owner, you’ll have access to a team of property management experts as well as business coaches, IT professionals, marketing specialists, and more. The Real
Property Management marketing program is fully realized and ready for your use. Another key benefit of owning a Real Property Management franchise is the preferential pricing they can offer on necessities like repair and maintenance supplies, bookkeeping and payroll, software, and much more. Finally, their innovative systems and processes come with comprehensive training and owner support, meaning you’ll never flounder around looking for answers to your most pressing business questions.
Whether you are just entering the property management industry or looking to maximize your current business, Real Property Management has the tools and expertise to help your property management company not just survive, but to thrive.
Real Property Management Franchise Offices Give Back
Property management requires full-time work with never a dull moment. But since they are in the business of serving people, our franchisees also take time to give back and serve in their communities.
At Real Property Management our service extends beyond serving property investors and residents. We are stewards in our community. Our purpose includes “We strive to improve lives and our communities…” and one of our core values is “Sense of Family.”
Two offices recently demonstrated our purpose and core values in action by volunteering their time and talents. Not only did their ‘day of service’ support their local communities, but also their efforts provided a diversion from day-to-day work activities and made for a fun day of laughter and bonding for their teams.
Fresh Air for Seniors
The team at Real Property Management Last Frontier in Anchorage, Alaska recently traveled to the Anchorage Pioneers Senior Home and cleaned up the balcony so the residents could enjoy the fresh air.
“Doing volunteer work and holding donation drives is more than just giving time,” says Kassandra Taggart, owner of Real Property Management Last Frontier. “Working as a team outside of our daily work and the positive social interaction helps strengthen our team.”
“This year we volunteered at a facility where two of our clients reside, one of whom is 96 years old and is very proud that she still does her own bank reconciliations.”
Kassandra said the physical workout was also beneficial. “It was nice to enjoy the mountain scenery and watch people moving about in the city while we were moving about, working outside and not sitting at a desk.”
“As a business owner, being able to support and interact with our clients was great. In addition, staff brought their kids which helps us be able to talk about their kids today and connect faces with names. And for me, one of the best parts was that our office’s ‘community team’ is the group that created this opportunity.”
Partnering to Improve Lives
The Real Property Management Salt Lake City office partners with Keller Williams Real Estate for their Red Day acts of service each month. Recently, the two companies worked together cleaning up the landscape at the Fisher House, which provides free temporary housing and a supportive community to people whose loved ones receive medical care.
“We feel it’s incredibly important to give back to our community,” says Kim Bedortha, Vice President of Operations, “and support our network partners with our aligned ‘whys’ of business which is to help people accomplish their dreams and improve their quality of life. The added value in partnering with other companies who have a similar culture helps make a greater impact in spreading acts of service and compassion in our community. Our staff genuinely looks forward to participating and being able to get out there and make a difference on a large scale.”
These are just two examples of how Real Property Management offices give back to their communities. Do you want to learn more about a franchise opportunity that gives back to the community? Please contact us for more information.
Overview of the Real Property Management Franchise Discovery Process
Here’s the scenario: You’re exploring franchise opportunities and are interested in learning whether Real Property Management is the right fit for you and your family’s goals. After reviewing our website, you fill out a form to request more information. Now what? What can you expect to share? What can you expect to learn? Here’s a glimpse into what follows your request for more information:
Shortly after your contact information is received, you’ll receive an email and a call from a member of our franchise development team. We understand that you
may be working or have personal obligations that affect your availability, so let us know if you have a preferred contact method and time. Or, you can schedule a time that fits your schedule best through the Calendly link that will be provided in our email correspondence. The reasons for our initial connection are short and sweet: We want to ensure we have availability to add a franchise location in your desired area, schedule a more in-depth conversation to get to know each other and educate you about the discovery process you’ll be taking with us.
Speaking of our discovery process, it includes the following steps:
- Initial Conversation
- Webinar Presentation
- Qualification Form Completion
- Franchise Disclosure Document (FDD) Review
- Validation calls with our existing Franchisees
- Franchise Application Approval
- Attendance at Orientation Day
While we have a defined process, you will have a unique journey through that process. We’ll work together every step of the way, at the pace that is appropriate for you, to determine whether our model matches your goals and lifestyle needs, as well as whether you are a match to join our proven franchise family. We’re looking forward to taking that journey with you!
Download our How to Select a Franchise Guide.