Franchised by Property Management Business Solutions, LLC

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The Benefits of Mutual Investigation

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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.People shaking hands in business meeting.

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.Man talking on phone.

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

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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 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?

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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

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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

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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 Meet the Team 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.

 

Real Property Management Franchise Versus Start Up Business

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If you’re interested in opening a property management business, you have a couple 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.

  • Brand Power

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.

  • Comprehensive Training

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.

  • Expert Support

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 guess work 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.

  • World-Class Marketing

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.

  • Preferential Pricing

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 your 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.

 

New Franchise Training Graduates for January 2017

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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 staf, 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.

 

 

 

 

 

 

Real Property Management Named One of Franchise Gator’s Top 100 Fastest Growing Franchises

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Real Property Management, the nation’s leading full-service property management organization, has been named one of the fastest-growing franchises in America on Franchise Gator’s annual list of the Top 100 Fastest Growing franchise concepts. The news comes on the heels of other recent accolades by Entrepreneur magazine and Franchise Business Review that recognized Real Property Management as a top business opportunity. 

Read the full press release here: Real Property Management Named One of the Top 100 Fastest Growing Franchises

Results of 2016 President’s Circle Announced

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Lukas Krause, CEO of Property Management Business Solutions, LLC, recently announced the results for the 2016 President’s Circle. Twenty-two franchises earned Silver status, and twelve franchises achieved the highest level or Gold status. These franchise owners will be officially recognized during the annual franchise conference in February. The results are listed below.
The President’s Circle recognizes the efforts of our franchisees in growing their business, providing quality service, and embracing the systems and programs of the Real Property Management organization. The President’s Circle continues in 2017, giving every franchise the opportunity to participate and earn recognition for their efforts. We look forward to a prosperous 2017 for our Real Property Management franchise family.

 

Spirit of Giving | Real Property Management Rental Direction

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Here’s a heart-warming story appropriate for the holiday season from our Real Property Management Rental Direction office in Fort Myers, Florida.

Daniel Boucinha of Real Property Management Rental Direction

Daniel Boucinha of Real Property Management Rental Direction helping someone less fortunate

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 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.”