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!
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.
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.
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.
Real Property Management Franchise Training finished last week. Representatives from a number of franchise offices attended the four-day event, held at the Real Property Management Franchise Support Center in Salt Lake City, Utah. Representatives from Real Property Management offices in the United States and Canada attended.
Attendees learned about a number of topics, 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 much more.
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 May 2018 Franchise Training attendees.
Each year the Real Property Management family comes together for an annual conference. In 2018, we will hold the conference from February 13 to February 15 in Salt Lake City, where the Real Property Management Franchise Support Center is located. By hosting the conference in Salt Lake City, we can involve every Franchise Support Center staff member, and therefore have subject tracks with double the content, diving deeper into marketing and operations topics. We will also have general management training, specifically about leadership. As in the past, franchise owners and managers will also learn from their peers who have excelled at various aspects of running their business. There will be ample time to ask questions and participate in group discussions. We regularly incorporate time for attendees to interact with each other and the Franchise Support staff, and will add some friendly competition.
Like previous conferences, franchise offices will hear about the industry, marketing, sales, and operational updates, meet our suppliers and vendors, spend time with Advisory Council representatives, and enjoy our annual Awards Banquet.
As a result of the enriched content tracks, numerous franchise owners bring employees from their organization to attend as well, such as General Managers, Business Development Managers, and Department Heads. Attendance by GMs and BDMs will provide rewards to Real Property Management franchise businesses through better training, higher motivation, and connections with peers.
Annual Conference is the one event each year that brings the entire Real Property Management family together to share our goals, best practices, and camaraderie.
Real Property Management Franchise Training was recently held in Salt Lake City, UT. Representatives from several franchise offices attended the four-day event held at the Real Property Management Franchise Support Center. Representatives from offices in the United States and Canada attended.
Attendees learned about a number 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 several members of the Real Property Management Franchise Support staff, with whom they will have significant contact. Below is a picture of franchise training attendees.