Real Property Management

Property management
FREE Franchise Guide!
2025 Franchise 500 Rank
#85 Ranked #112 last year
See the Full List
Initial investment
$92K - $266K
Units as of 2024
449 Increase 29.8% over 3 years

Founded in 1986, Real Property Management is one of the largest single-family property franchises in the U.S. real estate industry. With efforts put in by franchises like these, the real estate industry has become a fast-growing sector in the U.S. economy. 

After beginning to franchise in 2004, Real Property Management keyed into the growing rental sector with franchisees across America. They offer third-party property management services for single-family and condominium homeowners and company housing for large firms. The company also provides services that include the maintenance and repair of real estate, rent collection, and management.

Real Property Management has over 300 locations across the United States and a handful in Canada. They are looking to continue to grow. 

Why You May Want to Start a Real Property Management Franchise

Real Property Management is one of the most decorated and largest real estate management franchises in the U.S. The success of the franchise relies on the strength and success of the property management industry. A decent chunk of residential buildings in the country are rentals. The demand for rent management companies means Real Property Management could offer a stable franchise opportunity.

Many times in the past decade, Real Property Management has been ranked in Entrepreneur’s Franchise 500 based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

What Might Make Real Property Management a Good Choice?

Real Property Management thrives on the property management industry, its leadership position in the industry, world-class support, and nationwide franchise opportunities. The franchise also provides training, professional marketing, and volume purchasing power to its franchisees.

Suppose your net worth and available liquid capital match the brand’s requirements. In that case, you may qualify to open a Real Property Management franchise. You should be prepared for an initial investment made up of a franchise fee and other startup costs. In addition, you will be subjected to ongoing fees, including royalty fees, advertising fees, and potential renewal fees. The average term of agreement for a Real Property Management franchisee is ten years with the opportunity to renew for a sum if both parties wish to remain in business together.

Real Property Management has partnered with third-party sources to help franchisees cover the franchise fee, startup costs, inventory, equipment, and payroll.

How to Open a Real Property Management Franchise

Before accepting the franchise agreement, you'll be given the opportunity to review details for available franchise opportunities and contact existing franchisees, who may answer any questions you may have. There may also be an opportunity to attend a discovery day at company headquarters in Salt Lake City, Utah. A team of professionals will be waiting to answer any questions you may have regarding franchise operations.

Once you've accepted the franchise agreement and paid the applicable fees, you'll complete a multi-week training intensive at your chosen location, followed by a multi-day hands-on session at the company headquarters. After that, your property management franchise will be ready to open. You will receive continued support from the Real Property Management company as you go about your new life as a Real Property Management franchisee.

Find Your Franchise Match

Company Overview

About Real Property Management

Industry Business Services
Related Categories Property Management, Real Estate , Miscellaneous Maintenance Businesses, Miscellaneous Services
Founded 1986
Parent Company Neighborly
Leadership Jeff Pepperney, Brand President
Corporate Address 1010 N. University Parks Dr.
Waco, TX 76707
Social Facebook, Twitter, LinkedIn, YouTube

Business Overview

Franchising Since 2004 (21 years)
# of employees at HQ 1,600
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises in the following international regions: Canada

# of Units 449 (as of 2024)
Line graph showing the number of units this franchise had for the last 5 years.
U.S. FranchisesInternationalCompany OwnedTotal
100%

Information for Franchisees

Here's what you need to know if you're interested in opening a Real Property Management franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$59,900
Initial Investment Information Circle
$91,718 - $266,218
Net Worth Requirement Information Circle
$250,000
Cash Requirement Information Circle
$50,000
Veteran Incentives Information Circle
15% off franchise fee
Royalty Fee Information Circle
7%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
Take Our Free Franchise Evaluation!

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Real Property Management has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 256.5 hours
Classroom Training 42 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 1-3
Are exclusive territories available? Information Circle
No
Take our quick assessment to find your ideal franchise

Franchise 500 Ranking History

Compare where Real Property Management landed on this year's Franchise 500 Ranking versus previous years.

100%

Additional Rankings

Curious to know where Real Property Management ranked on other franchise lists? Find out below.

Sign Up for Our Franchise Newsletter

Stay up to date on the latest news and trends affecting the franchise industry.

Related Franchises

Are you eager to see what else is out there? Browse franchises that are similar to Real Property Management.

Home Helpers Home Care

description
Nonmedical/skilled home care; monitoring products and services

Sam the Concrete Man

description
Residential and commercial concrete services

Poolwerx

description
Pool and spa maintenance, service, remodeling, and supplies

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

Franchise

This Franchise Has Seen Remarkable Growth in the $5.3Bn Drug Testing Industry

Fastest Labs is a leader in the high-growth and recession-resistant drug, alcohol and DNA testing industry

Franchise

I'm CEO of an International Commercial Cleaning Franchise. Here's How I've Turned My Failures Into Fuel for Success.

Failure is not the end — it's a stepping stone to success. Explore how setbacks can be transformed into valuable learning experiences that fuel growth and resilience.

Franchise

Want to Be an Entrepreneur? Start With These 4 Simple Steps.

Check out this list of 4 things that don't require a lot of time or money, but can get you in the right frame of mind to figure out if entrepreneurship is the right fit for you.

Franchise

He Went From Corporate America to Owning a $2.5 Million Franchise Recycling Cooking Oil: 'I Decide How I Want to Achieve Success'

Trent Carlos had no experience in the industry when he started his Filta Environmental Kitchen Solutions franchise. Now he's living his wildest entrepreneurial dream.

Franchise

5 Expert Tips to Make the Most of the IFA Convention

After several years of attending, filming, and connecting with franchisors at IFA, I've gathered insights that can turn your first experience from overwhelming to unforgettable.

Franchise

From Powerhouses Like Jersey Mike's and Taco Bell to Icons Like Pizza Hut, These are the Top Fast-Food Franchises in 2025

Discover the 10 most successful QSR franchises of 2025, based on Entrepreneur's Franchise 500 ranking.

See more franchise content
Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022