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Updated RecentlyReal Property Management vs Property Management Inc. Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Real Property Management vs Property Management Inc. including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $101,224 - $154,974 | $42,550 - $166,600 |
| Franchise Fee | $55,000 | $15,000 - $50,000 |
| Royalty Fee | 7% | 7% |
| Advertising Fee | 1% -2% | up to2% |
| Year Founded | 2004 | 2008 |
| Year Franchised | 2004 | 2008 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | We are looking for franchise owners who want to build an ever-growing business. Our franchisees come from all walks of life. Our best franchisees are committed to working hard for the first few years before reaping the rewards of their efforts. New franchisees must have minimum working capital of $80,000. | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | New franchisees participate in seven weeks of online training, four days of live training, and receive 30 - 60 days of one-on-one on-boarding. Then, our team of property managers, marketing professionals, accountants, and business coaches provide on-going expert advice. In addition, an intranet accessible only to our franchisees includes a detailed operations manual and a library of over 500 forms, checklists, and job aids. During the year we hold two national conferences, monthly marketing and operations calls, weekly communications, and frequent webinars on topics of interest to franchisees. Our network of 280 fellow franchisees band together to provide additional support to each other. On-The-Job Training: As needed Classroom Training: 32 hours+ Additional Training: Online training, 7 weeks; ongoing advanced training | On-The-Job Training: 47-73 hours Classroom Training: 31 hours Additional Training: Online training |
| Support | State of the art operating systems, productivity software, streamlined processes, an intranet available only to our franchisees, and monthly scorecards make our offices efficient and productive. Standardization allows us to monitor performance of each office relative to similar offices so we can provide best practices. A complete set of marketing tools are ready for you to use, including a custom website, over 50 videos, numerous presentations and sales scripts, online and print advertising, brochures, direct mail, email, broadcast advertising and client newsletters. Using Brand Central, items are customizable for each franchise. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Proprietary Software Franchisee Intranet Platform | The goal of our system is to enable our franchise owners to focus on the things that work and avoid costly and time consuming mistakes. PMI has trained and experienced people who will train you in every aspect of the business. There are people to call for help. There are people who will come to your place of business to show you the way. When you are successful, Property Management Inc. is successful. Our comprehensive training and support package ensures our franchisees are fully equipped to launch and develop their PMI business. Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | Our world-class marketing includes national public relations, publication of quarterly rental market statistics, media rates and performance data for broadcast media, research on rental property owner attitudes and perceptions, and a database of information about 14,000,000 prospective property investor clients. Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Number of Employees Required to Run: 1 - 3 | Absentee Ownership Allowed Number of Employees Required to Run: 1 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | - | Yes |
Company Overviews
About Real Property Management
Real Property Management is an award winning franchise with more than 280 offices throughout North America. Real Property Management have been named to the 10 best franchises in the United States by Forbes magazine for investments under $150,000. We are also proud to be ranked the #1 property management franchise on Entrepreneur magazine's list of top 500 franchise companies, and have been ranked for seven consecutive years; Inc. 500 recognized us as being one of the fastest growing privately held companies in 2010 through 2013. And, Franchise Business Review has named us a top 100 franchise for veterans based on satisfaction surveys from our veteran owners compared to other franchises. We were named Best for Vets by Military Times and in 2016 were name Franchisor of the Year by ThinkRealty magazine.
Your role as a property manager would be to find and screen tenants, process rent payments, provide property inspections, maintenance & repairs, and process evictions when necessary. As the owner of your own business, you would be selling your services to property owners and investors, working with real estate agents and others to gain business referrals, and managing your business and staff. Our well established, proven operating systems and technology will streamline your operation and make you more efficient than your competitors.
Veteran Incentives 10% off franchise fee
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About Property Management Inc.
PROPERTY MANAGEMENT. The property management industry is one of the fastest growing industries in the nation. Regardless of whether or not the real estate market is strong or weak, non-owner occupied or investor owned properties require a knowledgeable and capable property management company. With a PMI franchise, you can provide valuable and profitable services to the multi-trillion dollar real estate industry. Property management services include, but are not limited to: advice and assistance in leasing real property, communications with tenant and landlord, collecting rent, setting up and overseeing repair and maintenance contracts and tenant improvement contracts, real estate brokerage services, inspections, paying bills, handling evictions and monthly, quarterly and annual financial reports.
You don't need a background in real estate or property management to be successful with PMI. We have done the work, tested the procedures and proven that the system works. A PMI franchise allows someone with a little or a lot of real estate experience to build a thriving business using our system. You can totally change careers without years of schooling or apprenticeship or research. PMI does not require that its franchisees have prior property management or real estate experience. Instead of an industry experience requirement, PMI requires that its franchisees are effective at motivating employees, converting leads into contracts, and running the day-to-day operations as efficiently as possible
Property Management Incorporated has developed a system for establishing, operating, and marketing a franchised property management services company. We provide franchisees with an opportunity to operate a property management business, in a specific geographic area using our name, logo and other copyrighted materials, operating procedures, marketing methods and materials, proprietary property management process and system, customer reporting procedures, operating manuals and software solutions. Your PMI Office will provide property management, leasing and real estate brokerage services to the following sectors: residential, retail, commercial and industrial.
Veteran Incentives 10% off standard ($35,000) franchise fee