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Updated RecentlyAvenueWest vs Real Property Management Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of AvenueWest vs Real Property Management including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | N/A | $101,224 - $154,974 |
| Franchise Fee | N/A | $55,000 |
| Royalty Fee | - | 7% |
| Advertising Fee | - | 1% -2% |
| Year Founded | 0 | 2004 |
| Year Franchised | 0 | 2004 |
| 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 | No/No | -/Yes |
| Start-up Costs | No/No | -/Yes |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
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 |
| 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 |
| 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 |
| Operations | - | Number of Employees Required to Run: 1 - 3 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | Yes |
| International Expansion | No | - |
Company Overviews
About AvenueWest
Are you looking for: A new and exciting business opportunity? A business with good residual income? A successful team atmosphere? A high energy and growing industry? Now you can build your own unique and profitable real estate business, in your market, by tapping a growing demand for longer term furnished lodging with the AvenueWest Managed Corporate Housing program. Your franchise ownership means entrance into the $2.7 billion dollar corporate housing industry. You will be servicing a diverse and interesting client base, providing you with an exciting and rewarding business opportunity. Let us put our experience and knowledge into your hands. You will quickly discover the attractive income potential that is available by serving both the business community and an increasingly wide array of other longer term housing occupants seeking fully furnished properties. Additional revenue opportunities are possible including longer-term unfurnished rentals, brokering a relocation client's home purchase and working with investors and property owners wishing to put a corporate housing property under your management. The experienced team at AvenueWest Global Franchise guides you through the steps needed to replicate this award winning system. Working as a team we provide you with the tools needed to integrate property management, marketing, leasing, sales and accounting aspects of the business to equip you to quickly find success in the corporate housing industry. AvenueWest Global Franchise offers: A Proven Business Model - begin knowing you are on the right path Hands-on Training - learn from those who understand the unique nature of corporate housing On-going Operational Support - our continuing goal is to make you successful Documented Operational Manual - a step by step reference at your finger-tips National Name Recognition - tap into a tradition of excellence National Marketing - immediate exposure to corporate clients Market Specific Website - your own individual market identity Corporate Housing Management Software - a tailored system that simplifies the process Daily Accounting Support - we take on this duty so you can work more productively Continuing Education - geared to keep you abreast of industry trends Openness to Your Input - a willingness to listen and respond to your ideas and suggestions
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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