Real Property Management Franchise
Ranked #1 Property Management franchise by Entrepreneur Franchise 500® for the last 3 years!
$50,000
$59,900
447
2004
Waco,TX
Mike Davis
About Real Property Management
Since 1986, Real Property Management has provided a variety of property management services as a nationally recognized industry leader. Franchise owners in more than 430 locations experience the benefits of Real Property Management’s proven business model, including:
Recurring Revenue: With a service offering that includes fees from leasing, management, and maintenance, your cash flow stream is steadier and more predictable than most franchises. As members of the National Association of Residential Property Managers, customers can rely on the professional expertise of our franchise owners.
No Industry Experience Required: By utilizing an executive ownership model where you make the decisions and manage your own business, you'll be able to take advantage of the largest single-family residential property management franchise in North America.
Award-Winning Recognition: With more than 35 years of success, Real Property Management has been recognized by leading organizations within the franchising space, such as Entrepreneur Franchise 500®, Franchise Business Review Top 200, and Franchise Times Top 400®.
Franchise Unit Trends & Revenue
447
37
$1,826,055
* in 2024
Franchise Fees
$59,900
Veteran's Fee: $50,915
7.0%
Gross Sales
2.0%
Gross Sales
Why Choose Real Property Management?
Real Property Management is proud to be a part of Neighborly®, the world’s largest home services franchisor with 19 brands and more than 5,500 locations focused on repairing, maintaining, and enhancing properties. Utilizing decades of experience and scale from this multi-brand portfolio, our franchise owners enjoy distinct advantages like:
Prime Territories: With available territories in some of the fastest-growing markets, there’s ample space and demand to establish your franchise. Better yet, thanks to designated territories, you’ll be able to collaborate and share best practices with other Real Property Management locations instead of compete for the same customers.
ProTradeNet® Buying Power: Exclusively available to Neighborly brand franchise owners, you’ll have access to discounts and rebates from over 250 preferred vendors. In 2024, Neighborly brand franchise owners earned a collective $7.9M in rebates.
15% Veteran Discount**: We are proud to partner with VetFran and offer franchise fee discounts for qualified veterans. With more than 425 current Veteran owners across Neighborly brands, we’re committed to helping transitioning and current Veterans achieve their business goals.
Starting Costs & Investment Requirements
$91,796 - $234,150
$250,000
$50,000
Training & Support
Real Property Management franchise owners benefit from specialized training, operations, and support systems, including:
Training Program & Business Coach: In-depth marketing and sales training as you get started, plus a consultant to answer questions and provide guidance as you grow.
Local & National Marketing Expertise: SEO & PPC guidance set the stage for integrated plans and tactics in your market that focus on customer acquisition, retention, and reactivation.
Ongoing Education & Owner Collaboration: Comprehensive opportunities such as regional training events and national conferences to ensure you have the knowledge to function at the top of your game.
Digital Integration: In an increasingly tech-focused world, local landing pages, social media presence, and custom sales support software make it easier to provide the best experience for customers.
Ideal Candidate
Our franchise owners come from all walks of life. Some have held positions in corporate environments and are looking for a career change, while others have worked in the industry and are looking to lead their own business. No matter their background, our franchise owners embody characteristics such as:
- Entrepreneurial spirit driven to set and achieve goals
- Desire to build genuine relationships with customers, employees, and other franchisees
- Commitment to delivering consistent, high-quality service
- Accountable to financial responsibilities and requirements
The culture across the entire family of brands is embodied by the Neighborly Code of Values, which emphasizes the importance of fostering a set of ideals that guide the organization. These elements, while small to some, set Neighborly and Real Property Management franchise owners apart from the competition.
* This is based on the annual Gross Sales of 384 Reporting Businesses during the Reporting Period (1/1/24 – 12/31/24), as provided to us through our Software System. Refer to Item 19 of the 2025 Real Property Management SPV LLC Franchise Disclosure Document (FDD) for full details.
** Refer to Item 5 of the 2025 Real Property Management SPV LLC Franchise Disclosure Document for complete details.