Wallace Property Management Group Announces New Franchise Program
Company Provides Beyond the Traditional Property Management System
March 24, 2014 // Franchising.com // Lexington, SC – Wallace Property Management Group (WPMG), a professional property management company built on the idea of providing a full-service property management system specializing in the management of middle-and high-end properties for property owners, announced today that it was implementing a new program to award franchises, beginning with the initial launch of South Carolina, Georgia, Florida, Alabama, Tennessee and Kentucky and then rolling out nationwide. The franchise, which will provide residential property management services, will operate under the name of Wallace Property Management Group.
"At Wallace Property Management Group, we take great pride in what we’ve achieved over the years. We treat and care for our property owner’s homes just like they were our own, and as a result, business has continued to grow year after year," said Scott Wallace, Founder & CEO, Wallace Property Management Group. "Now, we are ready for more growth. We are forecasted to have at least 85 franchises operating within the next five years."
In 2006, Scott Wallace founded the affiliate company Scott Properties of the Midlands, and in 2013 he launched the franchise company Wallace Property Management Group, both built on the idea of relieving property owners from the stress that comes with managing a single property or multiple properties. Today, it has grown beyond the traditional property management system. WPMG’s number one priority is the support they provide to franchise owners which positions them to provide the highest level of service possible to their property owners and tenants. Unlike other property management franchise systems, WPMG assists franchise owners with marketing and advertising of available rental properties, application processing, maintenance requests, rent payments, rent collections, property owner reports, tax forms and much more.
WPMG’s business model will cater to individual franchisees’ needs providing them with the tools and support to establish and grow their business. Individuals or companies securing a WPMG franchise will receive start-up and on-going training and assistance to help maintain the WPMG standards, image and brand. Franchisees’ will receive initial and ongoing training, a confidential operations manual and ongoing operational support through the Franchise Support Center.
The franchise program, developed with the help of the Chicago-based iFranchise Group and Jack Santaniello with Shumaker, Loop & Kendrick, LLP, will be rolled out initially in select states, with national expansion to follow.
"The Wallace Property Management concept is ready to launch nationally right away," said Scott Wallace, Founder & CEO, "But WPMG’s main goal is to ensure the success of each and every franchisee – so we are taking a more conservative approach to expansion. We will never sacrifice quality of service in exchange for growth".
Wallace believes this will be a solid franchise program, based on the company’s experience and what they’re seeing in the marketplace. According to Business Insider, more than one third of all housing in the U.S. is currently being occupied by renters, and around three to five million people are returning to the rental market due to housing market challenges. Property managers today are finding it easier to locate prospective residents due to a healthier rental market, which continues to spur a rise in rental prices and a decrease in vacancy rates.
"In a down real estate market, many home owners elect to rent their homes because they are unable to sell at a profit. In a thriving real estate market, investors buy homes that require some level of property management," said Wallace. "Regardless of whether the real estate market is up or down, both market conditions require experienced and knowledgeable property managers, and we believe the WPMG franchise program will expand to meet growing demand of the rental industry, and with our business focus and attention on the individual, we believe our concept has a proven ability to work in a variety of settings and markets."
WPMG simplifies the complex world of residential property management for franchise owners, property owners and tenants throughout the country. The staff at the franchise support center takes away the non-revenue producing busy work and administrative task, which enables franchise owners to maximum business growth. "We believe we have the right products, services, and philosophy to sustain our expansion goals," said Wallace. "As we expand through the addition of more franchises, we expect that our market position will only become stronger."
About Wallace Property Management Group
Wallace Property Management Group (www.wallacepmgfranchise.com), a member of the National Association of Residential Property Managers (NARPM) and the International Franchise Association (IFA), simplifies the complex world of property management for franchise owners throughout the country. Wallace Property Management Group provides a proprietary property management system specializing in the management of middle- to high-end properties. With a commitment to professional excellence and a track record of exceeding expectations, the Wallace Property Management system is designed to enable franchise owners to make property owners, tenants and maximizing business and revenue growth their top priority. Franchise opportunities are available with Wallace Property Management Group. For more information contact a Wallace Property Management Group at info@WallaceFranchise.com or 1-888-295-5314.
SOURCE Wallace Property Management Group
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