Forbes Magazine Recognizes Real Property Management As One of America's Best Franchises
Real Property Management Named a Top 10 Franchise in Investment Category
SALT LAKE CITY - June 10, 2014 - (BUSINESS WIRE) - Real Property Management, the nation's leading rental property management firm, has been named one of America's Best Franchises, according to Forbes magazine's first-ever list of the top franchises in America.
"We have achieved monumental growth over recent years and our progress has provided us the capacity to continue the momentum. We aim to continue to lead the property management industry, offering franchise partners with a lucrative, rewarding business and homeowners with a viable property management solution."
The Forbes "Best and Worst in Franchising" was created from performance and revenue metrics compiled and analyzed by FRANdata, a research and consulting firm that focuses on studying the comparative performance of franchise brands. FRANdata went through publicly available information on 3,000 franchise brands and measured them according to three main criteria: five-year unit continuity rate, unit growth rate and franchisee support score. The franchisee support score is comprised of three categories that are important to prospective franchisees, including financing, marketing, and initial and ongoing operational support programs.
With a growth rate of 49 percent and continuity of 90 percent, Real Property Management is ranked in the top ten franchises with investments up to $150,000.
"We are truly honored Forbes recognized Real Property Management as one of the best franchises in the nation," said Don Lawby, president of Real Property Management. "We have achieved monumental growth over recent years and our progress has provided us the capacity to continue the momentum. We aim to continue to lead the property management industry, offering franchise partners with a lucrative, rewarding business and homeowners with a viable property management solution."
Real Property Management delivers a seamless solution for clients seeking reliable and predictable returns on their real estate investment. Via its proprietary, web-based property management platform, Real Property Management specializes in managing single-family homes, townhomes, condos, multi-plexes and apartments with services that include completing the lease agreement, collecting rent, maintaining the building and grounds, and arranging for any necessary repairs on a 24-hour basis. Real Property Management also manages the legal compliance for both state and federal real estate law.
Franchising since 2004, Real Property Management offers opportunities that target those interested in taking advantage of the dramatic increase in rental inventory and meet the increasing demand that will accompany this evolution in the housing industry. With a franchise fee of $40,000, the total investment range to own and operate a Real Property Management office is $75,000-$100,000. The company also offers a 10 percent discount on the franchise fee to military veterans.
Forbes relied on FRANdata because it tracks financial and operational performance of all private and public franchises currently doing business in the U.S. Full results of the Forbes "best" and "worst" in franchising can be found at http://www.forbes.com/best-worst-franchises-to-buy/.
For more information on franchise opportunities with Real Property Management visit: www.realpropertymgt.com.
About Real Property Management
Real Property Management is a privately held, Utah based corporation with over 25 years of experience providing full-service residential property management for investors and homeowners throughout the United States and Canada. For more information about Real Property Management, property management services or franchising opportunities, visit www.realpropertymgt.com.