SALT LAKE CITY - August 14, 2014 - (BUSINESS WIRE) - Real Property Management, the nation’s leading residential property management franchise, significantly increased its customer base in the first half of 2014 as American families continue to rent homes instead of purchasing.
The company added 5,830 new properties nationwide through the second quarter this year, bringing the total assets under management to more than $7 billion. Real Property Management’s rapid growth has been primarily fueled by real estate investors, both large and small, who purchase single-family homes as rental investments. These property owners rely on Real Property Management to oversee the day-to-day management of their units.
"With families needing the space of a home but not being able to afford one or unwilling to commit to a mortgage, there is ample opportunity for investors to make money in the rental industry," said Real Property Management President Don Lawby. "Real Property Management offers a sound business model to take advantage of the rental market for those looking to get involved without actually investing in real estate."
Based on a study by FRANdata, a consulting firm that studies the comparative performance of franchise brands, Real Property Management was recently recognized in Forbes Magazine as a Top 10 franchise investment under $150,000 (typical investment is $75,000-$100,000) citing the company’s 49 percent growth rate, 90 percent continuity and solid franchisee support system. The franchise is currently seeking partners to open hundreds of new offices throughout the United States.
"Month after month, our franchise has grown along with the increasing renting population, and we don’t anticipate this trend to plateau in the near future," said Lawby.
Real Property Management is the leading property management franchise with more than 250 offices in 45 states. The company specializes in managing single-family homes, townhomes, condos, multiplexes and apartments. Its services include finding and screening tenants, completing the lease agreements, collecting rent, maintaining the building and grounds, arranging for any necessary repairs on a 24-hour basis, and processing evictions when necessary. Real Property Management also manages the legal compliance for both state and federal real estate law.
For more information on rental properties or to find your local Real Property Management office, visit: www.realpropertymgt.com.
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 from more than 250 offices throughout the United States and Canada. For more information about Real Property Management, property management services or franchising opportunities, visit www.realpropertymgt.com or www.propertymanagementfranchise.com/.