Real Property Management Bolsters Portfolio with Reno Franchise Deal
Leading Property Management Company Attracts Industry Veteran with More than 600 Properties
SALT LAKE CITY - August 31, 2016 - (BUSINESS WIRE) - Property Management Business Solutions, LLC, the franchisor of Real Property Management, the nation’s leading full-service property management organization, signed a franchise deal that brings with it more than 600 properties in Reno, Nevada. Entrepreneur and area native Tony Chinnici is the president and franchisee of Real Property Management Corazon, which opened its doors earlier this summer.
Chinnici has nearly 20 years of experience in the property management industry, most recently working as the president of Corazon Real Estate, a company he founded in 2005. Seeking to improve revenue per unit managed, replace less profitable properties with higher quality accounts, and increase overall company effectiveness, Chinnici decided to convert the business to a Real Property Management franchise.
“Real Property Management offers exceptional levels of organization, resources and knowledge that ultimately allow us to better serve our clients and their tenants,” said Chinnici. “We had an established portfolio of more than 600 properties that we brought through this transition, none of which have left as a result of our conversion to Real Property Management Corazon.”
The Real Property Management franchise system hopes to introduce approximately 50 to 75 new offices to the system by the end of next year, which would propel its footprint to reach over 325 offices nationwide. Many of these will be conversions of existing property managers to the Real Property Management brand.
“With an increasing number of renters in the U.S., but limited quality of property management services, demand for quality support that renters and investors deserve has never been higher,” said Lukas Krause, CEO of Property Management Business Solutions, the franchisor of Real Property Management. “Because of this trend, we are attracting top-tier talent, like Tony, to Real Property Management, which allows us to continue elevating property management standards across the nation.”
Managing combined assets worth more than $8 billion, the Real Property Management franchise was recognized this year by Entrepreneur Magazine as No. 1 in the property management category, and a top franchise opportunity for veterans by Military Times, Franchise Times and Franchise Business Review. Think Realty magazine named Property Management Business Solutions LLC Franchisor of the Year for 2016.
The company specializes in managing single-family homes, townhomes, condominiums, multiplexes and small apartment buildings. Its services include finding and screening tenants, completing the lease agreements, collecting rent, arranging for any necessary repairs, and processing evictions when necessary. Real Property Management offices also manage the legal compliance for local, state and federal real estate law.
For more information about Real Property Management’s franchise opportunities, visit www.propertymanagementfranchise.com/.
About Real Property Management
Real Property Management is a franchise organization owned by Property Management Business Solutions, LLC, a privately held corporation based in Utah. With over 30 years of industry expertise, Real Property Management offices provide full-service residential property management for thousands of investors and rental homeowners from more than 275 independently owned and operated locations throughout the United States and Canada. For more information about Real Property Management, property management services or franchising opportunities, visit http://www.realpropertymgt.com/ or www.propertymanagementfranchise.com/.
SOURCE Real Property Management
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