Do you want to start a property management company by buying a franchise? If YES, here are 9 best property management franchise opportunities for sale and their cost. Property management which is a subset of the real estate industry is perhaps one of the easiest and affordable real estate businesses to start; it is basically about lease contracting or accepting rent using legal documents approved for the area in which the property is located.
In a nutshell, property management companies are responsible for taking care of and managing buildings and other real estate properties for individuals (landlords) or for groups of owners. Property management companies are also involved in mitigation and remediation regarding any maintenance issues, generally within a budget, with prior or conveyed consent via a Limited Power of Attorney legally agreed to by the property owner.
In fact, there are numerous aspects of the profession and some of them include helping clients manage the accounts and finances of real estate properties, and participating in or initiating litigation with tenants, contractors and insurance agencies.
If an aspiring entrepreneur who intends starting his or her own property management business has the right connections, networks, managerial skills, and takes delight in managing real estate for clients, then he or she is going to find the property management business very rewarding and lucrative especially if they leverage on the goodwill of a property management firm that is into franchising.
So, if you are interested in buying the franchise of a successful property management company, here are 9 of the best property management companies that you can buy in the United States of America;
9 Best Property Management Franchise Opportunities for Sale and Their Cost
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Nexus Property Management
Nexus Property Management was founded in 2012 and they started franchising since 2017, that is about 2 years ago. They have their corporate head office at 49 N. Union St. Pawtucket, RI 02860 and their current CEO is Nicholas D’Agnillo.
Nexus Franchise LLC is the parent company of Nexus Property Management company and they are seeking new franchise units throughout the United States of America
Financial Requirements
- Initial Investment – $50,350 – $106,250
- Net-worth Requirement – $100,000
- Liquid Cash Requirement – $50,000
- Initial Franchise Fee – $25,000 – $25,000
- Ongoing Royalty Fee – 6%
- Ad Royalty Fee – 1%
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Eye On Your Home
Eye On Your Home is a second-home property management that was founded in 2010 and they started franchising since 2015, that is about 4 years ago. They have their corporate head office at 168 Scarlet Dr. Fletcher, NC 28732 and the current CEO of the company is Melissa Rulli.
Eye On Your Home offers in-house financing to cover franchise fee and they are seeking new franchise units throughout the United States Of America.
Financial Requirements
- Initial Investment – $27,550 – $37,550
- Net-worth Requirement – $50,000
- Liquid Cash Requirement – $25,000
- Initial Franchise Fee – $25,000 – $25,000
- Ongoing Royalty Fee – $350/mo.
- Ad Royalty Fee – $100/mo.
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Wallace Property Management Group
Wallace Property Management Group is one of the leading property management firms that was founded in 2006 and they started franchising since 2014, that is about 5 years ago. They can be contacted via P.O. Box 2125 Lexington, SC 29071. The current CEO of the company is Scott Wallace.
Wallace Property Management Group has relationships with third-party sources which offer financing to cover franchise fee, inventory, accounts receivable, and payroll. Wallace Property Management Group is seeking new franchise units in the United States.
Financial Requirements
- Initial Investment – $51,400 – $71,250
- Net-worth Requirement – $100,000
- Liquid Cash Requirement – $40,000 – $100,000
- Initial Franchise Fee – $30,000
- Ongoing Royalty Fee – 6%
- Ad Royalty Fee – 2%
- Veteran Incentives – $10,000 off franchise fee
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Keyrenter Property Management
Keyrenter Property Management is of the leading residential property management company in the United States of America that was founded in 2007 and they started franchising since 2014, that is about 5 years ago. They have their corporate head office at 79 E. Fort Union Blvd. Midvale, UT 84047 and the current CEO of the organization is Aaron Marshall. The Parent Company of Keyrenter Property Management is Keyrenter Franchise LLC.
Key Renter Franchise touts that property management is a recession proof industry in their key points. That is absolutely true. As a matter of fact, the market usually grows when the economy skids. Property values drop (and eventually recover), and buyers snap up properties as rentals.
Keyrenter Property Management offers in-house financing to cover franchise fee and also they have has relationships with third-party sources which offer financing to cover franchise fee, and startup costs. Keyrenter Property Management is seeking new franchise units throughout the United States of America
Financial Requirements
- Initial Investment – $70,140 – $122,395
- Net-worth Requirement – $150,000
- Liquid Cash Requirement – $50,000
- Initial Franchise Fee – $35,000 – $35,000
- Ongoing Royalty Fee – 7%
- Ad Royalty Fee – 1%
- Veteran Incentives – 10% off franchise fee
5. Real Property Management
Real Property Management is one of the the largest property management franchise organizations in America. Their franchise opportunity is affordable, requires no prior experience, has no national competitor and generates consistent monthly revenue.
As the first and largest franchise organization in residential property management, and with over 30 years’ experience refining property management.Real property management franchised their first office in 2005 but have been around in total since 1986, and their 300th franchised office opened in 2017. They have also managed to receive awards from Forbes, the Top 10 Franchises $0 to $150,000 in 2014.
Financial Requirements and Info
- Available Locations – Franchise opportunities currently available across the United States.
- Minimum Cash Required – $75,000
- Franchise Fee – $45,000
6. All County Property Management Franchise
All County Property Management Franchise was founded in 1990 and they started franchising since 2008, that is about 11 years ago. They have their corporate head office at 5922 9th Ave. North St. Petersburg, FL 33710 and the current CEO of the company is Sandy Ferrera.
All County Property Management Franchise Corp. offers in-house financing to cover only franchise fee.
Financial Requirements
- Initial Investment – $66,950 – $98,900
- Net-worth Requirement – $75,000
- Initial Franchise Fee – $39,500 – $39,500
- Ongoing Royalty Fee – 7%
- Ad Royalty Fee – 1%
- Veteran Incentives – $3,000 off franchise fee
7. Manager4Less
Manager4Less is yet another fast – growing property management company that is seeking investors to buy their franchise throughout the United States of America.
Financial Requirements
- Franchise fees – $20,000.
- Royalties – 3%
- The marketing fund – 5%
8. Property Management Inc.
Property Management Inc. is a leading commercial, residential, and association property management company in the United States of America. The company was founded in 2008 and they started franchising since 2008 and that is about 11 years ago. They have their corporate head office at 2940 W. Maple Loop Dr., #104 Lehi, UT 84043 and their current CEO is Steve Hart.
Property Management Inc. also has a web – based video training library, and monthly webcast training. Property Management Inc. has relationships with third-party sources which offer financing to cover franchise fee, startup costs, equipment, and inventory. The company is seeking new franchise units worldwide.
Financial Requirements
- Initial Investment – $21,250 – $106,800
- Net-worth Requirement – $50,000 – $500,000
- Liquid Cash Requirement – $50,000 – $100,000
- Initial Franchise Fee – $15,000 – $45,000
- Ongoing Royalty Fee – 4-6%
- Ad Royalty Fee – Up to 2%
- Veteran Incentives – 10% off standard ($35,000) franchise fee
9. Real Estate Solutions
Real Estate Solutions has been one of the leaders in property management for over a decade. They have been competing against much larger companies, in multiple markets. Real Estate Solutions are now ready to take their battle-tested systems, innovations, efficiencies and company culture on the road and they are ready to start awarding franchises to those who share their vision for success.
They started Real Estate Solutions based on their own realization that the property management industry did not meet the needs of landlords. It was impossible to find a professional, organized, detail-oriented company to handle an asset valued as highly as a rental property. Real Estate Solutions knew there was an opportunity, and they seized upon it.
The franchise gives you instant credibility as a foremost expert in property management. Their systems are unmatched. They are polished and tested. Their training ensures you will have all the tools you need to master running your RES Franchise.
Financial Requirements and Info
- Minimum Cash Required – $30,000
- Total Investment Range – $37,000 – $68,000
- Veterans – ,000 Discount from the IFF.
- Financing Available – Up to 50 percent of IFF may be financed with approved credit for 24 months. 5% APR, no prepayment penalty.