Real Property Management
Description:
Real Property Management (RPM) is the nation’s leading property management franchise. Our revolutionary programs help to maximize success and income potential for our franchise network.
Opportunities:
Opportunities available throughout the USA and Canada.
Business Type:
Franchise.
Minimum Investment:
$49,000.
Training Provided:
Yes.
SBA-Approved:
Yes.
View this VIDEO from Real Property Management
Get Real: Kirk McGary Provides Insight Into Property Management Industry. In this franchise video interview, Michele talks to Kirk about his success as a franchisee with Real Property Management. If you're interested in running your own business and taking advantage of over 20 years experience, don't forget to complete the form below!
Layton Firm to Manage Foreclosed Properties for Freddie Mac
September 3, 2009
Real Property Management, Layton, has been awarded a property management agreement by the Federal Home Loan Mortgage Corp. ("Freddie Mac"), a leading government-sponsored enterprise that buys mortgages in the secondary or retail market to manage its foreclosed properties nationwide.
Company president Kirk McGary said the deal involves thousands of properties and that Freddie Mac sought out Real Property Management due to its size — it has more than 200 offices in 35 states.
"There are about 39,000 property management companies in our industry but I only know of about three that have offices in more than one state," he said. "In the case of Freddie Mac they needed help nationwide and we're really the only company that can come close to addressing those needs. We're real attractive because we're the only company in the country that can manage residential property nationwide."
McGary declined to assign a value to the contract, which is open-ended. And, he said, it is not the largest contract Real Property Management has landed.
"We have a number of contracts that are actually much larger," he said. "With all the foreclosures right now there are a lot of investment groups that have gone out and acquired literally thousands of properties. Once they buy them, they all start thinking, 'Wow, who is going to manage all these?' So they start looking and sure enough they find us — or we find them."
In many cases, he said, the foreclosed owner is still in the property. Real Property Management will step in, negotiate a lease agreement with the tenant, collect rent, remit it to the property's owner, conduct inspections and perform maintenance.
Dating back to 1986, Real Property Management began franchising approximately four years ago. All locations but the Layton office are now franchised, as the firm sold several company-owned locations last year.
McGary said the firm is experiencing explosive growth and will soon move to a larger location. Three additional full-time employees have been added to the Layton office in the last two weeks. The company currently manages more than 20,000 properties and specializes in single family homes, plexes and small apartments with fewer than 50 units. Its services include finding tenants, credit and criminal screening, owner checks, online access to accounting and financial reporting, maintenance coordination, periodic inspections and eviction processing.
From an article by Barbara Rattle in The Enterprise, April 13-19 2009.
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