Top 250 Franchise by Entrepreneur-Rank no.143 – Real Property Management – US
Products & Services: Property-management services
Number of Locations: 236
Total Investment: $56.54K – 99.9K
Began Franchising: 2005
About Real Property Management
In 1983, Kirk McGary and two friends began offering residential property management services in order to make money while attending college. Shortly after McGary graduated, his father was laid off, and McGary suggested that they start a property management company together. The company, which began franchising in 2004, offers residential and commercial property management services including marketing, leasing, maintenance, collections, evictions, accounting, inspections and legal compliance.
Startup Costs, Ongoing Fees and Financing
Total Investment: $56,550 – $99,900
Franchise Fee: $20,000 – $40,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 5 years, renewable
How This Franchise Supports Franchisees
Franchise Ranking History
About Real Property Management Midwest
Real Property Management Midwest (RPM Midwest, LLC) operates in Greater Cincinnati, Columbus, and Dayton, Ohio as well as Louisville and Northern Kentucky.
About RPM Midwest
RPM Midwest, LLC (d.b.a. Midwest Realty) is a full service property management company and licensed real estate brokerage based in Cincinnati, Ohio. As one of 200+ offices in the Real Property Management nationwide network, RPM Midwest is able to utilize the tools and expertise of the largest property management business in the U.S. We manage single-family homes, individual condo units, and small multi-family buildings. Real Property Management is one of the regions top property management and leasing companies providing comprehensive management services to the metro areas of:
History of RPM Midwest
RPM Midwest was founded in 2007 when owner Sam Thompson recognized the need for an affordable, reputable, real estate management company in the Greater Cincinnati market. Drawing on his experience as a landlord/investor, Sam built RPM with customer focused core values. RPM initially concentrated on full spectrum services for owners of 1-4 unit properties. The market responded, and our franchises in Ohio have grown to nearly 1500 units currently under management.
Our mission is to provide you with a simple cost/benefit solution. By employing our services, you will get in return a trouble-free passive income stream from your real estate investments. The focus required to manage and maintain non-owner occupied investment property becomes ours. No one offers the level of property management service that we do.
Real Property Management has a very diverse clientele, managing a variety of different property types and sizes. Whether you need a single house leased, a portfolio of rental homes managed, or an apartment building that needs some TLC, Real Property Management’s experienced managers will help you maximize the value of your property. Real Property Management makes owning property the profitable and enjoyable experience it should be, providing you the most valuable commodity… Free time!
We offer Full Service Management Agreements including leasing/tenant placement, rent collection, in-house maintenance services, online accounting and bill payments, as well as eviction processing when necessary. We have a Leasing Only Service where RPM will find and screen the tenant, and then collect the security deposit, prepare the lease, and perform the lease signing for you-then you can take over from there. If all you need is help with a bad tenant, our Eviction Only Service is the option for you. Still though, 98% of our clients do opt for the Full Service Management Agreement, mainly for the peace of mind, since they know the professionals are taking care of everything so they can focus on the more important things in life!
“Stop the bleeding," is a phrase we routinely hear in the Property Management Business. Many owners can’t sell, and just can’t afford to keep making a mortgage payment on a house that they no longer live in. We provide many owners a way to help them make that mortgage payment by providing offsetting rental income to cover the mortgage and other expenses.
Why use Real Property Management? Property Management in Ohio/Kentucky requires an extra level of sophistication and focus. Real Property Management is locally owned and operated by real estate industry professionals that provide expert personalized local service, while having the immense resource of a national corporate staff of full time legal professionals, seasoned leasing agents, licensed Realtors, qualified maintenance and trade specialists, tenant relations, staff accountants, and Internet marketing specialists. These are all at your disposal as a Real Property Management client. No other brokerage or property management firm can access this library of resources for such a comprehensive level of service without substantially increasing their fees. That’s why we offer a great service and can still be the least expensive!
Nationally, Real Property Management has over 200 offices and over 30,000 properties under management. With our level of purchasing power, we have formed relationships with national corporations such as Home Depot, offering product discounts; National Banking institutions, like Wells Fargo, with preferred rates and fees; preferred contractors for flooring, plumbing, roofing, paint and carpentry, that recognize us as a resource for business cooperation and as such give our clients preferred attention, services and better rates.
A small sample of benefits RPM offers
- Vacancies are advertised on over 100 rental websites, giving you maximum exposure, and reducing the amount of time your place sits vacant
- Quick payment to our owners, paying you days after your tenants pay, not 45 days later
- 24/7 emergency maintenance services
- Online accounting that YOU as an owner or tenant can see anytime, day or night
- A live person to talk to when you call our office
- Cover the cost of evictions when enrolled in the Eviction Protection Plan
Real Property Management is a licensed real estate brokerage and full service property management company based in Cincinnati, Ohio. RPM provides comprehensive real estate management, rental home, and apartment leasing services. With offices in Columbus, Dayton, Louisville, and Cincinnati, RPM Midwest manages property in or around every city throughout Southwest Ohio, Northern Kentucky and Louisville. Our experienced team and professional property managers work hard for homeowners, investors, housing associations, and tenants alike, throughout the communities we service.
Real Property Management is the largest residential real estate management franchise in the U.S., with over 200 locations, managing over 30,000 rental properties nationwide. RPM Midwest operates 4 of those locations having managed over 3000 properties since opening.
See the difference nationally backed, locally based expertise and experience makes at Real Property Management Midwest!