Real Property Management Franchise FDD, Profits & Costs (2025)
Real Property Management (RPM) is a leading franchise in the property management industry, founded in 1986 and headquartered in Salt Lake City, Utah.
RPM has established itself as the largest single-family property management organization in North America, with a substantial presence across the continent. Real Property Management began franchising in 2005.
The franchise focuses on managing single-family homes, townhomes, condos, multiplexes, and small apartment buildings for rental property owners.
RPM differentiates itself through a comprehensive support system for franchisees, including integrated digital marketing, operations support, and the benefits of being part of the Neighborly® franchise system, known for its national reputation and extensive network.
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Initial Investment
How much does it cost to start a Real Property Management franchise? It costs on average between $92,000 – $266,000 to start a Real Property Management franchised business.
This includes costs for office setup, technology, marketing materials, and initial operating expenses. The exact amount depends on various factors, including the location, the size of the territory, and whether the franchisee chooses to lease or purchase the office space.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $59,900 |
| Marketing | $8,000 – $8,000 |
| Real Estate/Rent | $2,250 – $6,000 |
| Vehicle | $3,000 – $5,000 |
| Insurance | $6,250 – $7,250 |
| Equipment and Supplies | $2,500 – $5,000 |
| Training, Travel, Lodging and Food | $1,000 – $1,500 |
| Property Management Software | $1,028 – $1,028 |
| System Technology Fee | $240 – $240 |
| Task Management and Lead Management Software | $300 – $300 |
| Licenses, Permits, Subscriptions | $750 – $2,000 |
| Legal & Accounting | $1,500 – $5,000 |
| Additional Funds (first 12 months) | $5,000 – $175,000 |
| Total | $92,000 – $266,000 |
Average Revenue (AUV)
How much revenue can you make with a Real Property Management franchise? A Real Property Management franchised facility makes on average $636,000 in revenue (AUV) per year.
This compares to $322,000 yearly revenue for similar broker/realtor franchises. Below are a few Real Property Management competitors as a comparison:
The most profitable franchises to own in 2025
We have compiled the list of the top 400 franchises across 9 industries. Download the report below.
Real Property Management Franchise Disclosure Document
Frequently Asked Questions
How many Real Property Management locations are there?
As of the latest available data, Real Property Management operates over 450 locations across North America, making it the largest single-family rental residence management franchise in the region. These locations are independently owned and operated franchises, each managed by local experts familiar with their specific areas.
What is the total investment required to open a Real Property Management franchise?
The total investment required to open a Real Property Management franchise ranges from $92,000 to $266,000.
What are the ongoing fees for a Real Property Management franchise?
Real Property Management franchisee are required to pay a royalty fee of 7%, which is calculated based on the franchisee’s gross revenue. Additionally, franchisees are required to contribute 2% of their gross revenue to a marketing fund, which supports national and regional advertising efforts to promote the brand and attract new clients.
What are the financial requirements to become a Real Property Management franchisee?
To become a Real Property Management franchisee you must have a minimum net worth of $250,000 and liquid capital of at least $100,000. These requirements ensure that franchisees have the financial stability and resources necessary to establish and operate their franchise effectively while adhering to the brand’s standards and operational guidelines.
How much can a Real Property Management franchise owner expect to earn?
The average gross sales for a Real Property Management franchise are approximately $0.64 million per location. Assuming a 15% operating profit margin, $0.64 million yearly revenue can result in $96,000 EBITDA annually.
Who owns Real Property Management?
Real Property Management is owned by Neighborly, a leading franchisor of home services brands. Neighborly, formerly known as Dwyer Group, is recognized for its extensive portfolio of service-based franchises that cater to homeowners and businesses, providing a wide range of professional services.
Disclaimer
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