Real Property Management Franchise FDD, Costs & Fees (2025)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Number of franchises

423

Investment required

$92,000 - $266,000

Revenue (AUV)

$636,000

Last 3 years unit growth

18%

Initial franchise fee

$59,900

Operating Profit

n.a.

Real Property Management: Leading the Way in Residential Property Management

Real Property Management (RPM) stands as the largest residential property management franchise organization in North America, managing tens of thousands of properties for individuals, investors, and institutions across the country.

Founded over 35 years ago by entrepreneurs Kirk McGary and Doug Oler, RPM has grown from a single property management business into a vast network of independently owned and operated offices nationwide.

In 2005, McGary and Oler launched their first franchised office, marking the beginning of RPM's expansion across the United States and Canada. Today, with more than 450 locations, RPM offers professional property management services, including tenant screening, leasing, maintenance, and evictions.

What sets Real Property Management apart is its commitment to delivering peace of mind to property owners by protecting their investments, minimizing costs, and maximizing income without interrupting daily life.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

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

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Franchise Disclosure Document

Training

Real Property Management provides comprehensive training to its franchisees to ensure they deliver high-quality services. This training encompasses several key areas:

Property Management Fundamentals: Franchisees receive instruction on essential property management practices, including tenant relations, lease agreements, property maintenance, and legal compliance. This foundational knowledge is crucial for effective property management operations.
Marketing and Lead Generation: Training includes strategies for attracting property owners and tenants, utilizing both traditional marketing methods and digital platforms. This equips franchisees with the skills to effectively promote properties and services.
Technology Integration: Franchisees are trained to use proprietary software and other technological tools designed to streamline operations, manage client interactions, and maintain accurate financial records. Proficiency in these tools enhances efficiency and service quality.
Business Operations and Growth: The training program covers business management aspects such as financial planning, human resources, and strategies for scaling the business. This comprehensive approach prepares franchisees to successfully manage and expand their operations.

Territory Protection

Real Property Management offers franchisees a designated territory with limited protection. Typically, this territory covers a population exceeding 100,000 people.

However, the franchisor reserves the right to establish or operate additional businesses in the same area, as long as there is no more than one additional location per 100,000 persons.

This arrangement provides franchisees with a substantial market while allowing strategic brand expansion. Prospective franchisees should carefully review the Franchise Agreement to fully understand the specifics of their territorial rights and any limitations. This ensures clarity and helps in planning business operations effectively.