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We extract fees, Item 19 financials, franchisee contacts, SBA default rates, litigation, and outlet data from every FDD — so you can compare brands in minutes, not months. Used by multi-unit operators, consultants, and franchise development teams.

REAL PROPERTY MANAGEMENT

REAL PROPERTY MANAGEMENT

Real Property Management franchises enable operators to provide comprehensive property management services, including tenant screening and placement, leasing, rent and fee collection, maintenance and repair management, evictions, accounting, and marketing for single and multi-family residential properties, commercial properties, REO properties, vacation rentals, and common interest communities. The business model revolves around granting licenses to use the Real Property Management System, marks, and operational standards in designated metropolitan areas with populations typically over 100,000 and significant single-family rental stock. The target market consists of property owners and investors seeking professional management solutions in these areas.

450locations
$105K–$253K
Since 2005
ServicesWaco, TXNeighborly Assetco LLCwww.realpropertymgt.comDisclaimer

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Franchise Costs

Franchise Fee
$69,900
Initial Investment
$104,591 – $253,352
Royalty Rate
7.00%
Brand Fund
2.00%
Fixed Monthly Fees
$1,021 – $1,701

7% royalty + 2% ad fund + minimum $1000/mo technology fee

Financial Performance


Item 19 Financial Performance

Average Gross Revenue
$4,552
Median Gross Revenue
$4,256

Data Based On: Data is based on 421 franchised businesses that were in operation and reporting sales for the entire calendar year 2025.

* The document explicitly states on page 2 that "no costs or expenses are taken into account" for the Annual Revenue results. Therefore, no gross profit, net income, net profit, or EBITDA metrics can be calculated or estimated, and no best guess profit range can be provided. The average gross revenue per unit ($4,552) is taken from the 'Total Reporting Franchises Overall' table on page 3, and the median gross revenue per unit ($4,256) is taken from the continuation of the 'Total Reporting Franchises Overall' section on page 4.

Extracted Item 19 Section

Avg. Revenue: $4,552

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How REAL PROPERTY MANAGEMENT Compares

Key Insights

  • Top 10 largest franchise system in Real Estate Services
FranchiseInvestmentFeeRoyaltyLocations
REAL PROPERTY MANAGEMENT
Current
$105K – $253K$70K7.0%450
CENTURY 21 REAL ESTATE$33K – $279K$25K6.0%1,807
HOMEVESTORS$150K – $477K$85K2.0%862
KELLER WILLIAMS REALTY - REGIONAL REPRESENTATIVE$131K – $424KN/AN/A794
PILLAR TO POST INC$103K – $134K$59K7.0%350
WIN HOME INSPECTION BUSINESS$41K – $50K$21K7.0%247
Real Estate Services Average
24 franchises
$155K – $301K$47K7.1%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 24 Real Estate Services franchises by location count.

Locations & Growth


Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2025)

Outlets by state across the United States

Top States
1TX
53
2FL
50
3CA
43
4VA
24
5NC
18
6GA
18
7IL
18
8AZ
16
9MD
12
10WA
12
11PA
10
12UT
10
13NY
10
14TN
10
15MA
10

+36 more states

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SBA Loan History


Historical SBA 7(a) loan data for REAL PROPERTY MANAGEMENT franchisees (20152025)

Total Loans
99
Average Loan
$281,502
Total Volume
$27.9M
Default Rate
3.0%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

99 SBA loans on record

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Franchisee Contacts

409 franchisee contacts on file from official FDD filings.

409 Contacts Available

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Due Diligence


Litigation (Item 3)

Franchisee Cases5

Primarily disputes involving the enforcement of post-termination restrictive covenants, breach of contract claims, and one case alleging fraud and violation of franchise laws.

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
0
Non-Renewals
7
Reacquired
0
Ceased Ops
2
Transfers
13
Sold to Franchisees
0
Projected New
29

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Frequently Asked Questions

The total initial investment to open a REAL PROPERTY MANAGEMENT franchise ranges from $104,591 to $253,352. This includes a franchise fee of $69,900. Ongoing royalty fees are 7.0% of gross sales.