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FRANCHISE RESALES

Buy a Real Property Management Franchise

Real Property Management is one of the largest residential property management franchises in North America and operates as part of Neighborly, the home services franchise group. Founded in 1986 and franchising since 2004, it manages tens of thousands of rental homes through hundreds of franchise locations, primarily across the United States.

The model is built around full-service management of single-family homes, condominiums, and small residential portfolios on behalf of individual and institutional investors. Franchisees handle marketing and leasing, resident screening, rent collection, property inspections, 24/7 maintenance coordination, eviction processing, and year-end financial reporting. Revenue is largely recurring, earned through ongoing management fees tied to the rents collected.

Owners do not buy or hold property themselves; they manage other people’s real estate, which keeps the model asset-light and territory-based. As a Neighborly brand, franchisees draw on national vendor purchasing through ProTradeNet, cross-brand referrals, and a recognized consumer name in a category still dominated by independent operators.

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Why buy a Real Property Management Franchise?

Buying a Real Property Management franchise offers entry into a recurring-revenue service business within a large, resilient rental-housing category. Management fees tied to monthly rents create predictable cash flow that tends to hold up across economic cycles, since rental demand often strengthens when home ownership becomes harder to afford.

The brand’s scale and Neighborly backing are meaningful differentiators in a market still served largely by small independents. Franchisees gain national brand recognition, established operating systems, the Wealth Optimizer tool for investor clients, marketing support, and purchasing leverage through ProTradeNet’s vendor discounts and rebates. The asset-light structure lets owners manage properties without owning them, keeping capital in the business rather than in real estate.

Real Property Management Franchise Costs & Information

Based on 2025 data reported in the 2026 FDD

  • Brand Profile

    • Year Founded

      1986

    • Franchising Since

      2005

    • New Startup Cost

      $99,341 – $244,302

    • Avg. Resale Price

      Contact us for details

  • Franchise Fees

    • Initial franchise Fee

      $69,900

      for new territories

    • Transfer Fee

      $10,000

    • Royalty Fee

      7%

      of Gross Revenue

    • Marketing Fee

      2%

      of Gross Sales

  • Unit Performance

    • Total Units *

      450

    • New Units Opened *

      31

    • Units Transferred *

      13

    • Avg. Unit revenue *

      $4,552

    * Based on 2025 data reported in the 2026 FDD

Real Property Management – Additional  Information

  1. Training & Support

    New owners are paired with a Sure Start Business Coach for launch and a designated business coach thereafter, with initial training (the FDD lists 42 classroom hours plus 256.5 on-the-job hours) delivered from Neighborly's Waco or Dallas, Texas offices, plus six weeks of webinar sales training and the annual "Reunion" conference. Ongoing support spans marketing playbooks, localized websites, the Wealth Optimizer tool, third-party property-management software, and ProTradeNet vendor discounts; trade skills are not taught. Buyers of an existing office should confirm what transfer training and system access carry over to new ownership.

  2. Ideal Owner

    The model suits financially-savvy, service-oriented operators who can build trust with investor clients and lead a small team rather than perform maintenance themselves. Sales ability, organization, and relationship management matter more than hands-on trade skills, and prior real estate or property-management experience helps but is not required. Many states require a real estate license to operate, which incoming owners must hold or obtain. A semi-absentee approach is possible with a capable manager in place.

  3. Recognition & Awards

    Real Property Management ranks #1 in its property-management category on Entrepreneur's 2026 Franchise 500 and appears on Franchise Business Review's 2026 Top 200 for franchisee satisfaction. Recent FBR recognition also spans 2025 Top Franchise listings for Women, Veterans, Most Profitable, Recession-Resistant, and Low-Cost. As the largest and one of the most credentialed single-family management brands, backed by the Neighborly network, it carries strong name recognition. Resale buyers should weigh brand-level standing alongside the specific territory's local reviews and referral sources.

  4. Industry / Market

    Property management sits within a large, durable US rental-housing market of roughly 44 million renter-occupied homes, with about a third of households renting. Single-family rentals are a fast-growing segment, driven by affordability barriers that keep would-be buyers renting longer and by investors expanding their holdings. The category is largely recession-resilient, as rental demand often rises when home purchases stall, and most management revenue recurs monthly. For resale buyers, local vacancy rates and investor activity shape an office's growth potential.

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