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.

The nationwide leader in property management, Real Property Management has more than 300 franchise locations in North America and has been serving homeowners and investors for over 30 years.

Why Choose Real Property Management?

Whether you have a single rental home or multiple investment properties, trust the professionals at your local Real Property Management office to manage your real estate assets. Professional guidance and rigorous processes help you get the best rental rates and quality tenants who stay longer and take care of your property.


Entrepreneur Magazine ranked Real Property Management #1 in Property Management, and Forbes recognized Real Property Management as a Top 10 Franchise, $0-$150,000 investment. In addition, we have been ranked in the Franchise 500 for seven consecutive years, and the Inc 500 for four consecutive years. We have also earned awards for franchise worthiness for veterans and for franchisee satisfaction.

In addition to awards, reputable media sources frequently seek our expert opinion for features related to housing, the real estate market, and property management.

Recognized by entrepreneurs and franchisors as a top competitive tool of measurement, the Franchise 500® recognized Real Property Management for its exceptional performance in areas including financial strength and stability, growth rate, and brand power.

Real Property Management was also acknowledged by Franchise Business Review as a 2017 Top 200 franchise opportunity, based on franchisee satisfaction and performance.

Company Founded


Current Leadership

Jeff Pepperney, Brand President

Started Franchising

2004 (17 years)

Total Number of Units

337 (as of 2020)

Part-Time / Full-Time

Full Time

How Much Does It Cost To Open A Real Property Management Franchise?

There are several costs associated with opening a Real Property Management franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.

Some franchises may have a weekly fee that the franchisee pays for operating a Real Property Management franchise. The weekly fee for opening a Real Property Management franchise is License Fee Due On The 15Th Of Each Month.

The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Real Property Management Is Renewable) and does the franchise offer financing support (Real Property Management Real Property Management has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll).

Real Property Management Company Details

Here are some additional details about Real Property Management.

Parent Company Neighborly
Initial Investment $55,000
Veteran Incentives 15% off franchise fee
Royalty Fee 7%
Ad Royalty 1-2%
Term of Agreement 10 years
Absentee Ownership No
Run from Home No
Part Time No

Training and Support Offered By Real Property Management

Real Property Management offers several support options to its franchisees. With 337 (as of 2020) units, Real Property Management aims to provide support to each franchise owner to help them operate a successful franchise location. Real Property Management offers No on the job training, 66.5 hours classroom training, and Online training, 7 weeks; ongoing advanced training additional training.

Training and Support Offered

Here are the support options offered by Real Property Management.

On-The-Job Training No
Classroom Training 66.5 hours
Additional Training Online training, 7 weeks; ongoing advanced training
Ongoing Support
  • Purchasing Co-ops
  • Newsletter
  • Meetings & Conventions
  • Toll-Free Line
  • Grand Opening
  • Online Support
  • Security & Safety Procedures
  • Field Operations
  • Proprietary Software
  • Franchisee Intranet Platform
Marketing Support
  • Co-op Advertising
  • Ad Templates
  • National Media
  • Regional Advertising
  • Marketing Planning & Support
  • Social Media
  • SEO
  • Website Development
  • Email Marketing
  • Loyalty Program/App

Is Real Property Management Right For You?

Real Property Management has gone digital! Here are all of the ways you can find Real Property Management online. Oftentimes, you can reach out to current franchisees of Real Property Management online. Current franchisees may be able to offer personalized insights into what it is like owning a Real Property Management franchise and offer tips to running a successful Real Property Management franchise location.


Why Should You Start a Real Property Management Franchise?

Investing in a Business Services franchise such as Real Property Management can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Real Property Management franchise and we'll be in touch soon!

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