Best Property Management Franchises for 2024
What are property management franchises? And What do they offer? Property management refers to the operation, control, and oversight of real estate properties on behalf of owners. It involves tasks such as marketing, tenant screening, rent collection, maintenance, and more. By having a property management franchise, you will be able to operate your own property management business under the name of a well-known and established brand. The benefits of property management franchises include access to a proven business model, comprehensive training and support, and a network of industry professionals. In this article, we will discuss the best property management franchises ranked by unit growth.
Contents
Best Property Management Franchises for 2023
Property Management Inc.
Total U.S. Locations |
405 |
Net Unit Growth (3 years) |
146 |
Initial Investment |
$68K-$150K |
Royalty Fees |
6% |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Property Management Inc. has a property management franchise business model that offers a wide view of community associations of residential, commercial, and vacation/short-term. Also, as a customer, you will operate Property Management Inc. in the chosen geographical area that the company provides in addition to using their logo, name, and trademark.
Total U.S. Locations |
111 |
Net Unit Growth (3 years) |
106 |
Initial Investment |
$122K-$297K |
Royalty Fees |
15% |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
KeyGlee franchisees use the company’s trademarks and systems in providing real estate brokerage services to customers who wish to buy, sell, or lease real property. They also grant or offer you an area representative franchise that recruits prospective unit franchises in the designated area.
Joe Homebuyer
Total U.S. Locations |
62 |
Net Unit Growth (3 years) |
61 |
Initial Investment |
$131K-$444K |
Royalty Fees |
4-9% (check FDD for more information) |
Estimated Profits |
Click here |
Estimated Resale Value |
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The Joe Homebuyer property management franchise helps you buy and sell homes. They are also the one shop you would need for all your buying and selling. Joe Homebuyer offers a lot of services some of which include home inspections, mortgage services, home repairs, and others. They help customers find the best home to buy in the range of their budget and help them with the paperwork to insure a smooth transition.
They can be a great franchise to own if you’re interested in buying and selling homes while also performing other property management services.
Grand Welcome
Total U.S. Locations |
30 |
Net Unit Growth (3 years) |
25 |
Initial Investment |
$38K-$168K |
Royalty Fees |
8% |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Grand Welcome is a well-known property management franchise that is one of the fastest-growing property management franchises in the business. They specialize in vacation rental and property management. By owning this franchise, you will operate just like the actual business.
Total U.S. Locations |
25 |
Net Unit Growth (3 years) |
24 |
Initial Investment |
$94K-$180K |
Royalty Fees |
2.75% of gross sales |
Estimated Profits |
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Estimated Resale Value |
Click here |
New Again Houses is a property management franchise that will help you operate just like the actual business. They specialize in purchasing, remodeling, and selling residential properties using a variety of products, methods, techniques, and services.
Iron Valley Real Estate
Total U.S. Locations |
30 |
Net Unit Growth (3 years) |
21 |
Initial Investment |
$64K-$139K |
Royalty Fees |
$150 per transaction side |
Estimated Profits |
Click here |
Estimated Resale Value |
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Iron Valley Real Estate was established in 2013, and although they started franchising 5 years later, in 2018, they are now running the business for 11 years and going. Iron Valley Real Estate franchisees use the company’s trademarks and systems in providing real estate brokerage services to customers who wish to buy, sell, or lease real property.
Casago
Total U.S. Locations |
27 |
Net Unit Growth (3 years) |
21 |
Initial Investment |
$51K-$413K |
Royalty Fees |
4% |
Estimated Profits |
Click here |
Estimated Resale Value |
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Casago was established in 2020 and started franchising 1 year later in 2021. The franchise has been in business for 3 years. This property management franchise has a business model that offers short-term vacations, corporate housing rentals, and property management services.
Delta Restoration Services
Total U.S. Locations |
28 |
Net Unit Growth (3 years) |
20 |
Initial Investment |
$72K-$269K |
Royalty Fees |
Royalty fees vary, check FDD for more information |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Delta Restoration Services was established in 2010 and started franchising in the same year. They have been in the business for approximately 13 years, and they offer a wide scale of restoration such as water damage, fire damage, mold remediation, and more. Delta Restoration Services has one of the best customer services and is still improving to satisfy its customers.
A Suite Salon
Total U.S. Locations |
16 |
Initial Investment |
$362K-$1.1M |
Royalty Fees |
5% |
Estimated Profits |
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Estimated Resale Value |
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A Suite Salon is a property management franchise that offers luxury salon suites for rent independently from salon professionals who may be licensed cosmetologists, estheticians, or beauty-related professionals. The franchise is under the A Suite Salon trade name and system.
Renovation Sells
Total U.S. Locations |
17 |
Net Unit Growth (3 years) |
16 |
Initial Investment |
$79K-$171K |
Royalty Fees |
7% |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Renovation Sells was founded in 2020 and started franchising in the same year. They have been running for 3 years, and they operate to help people renovate their residential real estate under the trademark name Renovation Sells.
Renters Warehouse
Total U.S. Locations |
25 |
Net Unit Growth (3 years) |
16 |
Initial Investment |
$15K-$50K |
Royalty Fees |
The greater of $1,000 per month or 5% of monthly gross revenues |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
This property management franchise offers a business model that provides a wide range of unique plans that are designed to meet the tenants’ and landlords’ specifications. Some of these plans include rent collection, lease renewals, maintenance and repair, and evictions.
Red Barn
Total U.S. Locations |
14 |
Net Unit Growth (3 years) |
13 |
Initial Investment |
$214K-$1.35M |
Royalty Fees |
$54K-$252K |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Red Barn was founded in 2005 and started franchising in 2022. They operate to help people renovate their residential real estate under the trademark name of Red Barn.
All County Property Management
Total U.S. Locations |
66 |
Net Unit Growth (3 years) |
12 |
Initial Investment |
$72K-$119K |
Royalty Fees |
7% |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
As a franchisee, you will operate All County Property Management in the chosen geographical area that the company provides in addition to using their logo, name, and trademark. The franchise also offers full services like real estate sales and management business.
Sperry Commercial Global Affiliates
Total U.S. Locations |
61 |
Net Unit Growth (3 years) |
12 |
Initial Investment |
$12K-$177K |
Royalty Fees |
$300 for each Real Estate Broker and Agent and Junior Agent employed by or associated with your Office at the end of each calendar month, plus a “Royalty Override” of 2% of the “Gross Commission Income” (or “GCI”) of your Office that is greater than $100,000 in a calendar year. |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Sperry Commercial Global Affiliates franchisees use the company’s trademarks and systems in providing real estate brokerage services to customers who wish to buy, sell, or lease real property. They also grant or offer you an area representation franchise that recruits prospective unit franchises in the designated area.
Keyrenter Property Management
Total U.S. Locations |
44 |
Net Unit Growth (3 years) |
9 |
Initial Investment |
$101K-$178K |
Royalty Fees |
10% |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Keycenter Property Management’s specialty is selling or acquiring condos, apartments, and single-family homes. They offer full services like buying, selling, evicting, and maintenance. They are the best option for landlords who need more time or resources to manage their rental business. They also extended to online tools in which tenants and owners can manage their properties from.
IPG Florida
Total U.S. Locations |
41 |
Net Unit Growth (3 years) |
3 |
Initial Investment |
$304K-$570K |
Royalty Fees |
$60 per each property under management on the last day of each month. |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
This property management franchise was established in 1996 and started franchising in 2001. IPG Florida is one of the best franchises as they specialize in property management, asset management, real estate sales, and more. They offer you a professional and knowledgeable team to aid you every step of the way.
Showhomes
Total U.S. Locations |
45 |
Net Unit Growth (3 years) |
-10 |
Initial Investment |
$77K-$120K |
Royalty Fees |
10% |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Showhomes have designed plans to help owners of both vacant and occupied homes enhance the beauty and potential sale of their homes. They help with home management, staging, makeovers, decorating, and interior updating. Franchisees use the company’s trademarks and systems in providing real estate brokerage services to customers who wish to buy, sell, or lease real property. They offer all that with a low-cost start-up, a business model, and comprehensive training plus support.
Windermere Real Estate
Total U.S. Locations |
304 |
Net Unit Growth (3 years) |
-12 |
Initial Investment |
$271K-$1.17M |
Royalty Fees |
No particular royalty fees, but there are other fees that you can learn more about in the FDD |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Windermere Franchisees use the company’s trademarks and systems in providing real estate brokerage services to customers who wish to buy, sell, or lease real property.
Real Property Management
Total U.S. Locations |
298 |
Net Unit Growth (3 years) |
-25 |
Initial Investment |
$92K-$266K |
Royalty Fees |
No particular royalty fees, but there are other fees that you can learn more about in the FDD |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Real Property Management was founded in 2004 and started franchising in the same year. Real Property Management franchisees use the company’s trademark and systems in providing real estate brokerage services to customers who wish to buy, sell, or lease real property. A franchise is offered or given to an area with a population of more than 100,000 citizens. Real Property Management franchises offer you opportunities to run your successful franchise.
Conclusion
In conclusion, the property management franchise industry continues to thrive in 2023, offering aspiring entrepreneurs great opportunities to enter the real estate market. These franchises, ranked by net unit growth, provide individuals with the chance to leverage established brand names, trademarks, and systems to deliver a range of property management and real estate services to customers.
