10 Property Management Franchises to Consider in 2023

The real estate industry is flourishing as it bounces back from the pandemic. And with many properties for rent or sale, owners need a helping hand managing them. That’s why property management is an excellent opportunity for business owners who want to help owners with their homes. And if you want to get into the real estate business without the hassle of starting one, you can franchise a property management franchise. Here are our top options for property management franchises to own.

1. Nexus Property Management

If you want to franchise a property management business that offers various programs and services, Nexus Property Management is ideal for you. Their programs include selling to investors, screening tenants, and helping property owners get the best value. Aside from those, you can be sure that Nexus will help you grow and promote your franchise. Plus, they’re updated with the latest tech to ensure that you can assist property owners and help potential tenants find their new homes.

Initial Investment Fee: $50,350 to $106,250

2. Real Property Management

As part of the Neighborly Franchising Group, Real Property Management is a go-to choice for many potential franchisees. They make it easy for potential franchisees to open their franchise in five steps, starting with an inquiry. Neighborly ensures that they’ll be with you every step of the way when you open the Real Property Management franchise. Plus, Real Property Management has received accolades, making them an attractive franchise.

Initial Investment Fee: $99,392 to $146,542

3. Grand Welcome

Although Grand Welcome handles vacation rentals, franchisees also manage rentals. They are a slowly growing property management franchise. Plus, they pride themselves on ensuring that property managers will generate higher revenue and assistance with operations. 

Plus, if you have an existing property management business, you can convert it into a Grand Welcome one. This will give your business more recognition through its well-known brand. And if you’re interested in franchising Grand Welcome, it’s available to franchise nationwide. 

Initial Investment Fee: $78,600 to $167,750

4. Keyrenter Property Management

One of the leading property management franchises is Keyrenter. They offer a full-service option, but even with this, they ensure it’s stress–free for the franchisees. You don’t need experience in real estate to become one of their franchisees. But if you’re interested in the industry, have business acumen, and are a great communicator, you’re qualified. Plus, if you’re a veteran, you get a discount on the franchise fee.

Initial Investment Fee: $101,125 to $178,279

5. All County Property Management

Franchisee success is important to All County Property Management. It’s through rigorous training, operational assistance, and software applications, among many others, that will help you earn money with them. You can rely on their business to get you to the top. Plus, they have low startup fees to help you get started easily. In addition, they allow flexibility when franchising with them.

Initial Investment Fee: $72,450 to $104,400

6. Property Management Inc

Property Management Inc (PMI) is one of the most popular real estate franchises. Many potential franchisees are enticed by the various revenue schemes that PMI offers. With PMI, you will handle residential, commercial, association, and short-term properties. They promise that their franchise is recession-proof. Plus, you will get backend support, training, and marketing while franchising PMI.

Initial Investment Fee: $21,250 to $106,800

7. Eye On Your Home

Like other property management franchises on this list, Eye On Your Home doesn’t require you to have experience in the real estate industry. But it’s important that you have sales experience and great communication skills. Plus, if you are also communicative and creative, you are definitely qualified.

You can start your franchising journey with them by filling out their contact form.

Initial Investment Fee: $27,250 to $71,750

8. Real Estate Solutions

Real Estate Solutions (RES) has been successful in the industry since 2008. Like other franchises on this list, they guarantee ongoing training and support. Plus, they have a reliable marketing strategy to help you close more deals and manage more properties. Aside from that, they use updated systems to provide high-quality services to clients. However, if you plan on starting a RES franchise, it’s important that YOU or your partner have a real estate license to get started.

Initial Investment Fee: Request franchise information

9. Showhomes

Showhomes is another property management franchise to consider. If you’re interested in this franchise, you need to start by submitting an inquiry. And if you are a good fit and complete their other forms, you’ll receive training and support. You don’t need prior experience in interior design or real estate work before franchising the Showhomes business.

And you can trust Showhomes for their experience and expertise since they have serviced around 35,000 homes. In addition, they have a net promoter satisfaction score of 92.

Presently, they have over 50+ franchises. But they’re available to open more franchises nationwide. Their open markets include:

• Oregon
• Nevada
• Connecticut
• New Jersey
• Delaware
• Maryland
• Minnesota

Initial Investment Fee: $77,400 to $119,500

10. iTrip Vacations

Do you want to work from home while running a property management franchise? It’s possible with iTrip Vacations. Plus, they make it accessible for anyone to franchise their business because you don’t need real estate experience. And you don’t need to own a property or rent one to start a franchise. It’s important, though, that you should live near where you’re starting a franchise. Plus, you need 15+ years of business experience.

It’s also important to know if your state requires a real estate license before starting a franchise. But you can open a franchise in California, Nevada, Utah, Colorado, Vermont, and Pennsylvania without a license.

And if you’re interested in franchising with them, you can fill out a form, and they’ll contact you.

Initial Investment Fee: $55,000 to $75,000

Final Thoughts

Property management requires you to engage with brokers, agents, property owners, and potential homeowners. But it’s worth considering because of the high fees involved in this industry. It can be difficult to start a new business, especially if there are property management franchises available. The options above can help you achieve your goal of becoming a property manager in no time. For other franchise opportunities, read more here at Franchise How!