Real Property Management franchise
A property management business serving rental property owners and tenants. At the end of 2025 there were 450 Real Property Management locations in the US, all franchised.
- Cost to open
- $99K–$244K
- Franchise fee
- $69,900
- Royalty
- 8%–8.5%, subject to minimums
- Locations, 2025
- 450+61 in 2 yrs
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Company snapshot
- SBA loans
- On the SBA Franchise Directory
From REAL PROPERTY MANAGEMENT SPV LLC’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
How much a Real Property Management franchise costs
Opening one Real Property Management costs an estimated $99,341 to $244,302. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: REAL PROPERTY MANAGEMENT SPV LLC, 2026 filing, page 37
Real Property Management franchise fee
The franchise fee is $69,900. You pay it when you sign the franchise agreement.
Source: REAL PROPERTY MANAGEMENT SPV LLC, 2026 filing, page 25
Royalty and ongoing fees
| Royalty | The greater of the minimum license fee or 8.5% of real revenue in months 1–12, 8.25% in months 13–24 and 8% thereafter. Monthly minimums increase with tenure. |
|---|
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: REAL PROPERTY MANAGEMENT SPV LLC, 2026 filing, page 27
Sales and earnings
Shares figures Real Property Management publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: REAL PROPERTY MANAGEMENT SPV LLC, 2026 filing, page 76
Locations opened and closed
| Year | Franchised | Company-owned | Closed |
|---|---|---|---|
| 2023 | 422 (+33) | 0 | – |
| 2024 | 447 (+25) | 0 | 12 |
| 2025 | 450 (+3) | 0 | 28 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
Source: REAL PROPERTY MANAGEMENT SPV LLC, 2026 filing, page 79
How Real Property Management compares
Of the 36 real estate franchises on this site, Real Property Management is the 23rd cheapest to open and the 7th largest by number of locations.
| Measure | Real Property Management | Typical real estate |
|---|---|---|
| Cost to open, low end | $99K | $60K |
| Closed or left per year | 4.6% | 8% |
| Change in franchised locations, 2 yrs | +15.7% | +1.7% |
| Shares earnings figures | Yes | 15 of 36 |
Typical is the median across the 36 brands in real estate franchises.
