Table of Contents
- The Real Property Management Brand
- The Ownership of Real Property Management
- The Role of John Mayberry in Real Property Management
- Services Offered by Real Property Management
- The Growth and Expansion of Real Property Management
- Real Property Management in the Community
- The Impact of Ownership on Real Property Management
- Future Outlook for Real Property Management
- Frequently Asked Questions[+]
- Who usually owns independent real property management companies?
- Do real estate investors own property management companies?
- Can a real property management company be a franchise operation?
- Who benefits from owning a real property management company?
- How is the real property management industry evolving?
Ever wondered, ‘Who owns real property management’ companies? You’re not alone! In fact, according to a 2021 survey by the National Association of Residential Property Managers, more than half of respondents reported these businesses often being independently owned and operated by franchisees. This paints an interesting picture of the real property management playing field- one teeming with ambitious, independent businesspersons. The question remains, who owns real property management and is navigating this billion-dollar industry to their advantage?
The Real Property Management Brand
When it comes to property management, one name that often comes to mind is Real Property Management. This company has carved a niche for itself in the industry, providing comprehensive and professional property management services to property owners across the nation.
From handling tenant issues to maintenance and rent collection, Real Property Management has made a name for itself as a reliable partner for property owners. You can learn more about their services and their commitment to excellence on their official website.
The Ownership of Real Property Management
Now, let’s address the question at hand: who owns Real Property Management? The answer is Neighborly, a service-based franchise company. In 2018, Neighborly expanded its portfolio by acquiring Real Property Management, adding a robust property management solution to its suite of home service brands.
This acquisition has allowed Real Property Management to leverage Neighborly’s extensive network and resources, further enhancing its services and reach. More details about this acquisition can be found in this press release.
The Role of John Mayberry in Real Property Management
A key figure in the success of Real Property Management is John Mayberry. As the Director of Franchise Development, Mayberry has played a pivotal role in the company’s growth and expansion.
With his extensive experience in franchise development and his commitment to fostering strong relationships with franchisees, Mayberry has helped Real Property Management to establish a strong presence in the property management industry. You can learn more about John Mayberry’s role and his professional background on his LinkedIn profile.
Services Offered by Real Property Management
Real Property Management is not just a name in the industry; it’s a brand that stands for quality and comprehensive services. They offer a wide range of services that cater to the needs of property owners. Here’s what they bring to the table:
|Handling tenant inquiries, addressing issues, and ensuring tenant satisfaction.
|Overseeing property maintenance, repairs, and regular inspections.
|Collecting rent payments from tenants and managing delinquent payments.
|Providing detailed financial reports, including income statements and balance sheets.
|Lease Agreement Management
|Drafting and managing lease agreements, including renewals and terminations.
|Property Marketing and Advertising
|Promoting vacant properties, conducting tenant screenings, and managing leasing processes.
|Eviction and Legal Services
|Assisting with evictions, legal compliance, and resolving disputes.
- An overview of their services, which range from tenant relations to financial reporting. This wide array of services is what sets them apart in the market.
- A discussion on how these services provide a unique selling proposition for the company. They are not just property managers; they are partners who work towards maximizing the return on your investment What to Look for in a Property Management Company.
The Growth and Expansion of Real Property Management
Every successful company has a story of growth and expansion, and Real Property Management is no different. In this section, we will delve into:
- The company’s journey from its humble beginnings to becoming a renowned name in the property management industry.
- The strategies and decisions that fueled their growth and expansion over the years.
Real Property Management in the Community
A company’s reputation is not just about its services or growth; it’s also about how it interacts with and contributes to the community. In this section, we will explore:
- The role of Real Property Management in the community, including its contributions and initiatives.
- The company’s reputation among its clients and the general public.
The Impact of Ownership on Real Property Management
The ownership of Real Property Management has played a significant role in shaping the company’s operations and strategies. Co-founded by entrepreneurs Kirk McGary and Doug Oler, the leadership provided by these two visionaries has been instrumental in the growth and success of the company. Their management team, composed of talented leaders in their respective fields, has also contributed to the company’s development.
Real Property Management started as a single property management business over 35 years ago and has since grown into the largest residential property management franchise organization in North America. Today, it manages tens of thousands of properties for individuals, investors, and institutions across the country. The company’s growth is a testament to the effective leadership and strategic vision of its owners.
Future Outlook for Real Property Management
Looking ahead, Real Property Management is poised for continued growth and success. The company’s proven and trusted brand, coupled with its commitment to providing professional property management services, positions it well for future opportunities. It has received numerous awards and recognitions, including being named to the prestigious INC 500 list of fastest-growing companies for four consecutive years.
|INC 500 List (2017, 2018, 2019, 2020)
|Recognized as one of the fastest-growing companies in the United States.
|Franchise 500 (2019, 2020)
|Listed among the top franchise opportunities by Entrepreneur magazine.
|Forbes Best Franchises to Buy (2018)
|Recognized as a top franchise opportunity by Forbes.
|Property Management Industry Excellence Award (2021)
|Acknowledged for excellence in property management industry.
|Better Business Bureau Torch Award for Ethics (2019)
|Received recognition for ethical business practices.
Moreover, the company’s commitment to serving its clients is evident in the positive reviews it receives from homeowners and tenants. This customer-centric approach will continue to be a driving force in the company’s future plans and outlook.
As Real Property Management continues to evolve and adapt to the changing landscape of the property management industry, it remains committed to its mission of providing professional property management services for the benefit of its clients.
Frequently Asked Questions
Who usually owns independent real property management companies?
Independent real property management companies are often owned by individual entrepreneurs, although some might be partnerships or corporate entities.
Do real estate investors own property management companies?
Yes, real estate investors often own property management companies as it offers a more streamlined way of managing their rental properties.
Can a real property management company be a franchise operation?
Yes, many real property management organizations operate as franchises, like Real Property Management which has over 300 franchise locations nationwide.
Who benefits from owning a real property management company?
Real estate investors, property owners, and entrepreneurs benefit from owning a real property management company, it offers a consistent revenue stream and allows for extensive control over properties.
How is the real property management industry evolving?
The industry is increasingly leveraging technology for key operations, thereby reducing costs, improving efficiency, and enhancing profitability for owners.
As we culminate, the question of ‘who owns real property management companies unravels into a diverse spectrum of ambitious investors and entrepreneurs. This multibillion-dollar industry owes its progression to the entrepreneurial spirit of these individuals, their innovative franchises, and the constant drive for technological integration.
Ready to dive deeper into the world of real property management? Dive in and learn more!