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Real Property Management franchise financing options
Compare costs, fees and where to get financing for a Real Property Management.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Real Property Management franchise may result in higher or lower fees.
Franchise feesReal Property Management franchise fees total around $55,000, which is more than the $37,000 average for the 200 largest franchises.
|Franchise fee||$55,000 to $55,000|
|Estimated total||$55,000 to $55,000|
Equipment feesEquipment fees total $22,100 for Real Property Management. This is less than the $180,023 average for the top 200 franchises.
|Vehicle||$3,000 to $30,000|
|Equipment and supplies||$2,500 to $5,000|
|Signage||$200 to $1,000|
|Furniture, fixtures and equipment||$500 to $2,000|
|Estimated total||$6,200 to $38,000|
Real estate feesReal estate will set you back $2,750 for Real Property Management, thought it's less than the average of $788,376 for the top 200 franchises.
|Real estate and rent||$500 to $5,000|
|Estimated total||$500 to $5,000|
Training feesReal Property Management initial training costs total $1,500, which comes in under the nationwide average of $9,788.
|Training, travel, lodging and food||$1,000 to $2,000|
|Estimated total||$1,000 to $2,000|
Marketing costsAdvertisement and marketing costs total up to $5,000 for Real Property Management, beating out the nationwide average of $9,938.
|Three months' of marketing||$5,000 to $5,000|
|Estimated total||$5,000 to $5,000|
Licenses and permits costsReal Property Management initial licenses and permits will set you back $750. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Licenses, permits and subscriptions||$500 to $1,000|
|License fee||The greater of (i) 7% of Gross Sales plus 3% of Maintenance Revenues and (ii) $250, except for roll-in sales.|
|Estimated total||$500 to $1,000|
Insurance costsInitial insurance costs for Real Property Management run $3,750. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$2,000 to $5,500|
|Estimated total||$2,000 to $5,500|
Administrative feesReal Property Management administrative fees total up to $4,099 — which comes in under the overall nationwide average of $6,761.
|One-time setup fee and three months' subscription fee for property management software||$1,024 to $1,024|
|Three months' software system fee||$384 to $384|
|Three months' task management software, per user||$66 to $66|
|Legal and accounting||$250 to $5,000|
|Audit||Cost of audit plus expenses, plus any amount owed as shown by the audit, plus interest and late fees.|
|Estimated total||$1,724 to $6,474|
Other expensesMiscellaneous expenses for Real Property Management total $35,000 — less than the nationwide average of $69,970.
|Three months' additional funds||$30,000 to $40,000|
|Estimated total||$30,000 to $40,000|
How to financeSince the estimated total for Real Property Management is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Real Property Management franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Real Property Management about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $129,949 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a Real Property Management — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Real Property Management opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $101,924. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Real Property Management stacks upCompare how Real Property Management holds up against two similarly sized franchises.
|American Poolplayers Association||Real Property Management||Fit4Mom|
|Average Franchise fees||NA||$55,000||$9,445|
|Average Equipment fees||$3,690||$22,100||$1,425|
|Average Real estate fees||NA||$2,750||NA|
|Average Training fees||$3,147||$1,500||$1,000|
|Average Inventory fees||NA||NA||$500|
|Average Marketing fees||NA||$5,000||$250|
|Average Licenses and permits fees||NA||$750||$1,975|
|Average Insurance fees||$479||$3,750||$430|
|Average Admin fees||$2,060||$4,099||NA|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||NA||$35,000||$1,620|
Bottom lineReal Property Management franchise costs run a total of $129,949. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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