Owning properties as an investment is common for regular people. Whether it’s a house that has been bought for long-term value or an apartment that will be turned into a BnB, owning a property can be one of the most reliable and secure financial investments even in current times. While owning properties can have a good return on investment, managing them can be a hassle. From advertising vacancies and spending on maintenance to screening tenants and collecting monthly rents, it takes a lot to manage a property. This is where the role of a property management company or a property management franchise comes in. These property management franchises are responsible for managing individual rentals as well as managing entire office blocks in big metropolitan cities. This industry comes in a range of different niches and provides secure work for investors along with generating employment. If starting a property management company is on your books, you might 12 check iTrip for property management franchise opportunity.
When you buy into a successful and reputable property management franchise, you become a part of a larger and seamless enterprise, unlike starting your own business with a host of risks. From marketing and technology to management and other resources, the already existing property management franchise can get you up and running fast. According to statistics, there are more than 12 million landlords across the US, and a good property management franchise can tap into managing these rentals. A good Property Management franchise will always ensure satisfactory building upkeep, standard tenant occupancies, sound reputation, and proper profitability. The owners of these rentals will also be updated with the key performance metrics of their properties. In this article, we have reviewed the best property management franchises of 2022 on the basis of their reporting capabilities, communication, cost structure, and services. Read on to find your fit.
2022 Update Of The Best Property Management Franchises:
- Greystar: Greystar ranks number 1 among the Top 50 US Apartment Managers for 2021, according to the National Multifamily Housing Council. This property management franchise has 66 offices covering 224 worldwide locations and more than 768,000 units and beds under management. They offer comprehensive property management services for single-family homes, apartments, furnished corporate housing, and mixed-use buildings with retail space. Their creative business approach combines a global platform with the crucial local market expertise for the success of each community. Each community is staffed with the finest real estate specialists; each team member is particularly taught to think like an owner and to take delight in resident satisfaction. Prospective tenants may quickly find the ideal rental via the Greystar website, which provides up-to-date real estate listings and thorough information on Greystar-managed homes, such as 3D floor plans, highlighted facilities, and community features, among other things.
- iTrip Vacations: Steve Presley is iTrip Vacations’ founder who has over 30 years of experience purchasing, selling, managing, and constructing real estate. The business was founded in 2008 and jointly with other workers, he has participated in the marketing, purchase, and sale of around 3,000 homes over the previous 12 years. Steve has had condos with beachside rental programs for over 15 years. iTrip Vacations is a short-term rental property franchise with more than 12 years of industry expertise, more than 80 franchises, and over 100 locations. iTrip Vacations continues to expand in the United States, Canada, and beyond. In simple words, the company iTrip Vacations is a technological pioneer in its business. Their patented software, system integrations, and the iTrip travel business franchise app assist franchisees in listing management, allowing listings to rank higher in search results and convert more effectively. They produce more conversions from inquiries than their competition, and hence they are the fastest at getting a listing online on Vrbo.
- Real Property Management: Real Property Management discovered early on that unoccupied rental properties provide the greatest challenge for property administration,== since maintenance and management must continue even in the absence of rental revenue. Its business concept is focused on extensive marketing and advertising to fill vacancies on behalf of property owners. Founded in 1986 by Kirk McGary and two friends and franchised since 2004, the number of sites has increased from 223 in 2012 to 346 at present. The company takes pride in communication, rent collecting, routine inspections, tenant screening, full-service leasing, dependable maintenance, as-needed evictions, etc. Single-family houses, apartment complexes, Home Owner Associations (HOAs), holiday rentals, and commercial properties are among the property types managed by the company.
- BH Management Services: BH Management Services is the best option for managing your residential properties since it manages a wide variety of residential properties throughout the United States and offers resident-attracting initiatives such as Smart Home Technology and Green Conservation. The industry-renowned financial and environmental sustainability plans of BH Management Services propel it to the top of our list of residential property management businesses. BH Management Services provides architectural and design, construction, equity management, and management services. Within BH Management Services, the firm offers its owners accounting, operations, marketing, information technology, business intelligence, and reporting services. The organization recruits and educates local property management personnel.
