Franchising is a great option for those looking to start their own property management business. Going the franchise route provides security of the training and proven systems of the franchisor to rely on. It makes sense that franchises have a higher success rate than starting a business from scratch, but starting a franchise business still has its risks.
A proven system. When buying a franchise you get access to a proven system and business model. Most Franchises boast decades of experience and success in the industry.
Training and support. Many people realize that starting a new business is no small endeavor. A good franchise provides you with superior training and ongoing support, giving even the most experienced business owners a greater chance for success.
Name recognition. When you buy a property management franchise you tap into an already established brand. People are more apt to trust a brand that is established, recognizable, and has a good track record.
Networking. On top of being able to get support from the franchisor, you get access to an entire network of franchisees just like you to learn from and grow with.