One of the biggest questions at the front of your mind, when you’re considering purchasing a property management franchise, is probably ‘What does a typical day look like?’ In property management, it is more easily described as a recurring monthly cycle.

A SIMPLE OVERVIEW OF YOUR MONTH AS A FRANCHISEE WOULD INCLUDE:

  • Market upcoming and current vacancies
  • Inspect and make-ready current vacancies
  • Collection of rents
  • Track delinquent rents and post applicable notices
  • Coordinate maintenance issues
  • Process owner statements

Note: This is just a general overview of your month to give you an idea of what you can expect.

AS A PROPERTY MANAGEMENT FRANCHISE OWNER YOU CAN ALSO EXPECT TO:

  • Work hard for the first few years before reaping the rewards of your efforts
  • Be communicating with the Corporate office for direction and support
  • Marketing and networking to secure new investors and tenants
  • Hiring and Managing Staff
  • Review profit and loss statements
  • Attend annual conferences/meetups
  • Enjoy the benefits of having a network of other franchisees for support 🙂