Property Management – Calabasas

The property management industry is poised for growth thanks to the booming rental sector, according to Utah-based Real Property Management.

Citing Census Bureau data, the company notes the number of households that rent instead of own has jumped to 38 million and should rise to 41 million in the next two years. Furthermore, renter-occupied housing accounts for about one-third of households.

Many homeowners who were forced to relocate but unable to sell their home have become an “accidental landlord,” which also adds to the need for property management services.

Real Property Management says it has doubled in size over the past two years. Currently, the company has 230 offices across 47 states and opens an average of eight new franchises per month.

“Profound changes in the housing market have created significant demand for property management companies like ours,” said Kirk McGary, CEO of Real Property Management. “Our franchise continues to grow along with the number of renters, and it doesn’t look like that’s changing anytime soon.”

Current plans call for the addition of 60 to 80 offices in 2013, and more than 100 offices annually moving forward. Currently, the company manages assets worth more than $5 billion.

“Today’s investors have a property portfolio that spans the nation,” McGary said. “Our national footprint, focus on best practices and extensive experience allows us to appropriately provide services for such a portfolio.”

Real Property Management’s services include marketing, finding tenants, completing lease agreement, collecting rents, maintaining properties and grounds, and arrange for repairs.