A Day in the Life of a Property Management Franchisee

A Day in the Life of a Property Management Franchisee

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 up coming 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 :)

 

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