Property Management Startup Costs
Franchise Cost
The investment level required to participate in an All County® Property Management franchise is relatively low-cost, ranging from $85,950 to $117,900. This is based on the upfront franchise fee of $58,500 plus $27,450 to $59,400 in estimated start-up capital and operating expenses. If you already have an office, the startup expenses could be considerably reduced. Please note that E-2 Applicant costs will be higher.
Cost Breakdown
You will lease 950 to 1,200 square feet of office space to operate the business. $1,000-2,000
You'll need to furnish your office to meet with clients and prospects. This includes our required furniture: conference table, desks, chairs, etc. The estimate also includes an initial supply of yard signs and lock boxes. $1,500 - $5,000
Technology is at the heart of our business. You will need to purchase or lease 3 desktop personal computers that comply with our specifications. The estimate includes 3 months of the software license fee, and includes other required office equipment such as a printer, scanner, and related supplies. $1,500 - $4,500
We will train you in our marketing methods that have allowed our franchises to achieve the highest average revenue in the property management industry, but you will need to fund and implement the marketing program. $3,000 - $5,000
Our franchises obtain both general liability and errors & omissions insurance. $2,500 - $3,500
Professional fees may include setting up a corporation or other business entity, filing the necessary forms, setting up an accounting system, etc. $1,000 - 1,500
Your franchise must be under the direct control of a Managing Owner. This is an estimate of any required state licensing fees for the franchisee entity and the Managing Owner. Also, this estimate includes initial fees to join the National Association of Realtors. $1,500 - $2,000
This estimate includes any required deposits for utilities and leased equipment, including for a copier and the telephone system. $500 - $1,500
You must attend 2 ½ days of training at our main office in Monticello, Florida. This is our estimate of your potential travel and living expenses to attend the training course. $700 - $2,400
$0 - $1,000
$250 - $1,000
Additional funds are an estimate of the amount of cash required to cover any operating expenses during your first 3 months of operation. $15,000 - $30,000
These expenses are estimates of your initial investment in one location prior to commencing operations and for the first three months thereafter. We make no estimate regarding real estate acquisition costs. We do not require you to acquire real estate, other than your lease, to operate your All County® business.
We relied upon personal experience and our affiliate’s experience in opening a similar business to the Franchise Business in compiling these estimates. You should review these figures carefully with a business advisor before making any decision to purchase the franchise.
Royalty and National
Ad Fund Fees
Our fee structure is designed to be straightforward and advantageous for your business growth:
- Royalty Fee: 7% of your gross property management revenue, with a minimum of $200.
- National Ad Fund Contribution: 1% of your property management revenue, with a minimum of $195.For example, if you manage a rental unit with a monthly rent of $1000 and charge a 10% management fee, your monthly revenue is $100. You would pay just $7 in royalties and contribute $1 to the National Ad Fund.
Why Is This A Competitive Advantage?
Your contribution to the National Ad Fund grants you access to national and regional advertising methods that are typically out of reach for smaller property managers. This significantly boosts your ability to attract new rental property owner clients, giving you a competitive edge in the industry.
By leveraging these national advertising channels, you can grow your client base and enhance your market presence, all while maintaining affordable and scalable software costs.
Property Management and Accounting Software Fees
Our property management and accounting software offers affordability and scalability. For just $250 per month for the first user and $60/month for each additional user, you gain access to comprehensive features that are not limited by the number of doors you manage.
Additionally, our franchisees benefit from automated rental vacancy postings to 20-30 popular websites, including Zillow, Realtor.com, and Hot Pads, ensuring maximum exposure for your properties. With our software, you'll efficiently manage your properties and enjoy the perks of a scalable, cost-effective solution.
Bookkeeping Assistance Program
Our Bookkeeping Assistance Program is a flat fee of $425 per month with an unlimited number of units. The Bookkeeping Assistance Program allows our franchise owners to focus on growing their businesses rather than hassling with the accounting, which can be extremely time-consuming.
Website, Email, and Learning Center
Each franchise receives one of our standard websites at no additional charge. For ongoing website hosting, e-mail hosting, and access to our online learning center, the cost is $65 per month.
Salary and Wage Expenses
Most of our franchisees start with the franchise owner growing the business full-time and with a part-time receptionist as support. When the franchise grows to 60-100 units under management, then those units are delegated to a property manager while the franchise owner focuses on growing the business. Salary expenses are kept low and only increased as revenue builds.
READY TO TAKE
THE FIRST STEP?
"The team at All County is not only knowledgeable, but they are always accessible, responsive and they truly partner with us to ensure our success!"
Socrate and Cassandra Exantus
Franchise Owners
Franchise Application
Step By Step Guide