Texas Company Acquires Salt Lake City’s Real Property Management

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The Editors's picture
Texas Company Acquires Salt Lake City’s Real Property Management

 A Waco, Texas based franchise of trade service brands, Dwyer Group, has completed the add-on acquisition of Salt Lake City’s Real Property Management, the largest property management franchise in North America, according to a release.

Real Property Management specializes in franchising a system to franchisees who manage single-family homes, townhomes, condos, multiplexes and small apartment buildings without onsite management. Its services include finding and screening tenants, completing the lease agreements, collecting rent, and arranging for any necessary repairs. Real Property Management offices also manage the legal compliance for local, state and federal real estate law.

"For over 30 years, thousands of rental property owners and investors nationwide have trusted Real Property Management offices to take care of their rental property," Lukas Krause, CEO of Real Property Management at the time of the acquisition, said in the release.

 "I am confident that under the guidance and leadership of Dwyer Group, this organization will continue to grow and provide a great franchise opportunity for prospective and current entrepreneurs." Krause will continue to oversee the franchise network in the role of brand president within the Dwyer Group organization.

Real Property Management founded in 2005

Real Property Management was founded as a franchise in 2005 by co-founders Kirk McGary and Doug Oler and has grown to become the leading property management franchise in North America, with more than 300 offices in 46 states and Canada that manage assets worth more than $13 billion. McGary started the property management business in 1986 and over the next fifteen years grew and became increasingly successful.then partnered with another entrepreneur, Oler, who had extensive business experience running multi-unit companies. Together, they decided to share McGary’s property management success with others and, in 2005, launched their first Real Property Management franchised office.

The deal marks the 11th acquisition for Dwyer Group over the last 42 months which now accounts for more than $1.7 billion in system-wide sales. Dwyer Group now has 20 consumer brands - including brands like Mr. Rooter, Mr. Handyman, Glass Doctor, Mr. Appliance, Molly Maid, Five Star Painting and more - 18 of them franchised, with more than 3,100 franchisees and eight corporate support centers throughout North America, U.K. and Germany.

"Real Property Management is a great fit for Dwyer Group's growing family of franchise service brands as it shares our mission to help homeowners protect and maintain their most valuable investment," said Mike Bidwell, CEO of Dwyer Group, said in the release. "We look forward to growing that presence, tapping into the services of our existing service brands across North America and providing the best professional solution for property management."

For more information about Dwyer Group's service brands visit www.dwyergroup.com.

About Dwyer Group®:

Founded in 1981 and based in Waco, Texas, Dwyer Group is a holding company of 20 service-based brands, 18 of which support franchise organizations under the umbrella brand Neighborly in the United States and Neighbourly in Canada. Neighborly™ is a community of experts who repair, maintain and enhance properties united under one platform to better meet the needs of today's consumer. Collectively, these concepts offer customers a broad base of residential and commercial services. Dwyer Group is a portfolio company of The Riverside Company®, a global private equity firm. The firm's international portfolio includes more than 75 companies. More information about Neighborly/Neighbourly, and its franchise concepts, is available at www.getneighborly.com and www.getneighbourly.ca, respectively. Learn more about Dwyer Group at www.dwyergroup.com.

About Real Property Management:

Real Property Management is a franchise organization owned by Property Management Business Solutions, LLC, a privately held corporation based in Salt Lake City, Utah. With over 30 years of industry expertise, Real Property Management offices provide full-service residential property management for thousands of investors and rental home owners from more than 300 independently owned and operated franchise locations throughout the United States and Canada. For more information about Real Property Management or property management services, please visit the following link: www.realpropertymgt.com. For information on franchising opportunities, please visit www.propertymanagementfranchise.com.


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