Salt Lake City and Waco, Texas—Dwyer Franchising, LLC, one of the world’s largest parent companies of trade service brands, has completed the add-on acquisition of Property Management Business Solutions, LLC, d/b/a Real Property Management, the largest property management franchise in North America based in Salt Lake City, Utah. 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, 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. “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.”
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.
The company was founded 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.
“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,” said Lukas Krause, CEO of Real Property Management at the time of the acquisition. “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.