FREQUENTLY ASKED QUESTIONS ABOUT OUR PROPERTY MANAGEMENT FRANCHISE
When you compare our opportunity to others, our property management franchise cost is an affordable way to break into the industry. Your initial franchise fee of $55,000 to $75,000 gets you immediate access to our proven business model, as well as to your initial training and other resources. In total, the initial investment ranges from $110,000 to $142,700, which includes our franchise fee. Contact us today for an introductory call, so we can take a complete look at the iTrip investment together.
Starting a short-term rental property management business with iTrip Vacations is a straightforward and transparent process that begins when you request more information from one of our franchise experts. Once we hear from you, we’ll get back to you promptly to answer questions and get the ball rolling!
Business experience is a plus as the first year as a franchisee will be spent networking with property owners in your market. We seek full-time owners/operators with 15 years or more of professional business experience. In a few states, a real estate broker license is required. Having said that, we do look for candidates who are willing to work hard, follow our business model, and who demonstrate financial stability.
Plenty! Our property management franchise training and support is thorough and ongoing, starting from the moment you sign your franchise agreement and continuing for as long as you’re part of the iTrip family. We’re there for you every step of the way.
Within 24 hours of signing your franchise agreement, our V.P. of Training and Development will be on a call with you scheduling your training. Depending on certain factors, we estimate that from the time you sign your franchise agreement, starting a vacation rental business with us will take anywhere from 60 to 90 days. That timeframe may be shorter or longer depending on how quickly you complete your initial training, obtain financing, and secure the permits and licenses you’ll need to operate.
Our industry is booming, with more travelers choosing private accommodations over hotels and motels every day. With our proprietary software, cutting-edge technology, and deep relationships with some of the nation’s leading listing sites, a rental property management franchise opportunity with iTrip capitalizes on this trend better than any other franchise.
For a complete list, reach out to one of our franchise experts for all the details. Examples include our proprietary software and technology, robust industry relationships, and our training process, leading to stronger margins and greater success. Furthermore, you have efficiencies and automation that allow you to operate your business without many of the traditional expenses associated with typical property management companies.
We utilize a multifaceted approach that includes geo-targeted and organic search engine traffic, high-traffic portals, artificial intelligence, pay-per-click and other online advertising strategies, and repeat business from our vast database of returning customers.
Our property management franchisees focus on stand-alone properties: single-family homes and condos. The sizes of the properties will represent a range to meet the needs of many different rental guests. Our franchisees provide potential guests with professional photographs, videos, and descriptions that allow these properties to reach their fullest potential.
No — and this is a major advantage of our system. Many franchise opportunities require you to sign long-term leases or purchase expensive commercial property. Starting a short-term rental property management business with us means no lease and property expenses, or large capital investments in property build-outs and furnishings. Most of your work can be done from the comfort of your home!
The short answer is yes, but history has told us that our property management franchise opportunity is best leveraged when a franchisee puts all of his or her attention into a single territory first. They achieve greater success and market penetration than they would if they focused too broadly. We would never rule out multi-territory ownership, but based on our experiences, we recommend starting and succeeding in a single market first.
