The Property Management Franchise Cost With iTrip
Starting any business, whether on your own or with the support of a franchisor, requires an investment of time, effort, and money. An iTrip short-term rental franchise is no different. Our respected brand name, cutting-edge software, and deep knowledge of the property management industry are just some of the advantages your investment gets you.
Take a look at a few key elements of the property management franchise cost, as well as the overall initial investment you can expect to pay when you invest with us.
EARN YOUR LIVING WHILE WORKING ON YOUR VACATION RENTAL FRANCHISE
The Property Management Franchise Cost is a Worthwhile Investment
What Does My Property Management Company Investment Get Me?
Your initial investment pays for a variety of helpful materials including thorough training and support, updated industry-leading software, and ongoing marketing for the properties you manage.
Your Initial Property Management Company Investment
Your short-term rental property management franchise cost will range from an initial investment of $55,000 to $75,000, payable when you sign the franchise agreement.
The initial investment includes a one-time franchise fee, which grants you the immediate use of our brand name and our copyrighted materials, and a fee that covers the cost of your comprehensive training, the establishment of your exclusive territory, and our proprietary software and technology.
Royalty and Licensing Fee
As with other franchisors, iTrip Vacations requires franchisees to pay a royalty fee based on revenue, which in part covers the expense of ongoing corporate efforts on the franchisees’ behalf. Our royalty fee is a maximum of 5%. Additionally, there is a monthly franchisee fee for SaaS and for digital marketing that we conduct on the behalf of our franchisees and brand. Reach out to us to learn more.
We’re committed to your success as an iTrip franchisee. Our marketing support includes:
We’ll help you create a plan to launch your territory and work with you to establish a campaign to reach out to secondary property owners, all done to attract properties to manage through referral sources and property owners.
We want to make sure you know all about the iTrip Vacations available territories. The best way to do so is participate in our discovery process where we will provide industry insight, share the iTrip Vacations business model, and discuss the role of being our franchisee.
