Wallace Property Management Group (WPMG), a professional property management company that provides a full-service property management system specializing in the management of middle-and high-end properties for property owners, announced a groundbreaking new program to award franchises across the Southeast, beginning with an initial launch in South Carolina, Georgia, Florida, Alabama, Tennessee and Kentucky and rolling out a national franchise growth strategy in the months ahead.
“At Wallace Property Management Group, we take tremendous pride in what we’ve achieved over the years. Because we treat and care for our property owner’s homes just like they were our own, our business continues to expand year after year,” said Scott Wallace, founder and CEO of WPMG. “Now, the time is right for an era of unprecedented new growth for our management company. Plans are in place to have at least 85 franchises operating within the next five years with the right franchise partners.”
In 2006, Wallace founded affiliate company Scott Properties of the Midlands, and in 2013 he launched the franchise company Wallace Property Management Group. Both are built on the idea of relieving property owners from the stress that comes with managing a single property or multiple properties. From that foundation, the company’s influence has grown beyond the traditional property management system. WPMG’s No. 1 priority is the support it provides franchise owners, which allows the company to provide the highest level of service possible to property owning clients and their tenants. Unlike other property management systems, WPMG assists franchise owners with marketing and advertising of available rental properties, application processing, maintenance requests, rent payments, rent collections, property owner reports, tax forms and more
WPMG’s business model provides entrepreneurial franchisees the tools and support to establish and grow a property management business. Individuals or companies securing a WPMG franchise will receive start-up and ongoing training and assistance to help maintain the WPMG standards, image and brand. Franchisees will receive ongoing direction and help from an on-call franchise support center along with confidential operations manual and close contact from the franchisor. The franchise program was developed with the help of the Chicago-based iFranchise Group and Jack Santaniello with Shumaker, Loop & Kendrick, LLP.
“The Wallace Property Management Group concept is ready to launch nationally right away,” Wallace added, “But WPMG’s main goal is to ensure the success of each and every franchisee, so we are taking a more conservative approach to expansion. We will never sacrifice quality of service in exchange for growth.”
Wallace Property Management Group
Based on the company’s experience and extensive analysis of the marketplace, WPMG is poised for rapid franchise expansion. According to Business Insider, more than one-third of all housing in the United States is currently occupied by renters, and around three to five million people are returning to the rental market due to housing challenges. Property managers are finding it easier to locate prospective residents due to a healthier rental market, which continues to spur a rise in rental prices and a decrease in vacancy rates.
“Fortunately, our business model does not rise or fall with the housing market,” Wallace said. “In a down or stagnant real estate market, many homeowners elect to rent out their homes because they can’t sell for a strong enough profit. And in a thriving market, investors buy homes that require a high level of property management. With our business focus and attention on the individual property owner, we believe our concept has a proven ability to work in a variety of settings and markets.”
WPMG simplifies the complex world of residential property management for franchise owners, property owners and tenants. Knowledgeable staff at the franchise support center allows property owners to focus solely on maximizing business growth and entrusting non-revenue producing administrative tasks to a team of experts. The franchise investment provides a relatively low-cost solution to property managers looking for proven support and to other professionals looking for a proven model to rev up their real estate performance.
“We believe we have the right products, services, and philosophy to sustain our expansion goals,” Wallace said. “As we expand through the addition of more franchises, we expect that our market position will only become stronger.”
ABOUT WALLACE PROPERTY MANGEMENT GROUP
Wallace Property Management Group (www.wallacepmgfranchise.com), a member of the National Association of Residential Property Managers (NARPM) and the International Franchise Association (IFA), simplifies the complex world of property management for franchise owners throughout the country. Wallace Property Management Group provides a proprietary property management system specializing in the management of middle- to high-end properties. With a commitment to professional excellence and a track record of exceeding expectations, the Wallace Property Management system is designed to enable franchise owners to make property owners, tenants and maximizing business and revenue growth their top priority. Franchise opportunities are available with Wallace Property Management Group.