AppFolioAppFolio
Mandatoryn, constitutes AppFolio Confidential Information. If you are required by law to make any disclosure that is prohibited or otherwise constrained by this Agreement, you will provide AppFolio with prompt
From the filings
+0.671% units YoYHQ-led decisions
Real Property Management
Real estateReal Property Management requires franchisees to buy AppFolio directly from the vendor, and licenses its Task Management and Lead Management platform and broader Software System through its affiliate ZorWare, across all 450 of its franchised locations. Item 19 includes a financial performance representation for the system. That centralized licensing structure, paired with a 0.7% year-over-year rise in franchised outlets, makes RPM's Waco, Texas headquarters the address for a vendor pitch.
For software vendors selling into US franchise brands.
Live signals
Total units
450
450 franchised
Unit growth YoY
+0.671%
vs prior filing
AUV
—
Item 19, 2026
Royalty
—
of gross sales
Ad fund
2%
national + local
Initial fee
—
per unit
Investment range
—
all-in, Item 7
Procurement
Approved supplier
from the filing
Item 19
Claims
from the filing
Ongoing fee load
What the operator pays every month
The recurring percentage of gross sales named in this filing. It is a floor, not a total — the filing discloses one of the two headline fees.
2%+of gross sales (FY2026)
15% reference
Mandated & recommended tech
The systems vendors compete with
1 of these are mandated in the franchise agreement. Each is named in Item 11 of the filing, the incumbents a challenger must displace or integrate with.
FacebookMeta
inkedIn company pages; Fresh Content Service providing the option of one existing page optimization or new page creation once per month; one infographic published to Participant’s Facebook and LinkedI
Google Business ProfileGoogle
per month; and other search engine optimization (SEO) support. RPM reserves the right to choose not to post an article on a blog, Facebook company page, LinkedIn company page, or Google My Business po
LeadSimpleLeadSimple
ement and Lead Management Software Fees: TYPE OF SALE Enrollment Monthly Fees Task Management and Fee Lead Management Software New Sale or Resale N/A Our then-current monthly fee. LeadSimple Currently
LinkedInLinkedIn
ny pages; Fresh Content Service providing the option of one existing page optimization or new page creation once per month; one infographic published to Participant’s Facebook and LinkedIn company pag
ParadoxParadox
te of this Disclosure Document we don’t anticipate an increase of more than 30% annually in addition to any price increases from the vendor, Paradox, Inc. You may opt out of using Paradox at any time.
WorldpayWorldpay
uch provision will be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this CEA. 2. Worldpay, LLC Card P
Franchisor behaviours
What the franchisor requires
23 requirements the franchisor states in this filing, each in its own words; 4 explicit no's; 7 questions the text does not settle, which is not a no.
Accounting
Must the franchisee use an accounting or bookkeeping system designated or approved by the franchisor?
YesItem 8
We require that you use our established chart of accounts, comply with our operating procedures and specifications, including internal audit standards, and use our required software and that your accounting must also be compatible with our required software.
Does the franchisor have direct or independent electronic access to the franchisee's financial, sales or customer records?
YesItem 7
We have the right to independently access all information you collect or compile at any time without first notifying you.
Must the franchisee submit periodic financial statements (monthly, quarterly or annual) to the franchisor?
YesFranchise agreement
In addition, within 15 days after the end of each month, you must submit to us the following information for the preceding month: (i) copies of your most recent balance sheet and statement of profit and loss, including a summary of your costs for labor, rent and other material cost items; and (ii) if requested by us…
How the franchisor buys
Is there a franchisee advisory council, association or committee?
YesItem 20
We have established a Franchise Advisory Council (FAC) consisting of 12 franchisee representatives.
Does the franchisor reserve the right to change designated suppliers or systems at any time?
YesItem 8
We reserve the right to designate a primary or single source of supply for certain products and supplies, and we or our affiliates may be that single source.
Does the franchisor or an affiliate receive rebates, commissions or other revenue from designated or approved suppliers?
YesItem 8
We may derive revenue as a result of your required purchases.
Item 8 gives this proportion in one of two shapes: separate percentages for establishing the business and for operating it, or one figure covering "establishing and operating" together. Where they are separate, answer with the operating percentage; where the passage gives only the combined figure, answer with that. What percentage of the franchisee's purchases must come from designated or approved suppliers?
20Item 8
Your purchases from us and from other approved suppliers represent approximately 80% of your total purchases in connection with the establishment of the Business and approximately 20% of your overall purchases in operating the Business.
Does the franchisor charge a fee to evaluate a proposed supplier?
YesItem 8
You must pay upon demand our (or the third party’s) actual costs of the testing and any related costs/expenses (regardless of whether we grant an approval).
Can a franchisee propose a new supplier for the franchisor's approval?
YesItem 8
You may purchase from other suppliers if you follow our supplier approval procedures, as described in the Operating Manual, and obtain our prior written approval.
Communications
Does the franchisor own or control the business telephone numbers, or take them over when the agreement ends?
YesItem 8
The telephone numbers and electronic identities you use in connection with the Business must be owned and controlled by us or an approved supplier.
Data and IT
Must the franchisee comply with PCI, data-security or cybersecurity standards set by the franchisor?
YesItem 4
If and to the extent you get access to Cardholder Data, you shall at all times be compliant with PCI DSS and Applicable Law and shall certify such compliance in accordance with the Card Brand Rules or when asked by AppFolio to do so.
Franchise management
Does the franchisor conduct periodic inspections, audits or evaluations of the franchised business?
YesFranchise agreement
We or our authorized representative have the right, at all times (i) during the business day to enter the premises where the books and records of the Business are kept and to evaluate, copy and audit such books and records
Can the franchisor change the operations manual and brand standards unilaterally?
YesItem 7
We may, from time to time, revise the contents of the Operating Manual and you must comply with each new or changed standard.
Must the franchisor approve the franchisee's site or location before opening?
YesFranchise agreement
You must have selected a Franchise Location meeting our approval no later than 30 days after the Effective Date.
Marketing
Is the franchisee prohibited from operating its own website or social media accounts, or required to use pages the franchisor provides?
YesFranchise agreement
You may not separately register any domain name containing any of the Marks or operate a website or social media account for your Business.
Is the franchisee required to spend a minimum amount on local advertising or marketing, as a percentage of sales or a fixed amount?
YesFranchise agreement
In addition to the payment of the MAP Fee, you must spend the minimum amounts set forth in the Data Sheet on approved local marketing and promotion in the Territory each month (the “Local Marketing Spend”).
Must the franchisee participate in a regional advertising cooperative when one exists?
YesFranchise agreement
We have the right to designate local advertising markets and advertising cooperatives and/or local marketing groups for such markets (collectively, each such cooperative or group, an “LMG”), and if designated, you must participate in and contribute to the LMG and its programs in your designated local advertising…
Payments
Are royalties and other fees collected by automatic bank debit (ACH or electronic funds transfer) from the franchisee's account?
YesFranchise agreement
You must sign an electronic ACH Form, attached as Schedule B, to authorize and direct your bank or financial institution to allow us or our affiliate to initiate a transfer of funds electronically directly to our or our affiliate’s account and to charge to your account all amounts due
People
Does the franchisor require minimum staffing levels or specific roles?
YesItem 7
Your Business must at all times be under the day -to -day supervision of a designated manager who has satisfactorily completed the training program.
Point of sale
Does the franchisor have independent access to the data in the franchisee's POS or computer system?
YesItem 7
We have the right to independently access all information you collect or compile at any time without first notifying you.
Sales and CRM
Must the franchisee use a CRM system designated or approved by the franchisor?
YesItem 11
Presently, you must purchase (directly from the third-party vendor) and use the approved Property Management Software (currently AppFolio) that is specifically for Real Property Management, and you must enter into an agreement directly with the third-party vendor (the current version of which is included as Exhibit L).
Training
Can the franchisor charge the franchisee for additional, refresher or remedial training?
YesItem 11
We may charge you a fee to attend (and for your employees to attend) regional meetings or conventions/conferences that we deem necessary.
Is attendance at an annual convention or conference mandatory for the franchisee?
YesFranchise agreement
You must attend, at your expense, any annual franchise convention we may hold or sponsor and any meetings relating to new services or products, new operational procedures or programs, training, business management, sales or sales promotion, or similar topics, including any system-wide teleconferences or…
The filing answers no to 4 questions
- Is the franchisor or an affiliate itself a supplier of required products, services or systems?Item 8
- Must the franchisee participate in a customer-satisfaction or net-promoter survey program?Franchise agreement
- Is a minimum grand opening advertising spend required?Item 11
- Must the franchisee participate in a customer loyalty or rewards program?Item 16
The vendor opportunity at Real Property Management
Real Property Management operates 450 units, all franchised, in the real estate and property-management segment, headquartered in Waco, Texas. Item 19 includes a financial performance representation for the system, and franchised outlets grew 0.7% year over year — a mature, steadily expanding network worth mapping for software fit.
Who controls software purchasing
Item 11 centers technology purchasing at headquarters. Franchisees must purchase and use AppFolio as the approved Property Management Software, contracting directly with the vendor under an agreement RPM designates (Exhibit L). They must also license the Task Management and Lead Management Software and pay RPM's designee — its affiliate ZorWare — a license fee that may be passed through to the vendor. The Software System (the Review and Reputation Management Platform, RPM-Intranet, RPM online learning courses, the Royalty Submission Tool, and Microsoft Office 365 email accounts) is licensed from RPM's designated vendor, again through a ZorWare fee. That routes real buying authority through HQ and its affiliate rather than the field.
Tech named in the FDD, and what is actually required
AppFolio is mandated as the Property Management Software, and Item 11 lists Podium, Mailgun and Github within the required Software System. Facebook, LeadSimple, and LinkedIn are in use under the filing's Item 6 clauses; Google is named in Item 12 as a search engine optimization vendor. Paradox and Worldpay are named in the filing without a stated mandate. The BackOffice Bookkeeping Assistance Program's only approved supplier is RPM's affiliate BackOffice.
Procurement, renewals, and timing
Item 8 describes an approved-supplier list model. Beyond BackOffice's Bookkeeping, HelpDesk Plus, and Quarterly Bank Review programs, the Software System, the Digital Marketing Program (required for a franchisee's first 24 months), and the Task Management and Lead Management Software — together the "Required Programs" — RPM says neither it nor its affiliates are currently approved suppliers for other products or services, though it reserves the right to become one. Franchisees may propose alternative suppliers for approval. Item 17 sets Real Property Management's renewal, transfer and termination terms; with franchised outlets up 0.7% year over year across 420 mapped operators concentrated in Texas (51), Florida (50), and California (46), the system is growing gradually rather than clustering around a single contract-renewal wave.
How to read the Real Property Management FDD
The embedded PDF viewer below is Real Property Management's 2026 Franchise Disclosure Document. Items 6, 8, and 11 carry the exact language governing software, suppliers, and the ZorWare fee structure.
Talk to FranCloud for a ranked list of property-management franchise systems worth pitching.
Questions vendors ask
Real Property Management, answered from the filing
Headquarters controls software procurement: franchisees buy AppFolio directly from the vendor under an agreement RPM designates, and license the Task Management and Lead Management Software and the broader Software System, paying RPM's affiliate ZorWare a license fee for each.
AppFolio is mandated as the approved Property Management Software under Items 8 and 11, and the required Software System includes Podium, Mailgun, Github and Microsoft Office365 email. Facebook, LeadSimple, and LinkedIn are in use per the filing; Google is named in Item 12. Paradox and Worldpay are also named in the filing.
450 locations, all franchised, in the real estate and property-management segment.
Item 8 runs an approved-supplier list: the Software System and the Digital Marketing Program (required for a franchisee's first 24 months) must come from RPM or its affiliates; franchisees may propose alternate suppliers for approval.
Item 17 of the FDD governs renewal, transfer, and termination timing; franchised outlets rose 0.7% year over year, pointing to steady expansion rather than a single renewal wave.
The embedded PDF viewer below is Real Property Management's 2026 Franchise Disclosure Document.
Source
Read the filing itself
Every number on this page traces back to this document. Read it in full, page by page. Buy the original PDF to download, search, and annotate it.
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FDD alert
Tell me when this brand refiles.
We’ll email you the moment Real Property Management files a new annual FDD, usually the freshest signal of a vendor change.
Operator footprint
Who runs the locations
420 operators run 420 mapped locations. 0 of them are multi-unit. Aggregate counts from the filing; no names.
Operators by units owned
Single-unit420
Top states by locations
| TX | 51 |
|---|---|
| FL | 50 |
| CA | 46 |
| GA | 18 |
| NC | 17 |
Related Real estate brands
Primary franchise filings · updated September 2026. Every figure is source-traceable and QA-checked.