Start-Up Costs and Fees |
||
| Real Property Management | Nexus Property Management | |
| Investment | 101224 - 154974 | 50350 - 106250 |
| Franchise Fee | ||
| Royalty Fee | 7% | 6% +2% |
| Advertising Fee | 1% -2% | 1% |
| Year Founded | 2004 | 2012 |
| Year Franchised | 2004 | 2017 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Real Property Management | Nexus Property Management | |
| Experience | We are looking for franchise owners who want to build an ever-growing business. Our franchisees come from all walks of life. Our best franchisees are committed to working hard for the first few years before reaping the rewards of their efforts. New franchisees must have minimum working capital of $80,000. | $100K Net Worth |
Financing Options |
||
| Real Property Management | Nexus Property Management | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Real Property Management | Nexus Property Management | |
| Training | New franchisees participate in seven weeks of online training, four days of live training, and receive 30 - 60 days of one-on-one on-boarding. Then, our team of property managers, marketing professionals, accountants, and business coaches provide on-going expert advice. In addition, an intranet accessible only to our franchisees includes a detailed operations manual and a library of over 500 forms, checklists, and job aids. During the year we hold two national conferences, monthly marketing and operations calls, weekly communications, and frequent webinars on topics of interest to franchisees. Our network of 280 fellow franchisees band together to provide additional support to each other. On-The-Job Training: As needed Classroom Training: 32 hours+ Additional Training: Online training, 7 weeks; ongoing advanced training | We include a weeks worth of training at our headquarters to teach franchisees everything they need to know in order to run a Nexus office. |
| Support | State of the art operating systems, productivity software, streamlined processes, an intranet available only to our franchisees, and monthly scorecards make our offices efficient and productive. Standardization allows us to monitor performance of each office relative to similar offices so we can provide best practices. A complete set of marketing tools are ready for you to use, including a custom website, over 50 videos, numerous presentations and sales scripts, online and print advertising, brochures, direct mail, email, broadcast advertising and client newsletters. Using Brand Central, items are customizable for each franchise. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Proprietary Software Franchisee Intranet Platform | We offer 24/7 ongoing support in regards to questions/concerns/feedback/suggestions/etc. We will also send a Nexus representative to assist the franchisee with their office grand opening. |
| Marketing | Our world-class marketing includes national public relations, publication of quarterly rental market statistics, media rates and performance data for broadcast media, research on rental property owner attitudes and perceptions, and a database of information about 14,000,000 prospective property investor clients. Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | Number of Employees Required to Run: 1 - 3 | Property Management, Leasing, Maintenance, Investment Realty |
Expansion Plans |
||
| Real Property Management | Nexus Property Management | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Real Property Management | |
| Nexus Property Management | |
| Franchise Fee | |
| Real Property Management | |
| Nexus Property Management | |
| Royalty Fee | |
| Real Property Management | 7% |
| Nexus Property Management | 6% +2% |
| Advertising Fee | |
| Real Property Management | 1% -2% |
| Nexus Property Management | 1% |
| Year Founded | |
| Real Property Management | 2004 |
| Nexus Property Management | 2012 |
| Year Franchised | |
| Real Property Management | 2004 |
| Nexus Property Management | 2017 |
| Term Of Agreement | |
| Real Property Management | |
| Nexus Property Management | |
| Renewal Fee | |
| Real Property Management | |
| Nexus Property Management | |
Business Experience Requirements |
|
| Experience | |
| Real Property Management | We are looking for franchise owners who want to build an ever-growing business. Our franchisees come from all walks of life. Our best franchisees are committed to working hard for the first few years before reaping the rewards of their efforts. New franchisees must have minimum working capital of $80,000. |
| Nexus Property Management | $100K Net Worth |
Financing Options |
|
| Franchise Fees | |
| Real Property Management | |
| Nexus Property Management | |
| Start-up Costs | |
| Real Property Management | |
| Nexus Property Management | |
| Equipment | |
| Real Property Management} | |
| Nexus Property Management | |
| Inventory | |
| Real Property Management | |
| Nexus Property Management | |
| Receivables | |
| Real Property Management | |
| Nexus Property Management | |
| Payroll | |
| Real Property Management | |
| Nexus Property Management | |
Training & Support |
|
| Training | |
| Real Property Management | New franchisees participate in seven weeks of online training, four days of live training, and receive 30 - 60 days of one-on-one on-boarding. Then, our team of property managers, marketing professionals, accountants, and business coaches provide on-going expert advice. In addition, an intranet accessible only to our franchisees includes a detailed operations manual and a library of over 500 forms, checklists, and job aids. During the year we hold two national conferences, monthly marketing and operations calls, weekly communications, and frequent webinars on topics of interest to franchisees. Our network of 280 fellow franchisees band together to provide additional support to each other. On-The-Job Training: As needed Classroom Training: 32 hours+ Additional Training: Online training, 7 weeks; ongoing advanced training |
| Nexus Property Management | We include a weeks worth of training at our headquarters to teach franchisees everything they need to know in order to run a Nexus office. |
| Support | |
| Real Property Management | State of the art operating systems, productivity software, streamlined processes, an intranet available only to our franchisees, and monthly scorecards make our offices efficient and productive. Standardization allows us to monitor performance of each office relative to similar offices so we can provide best practices. A complete set of marketing tools are ready for you to use, including a custom website, over 50 videos, numerous presentations and sales scripts, online and print advertising, brochures, direct mail, email, broadcast advertising and client newsletters. Using Brand Central, items are customizable for each franchise. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Proprietary Software Franchisee Intranet Platform |
| Nexus Property Management | We offer 24/7 ongoing support in regards to questions/concerns/feedback/suggestions/etc. We will also send a Nexus representative to assist the franchisee with their office grand opening. |
| Marketing | |
| Real Property Management | Our world-class marketing includes national public relations, publication of quarterly rental market statistics, media rates and performance data for broadcast media, research on rental property owner attitudes and perceptions, and a database of information about 14,000,000 prospective property investor clients. Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Nexus Property Management | |
| Operations | |
| Real Property Management | Number of Employees Required to Run: 1 - 3 |
| Nexus Property Management | Property Management, Leasing, Maintenance, Investment Realty |
Expansion Plans |
|
| US Expansion | |
| Real Property Management | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Nexus Property Management | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Real Property Management | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Nexus Property Management | |
| International Expansion | |
| Real Property Management | |
| Nexus Property Management | |