Comparison:
RPM Midwest vs Equityteam
A detailed comparison of leading residential property management companies in Cincinnati, Ohio
RPM Midwest vs Equityteam
RPM Midwest (Real Property Management Midwest) and EquityTeam have different philosophies and approaches to residential property management.
RPM Midwest is a franchise of Real Property Management out of Utah, with offices all over the U.S. RPM is focused on growth in multiple markets. They use a “departmental” style of management. For example, when the Owner signs on, they must interact with multiple people in multiple departments or a generic helpdesk. There is no single point of contact or “account manager”. This style of operation has many benefits for the property management company. Unfortunately for clients/customers, not having a single point of contact responsible for the account can lead to communication gaps and delays, and can make customers feel like a number.
EquityTeam’s is not part of a national franchise model, nor do we want to be. We are focused on “quality over quantity” and are very particular about the people and properties we work with. Instead of a departmental approach, we use a “hybrid/team” model of property management that involves three different managers (an owner advocate, property advocate, and tenant advocate) who are independently accountable for their unique areas of focus, and collectively as a team are responsible for the success of the portfolio/property.
To learn more about the differences, check out our side-by-side comparison below.
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Side-by-side comparison of Equityteam vs RPM Midwest
Business Summary: RPM is a larger PM focused on growing their number of doors through marketing campaigns and acquisitions. EquityTeam is focused on providing quality service and has grown organically over the years, mostly from referrals and word-of-mouth.
Customer Satisfaction Summary: A closer look at RPM’s reviews finds many 4 and 5 star ratings with little to no comments or details. EquityTeam has a consistent 4+ rating on every major review channel from real reviews.
Operations Summary: Operations are only as good as the people and processes working within those systems. Both companies use the best software in the industry. Both companies have a helpdesk system. The main difference is EquityTeam uses 3 managers per property (PM, PSM, LM) who work as a team and are responsible for knowing the portfolio/property intimately, and EquityTeam utilizes a custom built software solution as the engine for it’s operations.
Pricing & Guarantees Summary: RPM offers more services and guarantees than most property managers. However, EquityTeam’s services and guarantees are the most robust and comprehensive in the industry to both Owners and Tenants. Pricing for basic full-service management is similar depending on the program chosen. RPM prefers to bind Owners in to a year long, auto-renewing contract. EquityTeam prefers to allow the agreement to end with a 30 day notice (see details) because we believe neither side should be forced to keep a relationship if they don’t want it.
*This data was compiled by EquityTeam. We did our best to make it objective and fair. If you find a mistake or a missing feature, please report it to us and we will update this document. Our goal is to have a continuously updated comparison of the main competitors to be as accurate as possible.
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