Established
2008
Franchise Units
406
Minimum Investment
$102,439
Franchise Fee
$69,900
Total Investment Range
$165,975
Home Based
No
Description
Property Management Inc. (PMI) gives entrepreneurs the opportunity to build a professional property management business backed by an established national franchise system.
Founded in 2008, PMI has grown to more than 406 locations across the United States. The franchise is designed around recurring service revenue, local client relationships, technology, operational systems, training, and ongoing franchise support.
PMI franchisees can serve several areas of the real estate management industry, including residential properties, multifamily properties, homeowner associations, short-term rentals, and commercial properties. This diversified structure allows owners to begin with a focused business model and gradually expand into additional services as their operation grows.
The concept may also appeal to entrepreneurs looking for a lower-overhead franchise opportunity. Depending on local requirements and the chosen business structure, a PMI franchise can potentially operate from a home office without the expensive construction, inventory, or equipment associated with many retail and restaurant franchises.
Why Invest in a Property Management Inc. Franchise?
One of the biggest advantages of the PMI model is its ability to create recurring revenue. Property owners typically hire management companies on an ongoing basis, allowing franchisees to build a portfolio of monthly management agreements over time.
PMI also gives franchise owners access to multiple areas of the property management industry:
Residential Property Management – Managing single-family homes, condos, townhomes, and other rental properties.
Multifamily Property Management – Managing apartment buildings and larger residential properties.
Association & HOA Management – Providing professional management for homeowner and condominium associations.
Short-Term Rental Management – Managing vacation rentals and other short-term rental properties.
Commercial Property Management – Managing office, retail, industrial, and other commercial properties.
PMI also promotes more than 30 potential revenue streams across its platform. Depending on licensing and local regulations, franchisees may earn revenue through property management fees, leasing services, renewals, maintenance coordination, inspections, association management, short-term rental services, brokerage services, and other property-related solutions.
The business is also scalable. Owners may begin with a lean operation and add property managers, leasing staff, administrative employees, maintenance coordinators, and business-development personnel as the number of properties under management grows.
Background
Established: 2008
Franchising Since: 2008
Founder: Steve Hart
Headquarters: Lehi, Utah
Industry: Property Management / Real Estate Services
Total Franchise Locations: 406+
Company-Owned Units: 1
Market Availability: Franchise opportunities across the United States
Home-Based: Yes
Primary Service Areas: Residential, Multifamily, Association/HOA, Short-Term Rental, and Commercial Property Management
Property Management Inc. was created to bring stronger systems, technology, branding, training, and business support to the highly fragmented property management industry.
Since its launch, PMI has developed into one of the largest property management franchise networks in the country. The broader system manages billions of dollars in real estate assets and serves property owners, investors, residents, associations, and commercial clients across the United States.
The company's model combines the advantages of local ownership with the resources of an established national franchise organization.
Support Training
PMI provides structured training and ongoing support to help franchisees launch and grow their businesses. Previous property management experience is not necessarily required.
Pre-Startup Training
New franchise owners complete approximately six weeks of pre-startup training covering areas such as:
- Property management fundamentals
- Sales and business development
- Marketing and lead generation
- Leasing
- Maintenance coordination
- Owner and tenant communication
- Accounting
- Technology and systems
- Local networking
- Operational procedures
Corporate Training
Franchisees then complete approximately five days of corporate training, providing more detailed instruction on operating, marketing, and growing the business.
PMI LAUNCH Program
After initial training, franchisees participate in the PMI LAUNCH program, which generally lasts approximately 12 to 16 weeks and helps owners move from training into active business development.
Ongoing Support
Franchisees also receive continued support in areas such as:
- Business coaching
- Marketing
- Lead generation
- Sales development
- Pricing strategies
- Staffing
- Technology
- Operational systems
- Adding new revenue streams
- Portfolio acquisitions
Additional support may include third-party financing resources, recruiting assistance, cooperative advertising, operating procedures, marketing materials, and acquisition guidance.
Ideal Candidate
Property Management Inc. may be suitable for first-time business owners, corporate professionals, real estate professionals, property managers, sales executives, and entrepreneurs interested in building a recurring-revenue service business.
Previous property management experience is helpful but not required.
Strong candidates should be comfortable with:
- Sales and business development
- Networking
- Customer service
- Team leadership
- Relationship management
- Following established systems
- Building a local client base
Franchisees should also be prepared to meet any state or local real estate and property management licensing requirements applicable to their market.
As the business expands, owners may hire property managers, administrative employees, leasing professionals, maintenance coordinators, and business-development staff.
Financial Detail
| Financial Category | Estimated Amount |
|---|---|
| Total Initial Investment | $102,439 – $165,975 |
| Franchise Fee | $69,900 |
| Minimum Cash Requirement | $75,000 |
| Minimum Net Worth | $150,000 |
| Equipment & Supplies | $500 – $3,000 |
| Computer Hardware & Software | $675 – $2,975 |
| Insurance | $2,000 – $5,000 |
| Working Capital / Additional Funds | $3,864 – $25,000 |
| Royalty Fee | Generally 7% to 5%, subject to applicable minimums |
| National Marketing Fund | 2% of Gross Revenue |
| Franchise Term | Generally 10 Years |
| Financing | Third-party financing available |