Dan and Renee Kennedy Join The Property Management Inc. Team To Kick Off Expansion in the Texas Market

In 2013, Dan and Renee Kennedy moved to Austin, Texas from California to get involved in real estate—Dan in residential home building and Renee in commercial real estate. Soon, as their careers evolved, the couple immersed themselves in the Austin community, starting their own custom home building firm named Avenue B Development.

When Avenue B Development began expanding into the management of larger, multi-family properties, the Kennedys realized the firm did not have the systems in place to handle the increased volume of occupants. Although their company was selling and holding these larger properties, Dan and Renee needed more structure to deal with the tenants—and that’s where Property Management, Inc. came into the picture.

“In late 2018 I approached my business broker and told him that one of our biggest problems was property management,” said Dan Kennedy. “Everyday, I was dealing with all of the tenant phone calls and issues and I knew our firm wasn’t set up for that level of property management. When I was told of the franchise opportunity at Property Management, Inc., I knew it would be a great fit for our business.”

PMI was founded in 2008 with the goal of creating the nation’s largest residential, commercial, association and vacation management franchise network. Since then, the property management company has expanded exponentially, becoming unmatched in the industry and providing a consistent revenue-generating model that helps hundreds of property managers realize their dreams of successful business ownership.

“My wife and I got on a call with the sales manager for PMI and he laid out the steps for potential onboarding,” said Kennedy. “The overhead costs were affordable and the fee structure was very reasonable. As a company, there are a lot of turning wheels that go into the property management business and PMI offered a chance to confidently adopt those systems and processes.”

According to Kennedy, the couple went through three months of training to learn the system, including a workshop in Utah. “PMI’s six-week comprehensive pre-opening training teaches franchisees the ins and outs of the property management business, preparing them for success from day one,” said Kennedy. “In addition to weekly business launch training sessions, we receive ongoing support through webinars and workshops that develop the expertise necessary to remain on the cutting edge of the industry.”

As the owner of Austin PMI, Dan’s goal is to provide a higher level of customer service in Austin’s property management industry, utilizing PMI’s national success formulas to maximize the property owner’s asset values. “I own several rental properties of my own, so I understand the importance of having a qualified property management company diligently working to address all of the needs and requirements of a well-maintained and attractive property.”

Now, PMI is looking to follow the Kennedys’ lead and expand into the rest of the state. “Texas is one of six states in America without a state income tax, which makes the red tape of business ownership much easier,” said Kennedy.

According to a 2019 Central Texas Housing Market report, Austin’s real estate market is continuing to grow, with home sales spiking 15% in 2019. “The Austin, Texas market has proven to be a great fit for PMI—it is one of the fastest-growing cities in America with a booming tourist industry and a great business climate,” said Kennedy. “There is a high percentage of second homes and a thriving rental market. More young people are moving here and investing in properties, including a large number of multi-family homes on the outskirts of the city.”

While the Kennedys’ independent business was successful in the greater Austin area prior to partnering with PMI, being a part of a franchise has provided the couple with a valuable support system and a well-established partner who is versed in all four pillars of the property management industry. By custom designing solutions to fit any and all requirements and budgets, PMI streamlines the property management process and generates consistent, reliable income for clients across the nation.

“Whether it is a single-family home, a multi-tenant property or commercial space, PMI can assist in all property management and real estate transactional needs,” said CEO/Founder Steve Hart. “PMI leverages its software system to streamline operations for franchisees, giving property managers like Dan and Renee Kennedy all of the tools they need to run their business effectively and efficiently. PMI also provides advanced marketing services that focus on traditional, online and referral marketing, helping franchisees streamline the sales cycle and consolidate lead generation.”

With over 250 locations and plans to become the largest property management franchise in the country, PMI plans to repeat the success of PMI Austin throughout Texas. The state’s booming real estate industry, lucrative business climate and strong investor market provide Dan Kennedy and Property Management, Inc. the perfect market in which to grow.

The initial start-up investment for a Property Management Inc. franchise ranges from $21,250 to $106,800 and has a franchise fee ranging from $15,000 to $62,900. To learn more about franchise opportunities with Property Management Inc., visit https://propertymanagementincfranchise.com/.