HOA and Association Management Proving To Be Strong Pillar for Property Management Inc.

Property Management Inc. (PMI), the nation’s largest realty management franchise, has grown considerably in size and the scope of its services. The 400-plus unit brand focuses on four pillars of service—residential, commercial, short-term rentals, and associations—and HOA/association management has expanded tremendously. 

In 2015, PMI managed about 1,000 units. By the end of 2022, the number of managed units under the Property Management Inc. name will be 100,000. That’s a 9,900% increase in just seven years. 

A significant increase in new construction nationwide has contributed to the need for these services. Most new communities require homeowners associations, and the growth and number of new associations are skyrocketing. 

“Most states almost require the builder or contractor to create an HOA before they even give them the building permits,” Steve Hart, CEO, President, and Co-founder of PMI, explains. 

But there's not much growth on the HOA management side and not much in terms of competition. There has been a huge demand on the community management side, and the brand doesn’t see it stopping any time soon. PMI is truly positioned for great success in this service segment.

Working with association boards offers PMI franchisees a stream of monthly per-unit revenue from management fees. The massive increase in PMI’s association management portfolio has made it the franchise’s second most popular service. 

“Association management is the most popular expansion pillar, meaning it’s the one franchise owners will expand to after establishing their first service, which is usually residential. When their business grows big enough to add another pillar, many are realizing how lucrative community management can be,” says Hart. 

The startup costs for a Property Management Inc. franchise range from $53,225 to $190,050. The franchise fee ranges from $45,000 to $190,050. To learn more about franchising with Property Management Inc., visit propertymanagementincfranchise.com.

About Property Management Inc.

Founded in 2008, Property Management Inc. is a rapidly growing franchise that provides expert property management services and solutions across four pillars: residential, commercial, association, and short-term rental management. These four pillars provide the owners behind the brand's 400-plus locations with service options that build value and are unmatched in the industry. PMI’s consistent revenue-generating model has helped hundreds of property managers realize their dreams of successful business ownership. For more information about owning a Property Management Inc. franchise, visit propertymanagementincfranchise.com.