How Property Management Inc.’s 4 Pillars Set Up Franchisees for Multiple Revenue Streams

Property Management Inc. (PMI), the nearly 400-unit property management services franchise, has been growing rapidly since its inception in 2008 - both in terms of franchisees and the services the brand offers. The business provides solutions across four pillars of property management: residential, commercial, association and short-term rental. This revenue-generating model brings in multiple streams of income for owners, a perk that the hundreds of existing franchisees realize every day. 

Owning a PMI franchise allows for access to unparalleled training and support. With the nationally-recognized brand’s extensive service offerings covering all kinds of real estate, PMI franchisees are able to quickly grow their business and expand their portfolios. 

“The all-inclusive system we offer at Property Management Inc. allows franchisees to collect recurring profits from 50-plus revenue streams within the four pillars of property management,” said Steve Hart, CEO of PMI. “We work with many independent managers who convert their businesses and are amazed at how fast and far they can grow with our brand name and system.”

Residential Services 

PMI offers brokerage services, property inspections, leasing and setup fees and more. The brand works with both single family homes and multi-family homes, all across the United States. The global residential property management market is worth an estimated $10.5 trillion, according to MSCI, and franchisees have the opportunity to be a part of that with ??5 to 10% management fees. 

Commercial Services

Statista reports that the global commercial property management market is valued at $32.6 trillion. Working with business owners as tenants provides franchisees with the benefits of longer leases that typically range from three to seven years and lower risk factors. Franchisees collect a 4 to 8% management fee monthly.

Association Services

Signing association boards as clients offers PMI franchisees a lucrative stream of revenue from management fees, which are around $10 to $30 per unit each month. There are over 420,000 homeowners associations worldwide, accounting for 25% of all housing in the United States. This provides franchise owners with a long list of groups to target in their area. 

Vacation Home Services

The high per night revenues that Airbnb, VRBO and other vacation/short-term rental properties bring are a big money-maker for property managers. Global Newswire values the global vacation rental management industry at $111.2 billion. Property managers usually receive about 25 to 45% of the nightly rate. 

PMI franchise owners are appreciative of the multiple revenue sources the brand’s four established pillars bring in. “Having the ability to diversify your focus within PMI is one of the things that really makes it stand out from other property management companies,” Jones says. “They have systems in place that allow you to grow in many different directions,” said Carey Jones, who owns PMI Cornerstone in Powder Springs, Georgia. 

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 https://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 4 pillars: residential, commercial, association and short-term rental management. These four pillars provide the owners behind the brand's 300-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 https://propertymanagementincfranchise.com/.