1851

<a href="https://propertymanagementincfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=property-management-inc-closes-out-q1-2023-strong-with-a-dozen-new-locations-and-impressive-revenue-growth-2722083" target="_blank" rel="nofollow">Property Management Inc. (PMI)</a>, the property management services franchise, ended Q1 2023 with 12 new units and impressive revenue growth following a major milestone of 400 units at the end of 2022. Even more notably, the brand only had 17 franchisees a decade ago, representing a 2,252% growth rate.&nbsp;The franchise signed 12 agreements during Q1 and opened 12 locations&nbsp;in 12 different markets&nbsp; across 7 states, including in Fresno, California, a new market for the brand. With rental demand higher than ever, systemwide revenue is up 17% year over year.&nbsp;“We are off to a fantastic start to 2023 at PMI, and we couldn’t be more excited to keep the momentum going,” says PMI CEO, Co-Founder, and President&nbsp;<a href="https://www.linkedin.com/in/steve-hart-30aa2a5?utm_source=1851franchise.com&utm_medium=article&utm_campaign=property-management-inc-closes-out-q1-2023-strong-with-a-dozen-new-locations-and-impressive-revenue-growth-2722083" target="_blank" rel="nofollow">Steve Hart</a>. “We are so pleased with the growth we saw in the first quarter and feel confident that we are set up well for a great rest of the year. This is only the beginning.”&nbsp;Going into the first quarter, the PMI senior management team laid out a one-year plan. One of the key initiatives that were focused on going into the year included revamping the entire training platform. The brand also secured a partnership for a brand new learning management system.&nbsp;In a further effort to support growth, PMI has also been conducting an extensive audit of its technology infrastructure in order to identify key areas that it can invest in to strengthen the brand.&nbsp;Notably, the franchise also engaged a third party consultant to do a brand study. Once completed, PMI will have a compelling brand roadmap with a clear and concise brand story and messaging that aligns internal culture and values with external brand promises.“For our brand, this is the first time in our history that we have ever done something like this to this extent,” says&nbsp;<a href="https://www.linkedin.com/in/jeremiahcundiff/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=property-management-inc-closes-out-q1-2023-strong-with-a-dozen-new-locations-and-impressive-revenue-growth-2722083" target="_blank" rel="nofollow">Jeremiah Cundiff</a>, Chief Operating Officer at PMI. “We are using the findings from this study to make sure that we are in the best position for growth in the coming years.”As PMI continues to grow in 2023, it has made several key hires internally. Jared Lewis, for example, was named Director of Marketing, while Stuart McReynolds was hired as a Senior Vice President to lead PMI’s international expansion.&nbsp;With these new additions to an already strong internal team, in addition to a powerful property management network and a presence all around the nation, PMI is set up for a successful rest of 2023 and is looking forward to keeping up the momentum in Q2.&nbsp;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&nbsp;<a href="https://propertymanagementincfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=property-management-inc-closes-out-q1-2023-strong-with-a-dozen-new-locations-and-impressive-revenue-growth-2722083" target="_blank" rel="nofollow">https://propertymanagementincfranchise.com/</a>.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&nbsp;<a href="https://propertymanagementincfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=property-management-inc-closes-out-q1-2023-strong-with-a-dozen-new-locations-and-impressive-revenue-growth-2722083" target="_blank" rel="nofollow">https://propertymanagementincfranchise.com/</a>.

Property Management Inc. Closes Out Q1 2023 Strong with a Dozen New Locations and Impressive Revenue Growth

1851 Franchise

The property management services franchise ends Q1 strong with 12 new units and strategic new hires. 

property-management-inc-closes-out-q1-2023-strong-with-a-dozen-new-locations-and-impressive-revenue-growth

TruBlue Home Service Ally

TruBlue Home Service Ally Celebrates Major Milestone With Opening of Its 100th Franchise Location

trublue-home-service-ally-celebrates-major-milestone-with-opening-of-its-100th-franchise-location

Children's Lighthouse

Children’s Lighthouse Named Among the Top Franchises in Entrepreneur Franchise 500® Ranking

Children’s Lighthouse Named Among the Top Franchises in Entrepreneur Magazine’s Franchise 500® Ranking

childrens-lighthouse-named-among-the-top-franchises-in-entrepreneur-magazines-franchise-500-ranking

Layne's Chicken Fingers

Four Layne's team members stand in front of a wall decorated with artwork from the community

The Easiest $10,000 Made in a Day: How Layne’s Built Operations for Volume

the-easiest-10000-made-in-a-day-how-laynes-built-operations-for-volume

Pet Wants

Why Pet Wants Is Perfect for First-Time Franchise Owners

why-pet-wants-is-perfect-for-first-time-franchise-owners

Griswold

7 Winter Safety Tips for Seniors: Staying Safe During National Winter Safety Month

7-winter-safety-tips-for-seniors-staying-safe-during-national-winter-safety-month

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

Login

facebook

instagram

twitter

linkedin

youtube

Yum Brands - KFC - Pizza Hut - Terminates Franchise Agreements in Turkey - 1851 Franchise

Yum! Brands Terminates Franchise Agreements in Turkey Due to Non-Compliance

yum-brands-terminates-franchise-agreements-in-turkey-due-to-non-compliance

Recent Franchise News - Why Franchisors Churn Through Marketing Suppliers - 1851 Franchise

Forbes: Four Reasons Why Franchisors Churn Through Marketing Suppliers

forbes-four-reasons-why-franchisors-churn-through-marketing-suppliers

QSR Magazine: Big Chicken Targets Global Expansion

qsr-magazine-big-chicken-aims-for-global-growth

Starbucks Strike Brews Opportunity for the Next Coffee Franchisee

starbucks-strike-brews-opportunity-for-coffee-franchise-hopefuls

I Heart Mac and Cheese - Franchisees Sue I Heart Mac and Cheese - Franchise News - 1851 Franchise

Restaurant Business Online: Franchisees Sue I Heart Mac and Cheese

restaurant-business-online-franchisees-sue-i-heart-mac-and-cheese

Franchise Deep Dive: Studio Pilates Franchise Costs, Fees, Profit and Data

franchise-deep-dive-studio-pilates-franchise-costs-fees-profit-and-data

Franchise Deep Dive: Innovative Sport Surfacing Franchise Costs, Fees, Profit and Data

franchise-deep-dive-innovative-sport-surfacing-franchise-costs-fees-profit-and-data

How Ellie Mental Health Is Transforming Communities Through Franchise Expansion

how-ellie-mental-health-is-transforming-communities-through-franchise-expansion

How Matt and Megin Sharp Built KidStrong to Empower Kids and Families

how-matt-and-megin-sharp-built-kidstrong-to-empower-kids-and-families

Two Attorneys, Restaurant Professionals To Serve Germantown Community With New Paris Baguette Café

two-attorneys-restaurant-professionals-to-serve-germantown-community-with-new-paris-baguette-cafe

Top 10 Franchises for New Year’s Resolutions

Top 10 Franchise Opportunities for New Year’s Resolutions

top-10-franchises-for-new-years-resolutions

Leveraging Technology in Franchise Management

How to Leverage Technology in Franchise Management

leveraging-technology-in-franchise-management

The Best Franchises To Own With Low Initial Investments

best-franchises-with-low-initial-investments

Newk's Eatery - Magee, MS - Skip Russell Franchisee Profile - CI

Former Popeyes Franchisee Builds on Decades of Success with Newk's Expansion Plans

former-popeyes-franchisee-builds-on-decades-of-success-with-newks-expansion-plans

Property Management Inc. Closes Out Q1 2023 Strong with a Dozen New Locations and Impressive Revenue Growth

MORE STORIES LIKE THIS