Property Management, Inc. Pinpoints Buffalo, New York As Latest Growth Opportunity

Property Management, Inc. (PMI) offers a wealth of property management services and solutions to over 260 markets across the United States, Puerto Rico, Costa Rica and Malta. Since its founding in 2008, PMI has seen a great number of successes—and on the heels of a prosperous 2019, the brand has decided to expand its footprint in order to provide the high-quality property management service it’s known for to even more people across the country.

In 2020, PMI is actively targeting Buffalo, New York for development.

Currently, there are five Property Management, Inc. locations operating in New York, but none that are near Buffalo. PMI’s current New York locations are located in East Greenbush, Saint James, White Plains, New City and New York City. The brand is looking to sign three franchisees in and/or around the Buffalo area. “Buffalo, New York is a wide open market for prospective Property Management, Inc. franchisees,” PMI President Danessa Itaya said. “It’s the perfect opportunity for an established property management business to sign with PMI, convert their business and really hit the ground running.”

Expansion into Buffalo, the second-largest city in the state of New York and the largest city in Western New York, will mark a significant opportunity for PMI and its franchisees. According to data collected in 2018 by the U.S. Census Bureau, Buffalo has a population of 256,304—and that number is expected to continue to grow year-over-year. Additionally, according to Zillow, as of January 2020 the average home value in Buffalo is $104,015, an increase of approximately 10% since December 2018. “Buffalo is the second-largest city in the state of New York and its population is expected to continue to rise,” PMI’s co-founder and CEO Steve Hart said. “Right now is the perfect time for PMI to gain a solid footing in the Buffalo area because as more people decide to move there, there will be an increased need for knowledgeable, high-quality and professional property managers.”

Historically, PMI has done particularly well in cities, states and regions located along the waterfront, including Florida, Houston and New England. Expanding its presence along the New York coast—especially Buffalo—just makes sense for the property management brand.

Property Management, Inc. was built on a philosophy of ensuring exceptional service to its clients: PMI wants to take away the hassle of property management, not add to it. PMI has become the property management franchise at the forefront of the industry and focuses on four unique pillars of service—residential, commercial, association and short term—allowing it to provide unparalleled service to all clients, while simultaneously helping hundreds of property managers realize their dreams of owning a successful business.

Converting an existing property management business to a PMI franchise is one of the most unique opportunities in the industry—franchisees gain the training and support needed to bring their business to the next level. By leveraging PMI’s resources, systems and national recognition, franchisees are able to grow and expand their portfolio in ways they otherwise couldn’t. Even for those who are new to the property management industry, PMI boasts the perfect business model to get started. Its all-inclusive system allows franchisees to collect recurring and transactional revenue from various forms of additional revenue streams within the four pillars of management.

“There has never been a better time than now to join the PMI family,” Hart said. “PMI has really proven itself as a top contender in the property management industry and we are only going up from here. Because we provide a wide variety of flexible and professional solutions, we are confident that our franchisees are set up for success in any market, even brand new ones. We are extremely confident that new franchisees will flourish in the Buffalo, New York market.”

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/.