1851

In the past decade, the property management franchise segment has been created and grown exponentially, due in large part to the segment&rsquo;s major player, <a href="http://propertymanagementincfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=property-management-inc-plans-to-become-the-largest-property-management-franchise-by-2020-2709184" target="_blank" rel="nofollow" style="text-decoration:none" target="_blank">Property Management, Inc (PMI).</a> Steve Hart founded the brand in 2008 as a residential property management company, and over the decade that followed, rolled out an aggressive expansion and technology innovation strategy, adding three additional differentiating markets: commercial, association and vacation. PMI&rsquo;s four segments are unmatched in the industry and provide additional revenue streams for franchisees that other brands cannot. 

&ldquo;When I founded PMI in 2008, my vision was to create the nation&rsquo;s largest residential, commercial, association and vacation management franchise network,&rdquo; said Hart, President of PMI. &ldquo;My previous career was in real estate, and I realized that the property management sector of the industry remains stable, even in an unstable real estate climate. <a href="https://1851franchise.com/propertymanagementinc/how-property-management-inc-is-shaking-up-the-property-management-industry-2709287" target="_blank">PMI offers a consistent revenue-generating model </a>that helps hundreds of property managers realize their dreams of successful business ownership.

PMI&rsquo;s four markets have led the brand to sign 60 new franchise deals in 2018. A key strategy to hit the goal of 82 new franchises in 2019 will be focusing on converting mom and pop properties to PMI, Inc. franchisees. PMI completed five conversions in 2018 and anticipates doing nine more next year, with 11 business owners in the vacation rental business alone in the pipeline. 

&ldquo;Conversions are ideal candidates for PMI because we can bring franchisees into the system that already have a baseline understanding of the business, and operate in at least one of the segments,&rdquo; said Hart. &ldquo;PMI will provide them with the resources, systems and national recognition of an established brand. Over time, they&rsquo;ll have the opportunity to add more diferentiators and expand their portfolio in ways they never could before.&rdquo;

In 2018, PMI acquired a competitor, Book by Owner, and is converting units into PMI franchises. With 230 current franchisees, the brand has been<a href="https://1851franchise.com/propertymanagementinc/property-management-inc-earns-coveted-spot-on-entrepreneur-s-franchise-500-ranking-2709185" target="_blank"> </a><a href="https://1851franchise.com/propertymanagementinc/property-management-inc-earns-coveted-spot-on-entrepreneur-s-franchise-500-ranking-2709185" target="_blank">ranked in Entrepreneur magazine for the past three years</a> as the number one property management franchise. 

&ldquo;More than one-third of Americans rent, and because owning rental properties comes with liability, more people are turning to professional property management than in the past,&rdquo; said Hart. &ldquo;Property management is about more than just collecting a rent check, and most people don&rsquo;t want to deal with it. Property management is truly a recession proof-industry because even if real estate, mortgage rates and the stock markets slow, property management gets stronger.&rdquo;

To open a PMI franchise, the investment range falls between $21,250 and $106,800.

Property Management Inc. Plans to Become the Largest Property Management Franchise by 2020 

1851 Franchise

Flexibility of model and multiple revenue streams fuel development of fastest growing brand in the property management segment.

This brand page has been paid for by 1851. Content within this page that is paid will showcase a Sponsored icon. This means the brand has engaged 1851 FRANCHISE to write the content. Content without the Sponsored Icon is aggregated media placements the brand earned. Questions can be sent to editorial@1851franchise.com

property-management-inc-plans-to-become-the-largest-property-management-franchise-by-2020

Dillas Quesadillas

Design with photo of Michael Mabry and Dillas Primo Quesadillas logo

Franchise Times: New Franchise Exec Says Dillas Is Bringing ‘Excitement’ Back to QSR Category

michael-mabry-franchise-growth

Lawn Squad

Greener, Faster, Smarter: Why Entrepreneurs Are Choosing Lawn Squad 

Greener, Faster, Smarter: Why Entrepreneurs Are Choosing Lawn Squad as a Treatment-Only Lawn Care Franchise

lawn-squad-franchise-opportunity

Jollibee

How Jollibee’s Veteran Leadership Team Is Rewriting the Playbook for U.S. Expansion

franchise-leadership-growth

Woodhouse Spas

Photo of guest checking in at Woodhouse Spas reception desk

franchise-questions-answered

Mellow Mushroom

How Mellow Mushroom’s Model Made it the Perfect Addition to Brad Harper’s Restaurant Portfolio

How Mellow Mushroom’s Flexible Model Made it the Perfect Addition to Brad Harper’s Growing Restaurant Portfolio

mellow-mushroom-brad-harper-restaurant-growth

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 Development Website Builder

Franchise Resources

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Buying a fitness franchise, people exercising

Boutique vs. Big Box Gym Franchises: Which Offers Best ROI in the $7 Billion Fitness Market?

buy-fitness-franchise-boutique-big-box-comparison

Pieology Pizza Enters Chapter 11 Following Costly Bid To Save Struggling Stores

pieology-pizza-files-chapter-11-bankruptcy

CNBC: McDonald’s Will Assess if Franchisees Are Offering Value for Customers Under New Standards

mcdonalds-franchise-standards-value-metric

How AI Is Transforming Restaurant Operations and Franchises

ai-impact-restaurants-franchises-human-centric-technology

Round Table Pizza Franchisees Take FAT Brands to Court Over Marketing Fund Mismanagement

round-table-pizza-franchisees-take-fat-brands-to-court-over-marketing-fund-mismanagement

AI-related job cuts, October U.S. job cuts, American job cut record

AI-Fueled Layoffs Reshape the U.S. Job Market — And Highlight Franchising’s Resilience

ai-job-cuts-franchising-path-forward

Paris Baguette Welcomes Zac Sulma as New Chief Operating Officer

new-coo-zac-sulma

Callaway Sells Majority Stake in Topgolf to Private Equity for $770 Million

callaway-sells-majority-stake-in-topgolf-to-private-equity-for-770-million

A Practical Playbook: Who To Call First When Franchising Your Business

franchising-your-business-who-to-call-first

Photo of group of dogs standing together in day care facility

Top Pet Boarding and Day Care Franchise Opportunities for 2025

top-pet-boarding-daycare-franchises

image of jerome hanway from right at home Las Cruces, New Mexico 1851 franchise franchisee spotlight

Jerome Hanway Is Building His Right at Home Franchise Around His Mission To Serve

right-at-home-franchise-las-cruces-jerome-hanway

1851 Franchisee Spotlight graphic with photo of Eli Cohen, Layne's Chicken Fingers logo

C5 Restaurants Grows its Texas Footprint with 40 Layne’s Chicken Fingers Locations Planned Statewide

eli-cohen-laynes-chicken-fingers-texas

Property Management Inc. Plans to Become the Largest Property Management Franchise by 2020

MORE STORIES LIKE THIS