Property Management Inc. Welcomes Queries from Industry Business Owners Who Want To Convert to the Brand’s Franchise Model

Building one’s own property management business from the ground up is no doubt a major source of pride. For owners who want to take their enterprise to the next level, Property Management, Inc. (PMI) offers the option to convert their business to a PMI franchise model.

Property Management, Inc. is actively seeking and welcoming existing business owners who want to scale their business. The brand is more than ready to equip them with the tools and support they need to elevate their offerings.

PMI helps franchisees maximize their profitability across four pillars—residential, commercial, association and vacation. The company was founded in 2008 and has since grown to more than 250 franchise offices across 42 states. PMI also scored major recognition in February 2019 when it landed a spot on Entrepreneur’s Franchise 500 list. Earlier this year, the brand made the list again for the sixth year in a row and nabbed first place in the property management category for the fourth year in a row.

And the brand is not slowing down. The brand is looking to expand across the U.S. PMI Senior Vice President Danessa Itaya specifically pointed to Southern California as a major territory for the brand to conquer.

“We’re actively targeting the Southern California area and we’re looking to pick up a group of professionals to train and work with to build a strong PMI presence in the market,” Itaya said.

The brand touts several advantages that come with being part of its franchise system, including technology and back office support, training, marketing support and an exit strategy. PMI provides franchisees who convert to the brand’s model with more revenue streams than they would have had on their own business. A PMI franchisee has access to more than 50 revenue streams, which include tenant liability insurance, pet rent, online bill pay, site visits and more.

One franchisee who converted her business to the PMI model is Patti Robertson. She converted her Hampton Roads, Virginia property management business in January 2019. She noted that being part of a franchise system holds a business owner accountable.

“When you operate in a vacuum, you always think you're doing great, so it helps to compare yourself with benchmarks that others have set,” Robertson said. “And when an individual person improves, the whole company grows. You have a country full of cheerleaders.”

Another recent convert to the PMI franchise system is franchisee Howard Harris. His Palmdale, California-based business, Antelope Valley Property Management, was already doing very well when he decided to convert to the PMI franchise model. That said, he had trouble scaling his business. He also wanted to expand his business beyond residential real estate.

After attending PMI’s 2018 Summit in Las Vegas, Harris was convinced that conversion was the way to go.

Being part of a franchise system gives a sense of “peace and comfort,” Harris said. “It’s bringing on a well-established partner who is versed in every facet of business management and works just as hard as you do to ensure your company’s success.”

Harris appreciates the support he gets from being part of the PMI franchise system.

“The Property Management Inc. corporate team is as solid as they come,” Harris said. “The brand is a great concept and one that executes exceptional service. They are community-driven, which I deeply appreciate.”

PMI franchisee Wendy Yuill, a 22-year veteran of the property management profession, vouches for PMI as being a solid partner to its franchise system.

She spent several years working for mom-and-pop property management companies and decided it was time to take the next step in her career. She found PMI while researching property management solutions and, after doing her due diligence, decided to franchise with the brand. She is especially appreciative of franchisee resources such as Tenant Turner, which helps her manage email queries.

“If anyone is thinking about partnering with PMI, I would highly recommend doing it,” Yuill said.

With multiple revenue streams, strong back office support and an enthusiastic corporate team ready to support its franchisees, Property Management Inc. is clearly a real estate business conversion opportunity to consider.

The startup costs for a Property Management, Inc. franchise range from $21,250 to $106,800. The franchise fee ranges from $15,000 to $62,900. To learn more about franchising with PMI, visit https://propertymanagementincfranchise.com/.