Property Management Inc.’s Mark Jones Celebrates 12 Years Of Successful Franchise Management

Property Management Inc.’s franchise model has allowed the brand to export a roadmap to growth for property managers across the country, allowing franchisees to spend less time on business logistics and more on property management. Mark Jones, owner of PMI Midwest, is one franchisee who has taken full advantage of that model, establishing a thriving property network over 12 years with the brand.

“The property management industry has probably changed more in the past five years than the previous 50,” Jones said. “One of the biggest benefits I've gotten from PMI is that they are a national corporation with a presence in all states, and they're able to stay at the forefront of all these changes.”

Jones got his start in real estate in 1996, starting with the initial goal of building and managing his own portfolio. “I didn’t really have any intentions of managing other properties,” he said. “I really just wanted to build up my own properties and exit the business I had prior to that.”

As Jones’s portfolio expanded, he started taking on partnerships to sustain the growth.

“I found a few people that wanted to joint-venture or purchase some larger types of properties,” he said. “That was kind of my first delve into third-party property management, and I made sure I partnered with people I felt comfortable with.”

The market crash of 2008 was a dire challenge, but it allowed Jones to adjust his strategy and fulfill a new management need.

“I started having people reach out and say they needed a property manager,” he said. “I saw there was a real demand for professional, investment-minded property-management companies, and that’s when my strategy turned to a brand like PMI.”

Jones has served as the president of PMI Midwest since 2009, and his 12-plus years of experience with the brand has taken his management strategy to the next level. “They were a very young company when I first got started,” he said. “As I looked into it, I thought their model would open a good long-term opportunity. I knew they would help me grow my business and provide the support an independent property manager won’t have on their own.”

Jones says PMI allowed him to network with other property management companies, extending his reach dramatically.

PMI President Danessa Itaya says experienced property managers like Jones show just how crucial the support of a national brand can be.

“We’ve found that there is a huge need for corporate guidance in this field. Many of our franchisees have plenty of field experience, and we’re able to leverage their insights with the complete package our corporate team can provide, and we can combine to shape a strong franchise with a lot of upside.”

Itaya says PMI’s partnership with Jones has been mutually beneficial. “We knew Mark had a lot of industry knowledge before he joined our brand — more than the average franchisee,” she said. “Our goal is always to grow as a brand, and we’ve found that his insights have created a better long-term strategy for everybody.”

“In the beginning, it was definitely kind of a leap of faith,” Jones said. “But it's one I’m so thankful I made, and I appreciate the relationships I have with other franchisees and the PMI corporate office.”

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/.