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<a href="https://propertymanagementincfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-much-can-you-make-as-a-property-management-inc-franchisee-2719577" target="_blank" rel="nofollow">Property Management Inc. (PMI)</a>, is a nearly 400-unit property management franchise that has exploded in growth lately with signings and acquisitions. The brand is seeing intense interest from prospective owners who want to partner with PMI and offer the business’s four pillars to capitalize on the multiple streams of revenue available.“Partnering with PMI allowed us to not only secure more deals than before but also significantly expand our network,” said&nbsp;<a href="https://www.linkedin.com/in/brad-mistina-4679b51b0/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-much-can-you-make-as-a-property-management-inc-franchisee-2719577" target="_blank" rel="nofollow">Brad Mistina</a>, a previously independent property manager who signed on with PMI in 2021 and is on pace to now triple the number of doors he manages. “With the added support, we’re doing higher-level work for more clients and growing at a record pace.”“Our business model provides property managers with the tools, technology and support needed to expand their businesses, and we’re finding that just about any property manager can achieve their goals more easily with our assistance,” explained&nbsp;<a href="https://www.linkedin.com/in/steve-hart-30aa2a5?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-much-can-you-make-as-a-property-management-inc-franchisee-2719577" target="_blank" rel="nofollow">Steve Hart</a>, PMI’s CEO.How much does it cost to invest in the franchise’s assistance? And how much can one expect to make with PMI? The brand’s 2022 FDD reports on the numbers involved to be a part of the company, and shows what existing franchise owners are making with their operations.&nbsp;As shown in the brand’s Item 19, the average gross revenue per door for PMI franchisees is broken down by pillar type. For residential services, the average income per door was $2,870, which increased 37% from 2019. Associations offered an average of $291 annually per unit, up 55% from 2019. Short term rentals provided an average of $7,463 per key in 2021, up 38% from two years prior.The average number of units for a PMI franchisee is 106 residential properties, 590 association units and eight short term rentals. Average door count per franchisee has also increased dramatically over recent years, seeing jumps of 20% for residential, 68% for associations and 50% for short term rentals.PMI franchisees have the opportunity to tap into this lucrative model for an initial investment between $53,225 and $205,350. This includes $45,000 to $205,050 that must be paid to the franchisor, along with expenses for rent, software, insurance, certifications, equipment and supplies.&nbsp;The exact amount of the franchise fee is calculated based on a number of factors: a “Standard Territory” with a population of 100,000 or more is $55,000; a “Local Territory” with population below 100,000 is $50,000. Conversions of existing property management companies are totaled based on existing gross revenue. The franchise fee for multiple territories is discounted 20% for up to four additional units.&nbsp;Those who invest in becoming a PMI franchisee have the potential to provide the four high-demand pillars in the area and make great profits, as shown in the brand’s reports.&nbsp;“Because of the way our franchise territories are crafted, we still have attractive territory in top tier development markets,” says Hart. “We are in the midst of very exciting development as we near 400 franchise units. We expect the phenomenal growth to continue for our brand and our franchise partners.”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=how-much-can-you-make-as-a-property-management-inc-franchisee-2719577" 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 https://propertymanagementincfranchise.com/.

How Much Can You Make as a Property Management Inc. Franchisee?

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