Property Management Inc. Announces New Vice President of Franchise Development, Gerald Steen

Property Management Inc., the property management franchise with nearly 400 franchises across the country, is gearing up for rapid expansion in 2022 and has brought on Gerald Steen as its new vice president of franchise development to support that growth.

Steen brings a combined 40 years of industry experience to the Property Management Inc. team, including 20 years at RE/MAX corporate headquarters and nine years as a Regional Vice President with Realogy.

“We’re thrilled that Gerald has joined the Property Management Inc. team,” says Steve Hart, Chief Executive Officer and Co-Founder of Property Management Inc. “His experience leading teams and generating franchise growth for both RE/MAX and Realogy lend themselves to our brand perfectly, and we’re looking forward to implementing his blueprint to scale our business in 2022 and beyond.”

Steen says he’s excited to join Property Management Inc. and support its vision of becoming a national brand while building its international footprint. “What’s exciting about that is building the blueprint for the company to scale,” he says. “We want to become a national brand and a household name, and that’s the most exciting thing about taking ownership of this position.”

Throughout 2022, Property Management Inc. will work to drive domestic and international development in an effort spearheaded by Steen, who says he is a big believer in franchising and the operating tools and systems that are built into businesses to help scale them.

“Property Management Inc. has developed and designed a way for owners to scale their business through their four pillars of management as well as through their acquisition process,” he says.

For example, property managers who work with the brand may specialize in short-term rentals. However, through a partnership as a franchisee with Property Management Inc., those owners can expand their portfolios by also becoming residential, commercial, and association specialists.

By the end of the year, Property Management Inc.’s goal is to sell and open more than 100 franchise locations. Steen says the goal is also to convert 15 unaffiliated companies and bring them under the Property Management Inc. brand.

“We are working hard to build plans and strategies to help us reach these goals daily,” he adds.

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/.