Veteran Larry Krieg Uses the Skills He Learned Serving in the Military to Boost His Career With Property Management Inc.

Larry Krieg had a long career serving in the U.S. military, where he was able to travel to many parts of the country and the world before owning his own Property Management Inc. (PMI) franchise.

Founded in 2008, PMI provides expert property management services and solutions across four pillars: residential, commercial, association and vacation rental. Focusing on these four pillars allows the company to provide unmatched service, building value and helping hundreds of property managers realize their dreams of successful business ownership. Those who convert their existing business to a PMI franchise gain access to unparalleled training and support from the top line. PMI provides the resources, systems and national recognition of an established brand to create new revenue streams, ultimately allowing franchises to expand their portfolios.

New to the property management industry? No problem. The PMI business model provides newcomers all of the necessary tools to succeed.

Larry Krieg signed on as a newcomer with the business (and the industry as a whole) in 2014 and has since been building his property management expertise in the Clarksville, Tennessee community. Thanks to PMI’s proven model and industry-leading franchisee support, Larry Krieg has enjoyed considerable success.

When Larry Krieg was nearing the end of his military career, he decided he needed to find an additional path that would supplement his income beyond his time in the service; something that would set him up for success for the remainder of his work life.

After looking into several different opportunities, Larry Krieg ultimately decided to purchase a rental property in Clarksville. About a year or so later, he needed to find a property manager to hold down the fort, as he was about to head out on one last deployment. “Trying to find a property manager that I could trust to run my business while I was away was pretty tough,” said Larry Krieg. “This was something that was definitely lacking in my community.”

The lackluster market for property managers in his community led Larry Krieg to take matters into his own hands and he began searching for local property management franchises. He came across PMI and the brand’s business model fit seamlessly with what Larry Krieg was looking for, in terms of both finding someone to manage his property while he was away and finding a new career path that would set him up for success—and across multiple revenue streams at that.

Before fully committing to buying a PMI location, Larry Krieg conducted an extensive amount of research on the brand, its training processes and its growth potential. “I did as much research as possible in my initial discovery stages,” he said. “I contacted people that were current franchise owners to gather their viewpoints and to hear any advice they could share for getting started. Each person I talked to was very helpful and it definitely helped in terms of making the decision easier.”

In May of 2014, Larry Krieg opened his very own PMI location in Clarksville.

Running his own property management business felt right in line with the skills he learned while serving in the military, helping him better run his business, Larry Krieg noted. “I started to realize that my military background provided the structure and discipline that would be helpful in the franchise world,” he said. “I also had years of leadership experience to help me better understand people, which has been beneficial as I’ve grown my team.”

As Larry Krieg’s PMI location became more and more established, he knew investing in the company was the right decision. “My business provides a service that I did not feel was being met successfully when I was looking for a property manager,” said Larry Krieg.

Larry Krieg has  experienced enough growth that he is now able to provide employment opportunities to people in his community as well as donate to different charities.

To continue his upward trajectory, Larry Krieg plans on continuing to expand his PMI business’ reach within the community to add homeowners associations (HOAs) and short-term rental management to his service offering.

Because Larry Krieg was a new-comer in his industry, he has a few pieces of advice to give other new-comers who are looking at getting into franchising. “Take your time and gather as much data as possible,” he noted. “Also, try and talk to people that have been doing what you are interested in, but are at different levels of the process. Find someone who has recently joined a franchise, someone who has been doing it for a year or two, then someone who has been doing it for three to five years. Talk to them all; you will definitely learn something.”

The initial start-up investment for a Property Management Inc. franchise ranges from $21,250 to $106,800 and has a franchise fee ranging from $15,000 to $62,900. To learn more about franchise opportunities with Property Management Inc., visit https://propertymanagementincfranchise.com/.