Why This Property Manager Decided To Convert Her Business to Become a Property Management Inc. Franchisee

Vienna Lin has been managing properties and investing in real estate since college. She was ready to scale her business, and in researching Property Management Inc. (PMI), she realized the brand could help her do just that. The company serves customers across four pillars: residential, commercial, short-term rental and association, and allows owners to separate themselves from the logistics and instead focus on the bigger picture.

PMI is one of the fastest-growing top 100 franchises in the country. The company is the largest in the industry, with nearly 400 franchisees managing over 100,000 properties in 47 states and international territories like Dominican Republic, Puerto Rico, Malta and Costa Rica. The brand is signing a record-breaking number of franchise agreements, including Lin’s in San Francisco.

“I enjoyed running a small business but wanted to evolve. So I talked to a number of franchisors, but the majority of them want the owner to be the one operating the business,” Lin explained. “PMI thinks big-picture by allowing us to hire an operator. I realized their system would allow me to focus on growing my business.”

In addition to allowing for an operator on staff, Lin said PMI stood out during her research because of its four-pillar model. This wide range of services means she can diversify and expand her portfolio, which was previously mostly Airbnb rentals.

“I already have about 40 properties and I want to continue growing that, and PMI is going to be key to doing that. We’d like to be one of the biggest owners with PMI in the next five years or so,” Lin said.

One of the reasons she anticipates being able to grow so fast is because PMI already has proven processes in place.. As a new franchisee, she can enjoy the benefits of a prefabricated business model without having to do much of the groundwork. That saves time, and time equals money.

“I wanted a better system to organize everything. I don’t want to waste my time building a system. I joined PMI because they have already done that and I really like their system,” Lin said. “If I can pay a small royalty percentage and have a team help grow my business, that’s huge. I hope to leverage PMI’s team and system to expand my investment portfolio.”

“We're thrilled to partner with franchisees like Vienna who are looking to take their property management businesses to the next level,” said Danessa Itaya, PMI’s president. “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.”

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/.