TL;DR
Dezmon Robertson, a former Navy member, joined Property Management Inc. as a franchise owner of PMI Seven Cities in Virginia, focusing on short-term rental properties. Property Management Inc. is a 350-plus unit property management franchise that provides services across four pillars: residential, commercial, association, and short-term rental.
Dezmon Robertson joined the Navy when he was 17 years old and spent many years proudly serving his country. When his military career was coming to a close, he started to think about what career path he wanted to take and decided he wanted to buy into a business.
After consulting with a franchise business coach and reviewing several options, Robertson decided to work with Property Management Inc. (PMI), a 350-plus unit property management franchise. PMI provides services across four pillars: residential, commercial, association, and short-term rental.
Robertson became the franchise owner of PMI Seven Cities in Virginia earlier this year. He is focusing on short-term rental properties, and the area offers a unique opportunity for high profits, being a hub for travel.
“It’s a great place to be capitalizing on the industry,” Robertson explains. “Norfolk and Virginia Beach are a mixture of vacation/military hotspots. It’s great in the summer for tourists, but people are traveling year-round for training and visiting the bases. I'm glad we can come into this market and put those pieces together for short-term renters looking for a solution.”
Robertson says PMI has been a massive help in getting him started in the business. When he began, he was still in the military. As he began operations, the franchisor's tools and resources were a tremendous advantage.
“It was a massive help that PMI was there to support us instead of having to go out and find our own company that can do this service,” he says. “It was major to have a lot of the pieces there and put together and a lot of the programs intertwined with each other that you can just plug in. It's a lot of support, especially for first-time business owners and someone new to this industry.”
The brand’s ongoing support has been excellent as well, he adds. Anytime Roberston has a question, he can hop on the phone or one of the online groups and “someone hops right on to help and get you answers.”
His operations have started to pick up a great deal of momentum in recent months. He has integrated a few properties into their system and received many inquiries.
“When you do long-term rentals, you pick up properties a lot faster. With short-term rentals, you pick them up a lot more slowly, but the properties are a lot more impactful to your business and your bottom line,” he says.
“It’s been great. We hope to really stand out in the market here, bringing this trusted brand and its technology to the area. I think we can benefit a lot of guests that come and improve their experience,” says Robertson.
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 propertymanagementincfranchise.com.
Founded in 2008, Property Management Inc. is a rapidly growing franchise that provides expert property management services and solutions across four pillars: residential, commercial, association, and short-term rental management. These four pillars provide the owners behind the brand's 400-plus locations with service options that build value and are unmatched in the industry.
In this story
This story was originally published in 1851 Franchise on October 11, 2022. Burnaze summarizes and links to the original reporting.
Read the full story at 1851 FranchiseLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.
