TL;DR
Property Management Inc. (PMI), the nation's fastest-growing top property management franchise, is confident in its ability to survive economic issues due to its strong track record and growth. The brand has 400 units across the US and is on track to open 100 new franchise territories in 2022, with $50 billion in managed assets by year's end.
Property Management Inc. (PMI) , the nation’s fastest-growing top property management franchise, is adamant that the brand is poised to survive any oncoming economic issues. With plenty of talk about a recession looming, many people are worried about how businesses will fare — but not PMI franchisees.
The brand has steadily grown to become the United States’ largest property management franchise, with 400 units located all over the country. PMI serves four pillars — residential, commercial, short-term rentals, and association management — and has continued to scale aspects of the business even throughout the recent pandemic and economic downturn.
PMI’s proven track record and strong place in the industry give the franchise and its owners confidence the company will continue to succeed no matter what happens with the economy.
One of the main reasons PMI has fared so well over the years, despite other times of financial strain, is that the market is so hot right now. Construction rates are at an all-time high, creating tremendous opportunities for property managers. A study by RentCafe shows over 420,000 apartments will be built this year.
And where there are properties, there is a need for the services PMI offers. The franchise is also experiencing huge growth; it's well on its way to opening 100 new franchise territories in 2022. By year's end, the brand will have about $50 billion in managed assets. Since 2015, PMI has grown 9900% in size .
“The supply for rentals is very low right now, and we have many properties that are filled up,” said Steve Hart , CEO, president, and co-founder. “As the construction industry catches up to the demand, we look forward to adding more units to our portfolio and managing more properties. It’s a great time to be in real estate right now.”
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 26, 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.
