Property Management Inc. Celebrates A Successful 2019

Since its founding in 2008, Property Management Inc. (PMI) has been providing expert property management services and solutions to over 260 markets across the United States, Puerto Rico, Costa Rica and Malta. Backed by its four unique pillars of service—residential, commercial, association and short term—the PMI team is at the forefront of the property management industry. Focusing on these four pillars allows the company to provide exceptional service, while building value and helping hundreds of property managers realize their dreams of owning a successful business.

PMI provides the resources, systems and national recognition of an established brand to consistently create new revenue streams and prosperous franchisees.

As far as 2019 goes, PMI enjoyed a successful year in terms of additional locations, promotions to its leadership team and multiple industry accolades.

Growth-wise, PMI opened 51 new offices in 2019, alone, increasing the brand’s total locations to more than 260 in just one year. “Sustained growth is the goal of any franchise, so opening 51 additional offices in one year is an exceptional win for the brand,” said Steve Hart, co-founder and CEO of PMI. “PMI is definitely heading in the right direction and we are excited to continue to expand our footprint nationally and internationally.”

In addition to this remarkable growth momentum, PMI also signed its very first 10-year renewal partner. Joseph Heckel joined the property management franchise in 2008, when the brand was just getting its start. But thanks to its growth strategy, structured business model and utilization of technology, Heckel knew he had to make his relationship with PMI a long-lasting one. The 10-year renewal agreement was a significant achievement for PMI as a whole as it has worked extremely hard to get where it is today.

“When Joseph approached the leadership team about wanting to do a 10-year renewal on his franchise agreement, we were in awe,” said Danessa Itaya, President of Property Management Inc. “He’s been with the company since the very beginning and experienced first-hand how much we’ve grown and developed the business into what it is today. To say we’re excited to have him for another 10 years in an understatement.”

To supplement its continued growth, PMI also promoted members of its leadership team in 2019. Itaya was promoted from senior vice president to the role of president, succeeding PMI co-founder Steve Hart, who was promoted to CEO. PMI announced these role changes at its annual franchise conference in September.

The promotions of both Itaya and Hart will allow PMI to take its business to the next level. “In our new roles, both Danessa and I are going to focus on bigger-picture projects and getting the company exactly where it needs to be,” Hart said. “Danessa is going to oversee the day-to-day operations, which will allow me to focus on projects related to the company’s visions and goals, including forming national partnerships.”

Amid the excitement of an additional 51 locations and promotions to the leadership team, PMI also received multiple industry accolades in 2019. PMI was ranked No. 281 on Entrepreneur Magazine’s Franchise 500 List. According to Hart, 2020 marked the sixth year in a row that PMI received this recognition. Adding to this elite recognition, PMI was also ranked the No. 1 property management franchise by Entrepreneur Magazine in 2020. This marks the fourth year in a row that the brand has been recognized as the one to beat in its category.

“To be recognized for the fourth year in a row as the No. 1 property management franchise in the country is a huge honor,” Hart said. “There’s hundreds of short- and long-term property management franchises out there, so to be ranked at the top just proves to us and everyone else that all of our hard work has really paid off.”

After a successful 2019, Property Management Inc. is well-poised to continue its momentum in 2020 and beyond. PMI is starting off 2020 with a heightened focus on converting more established property management businesses into PMI franchises and providing franchisees with the unmatched support it’s known for.

The startup costs for a Property Management Inc. franchise range from $22,750 to $175,100. The franchise fee ranges from $16,200 to $128,600. To learn more about franchising with Property Management Inc., visit *