PMI Celebrates Owners in the Growing System, Including ‘Franchisee of the Year’

The fast-growing franchise, Property Management Inc. (PMI), has experienced tremendous growth lately, recently passing the milestone 400-unit mark. As the largest property management franchise in North America, it has become increasingly important that key players are recognized for their hard work that has contributed to the system’s amazing momentum.

At the PMI Annual Summit, which took place in late September in Phoenix, Arizona, the weekend concluded with an Awards Gala. A number of owners were awarded for milestones this year, including Scott Abernathy, who was recognized as ‘Franchisee of the Year’ for all of his hard work and dedication to the brand as a business owner.

“Being awarded ‘Franchisee of the Year’ was a huge honor,” Abernathy says. “I am a PMI cheerleader—no doubt about it. I sing PMI’s praises a lot because being a part of their system is so much better than when I was an independent property management company. The brand is the best name in the industry and offers immense support to owners. I couldn’t ask for a better organization.”

Abernathy has had a lifelong interest in real estate and was always determined to succeed in the industry. He started his own company, Reliant Property Management, after working as a broker and property manager for organizations like Coldwell Banker and Prudential, but hit a wall after growing to about 250 units.

“I realized I wasn't going to be able to grow anymore on my own. I found Property Management Inc. and knew the brand’s model and many pillars were the keys to getting to the next level in my business,” explains Abernathy.

In 2017, he signed up with the franchise to start PMI Professionals in Murfreesboro, Tennessee, offering rental management and HOA management services. Later, Abernathy opened PMI of Memphis, and PMI North Alabama, which is located in Huntsville. He recently added the short-term rental pillar, which he says is “taking off”, and has one commercial property he manages.

“The short-term rental sector is growing really fast. You have to set resources and time aside to add a pillar, but it's definitely worth it. It brings multiple income streams and multiple opportunities, and it's very steady,” Abernathy explains.

Abernathy has grown his portfolio to about 1,000 doors and has a staff of more than two dozen employees. He also acts as the Tennessee regional mentor for PMI, helping owners in the state get up and running and offering guidance and solutions along the way. The number of PMI franchisees in Tennessee has now doubled.

Abernathy’s goal is to eventually double his operations to six locations. In the immediate future, he’s looking forward to becoming a Diamond-Level franchisee with seven figures in revenue for one location—a milestone he’s been “really close to hitting the last three years.

With his impressive scaling over the years, Abernathy has played an integral role in the rapidly growing success of PMI. Over the last seven years, the franchise has seen a nearly 10,000% increase in size, passing 400 units and consistently opening territories year over year.

The brand seeks to speak with new franchise partners all over the county. PMI provides Portfolio Growth Assessments to property management companies; These free consultations show businesses how partnering with this successful franchise can take their operations to the next level, as Abernathy has exemplified.

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.