--- title: "Property Management Inc. Targets Rockingham, North Carolina as Prime Territory for Further Expansion" url: https://burnaze.com/article/e4a9bd7c-5981-4b5f-ada7-b5caa409e5e1 source: "1851 Franchise" original_url: https://1851franchise.com/property-management-inc-targets-rockingham-north-carolina-as-prime-territory-for-further-expansion-2712516 category: "Home Services" industry: "Home Services" topics: ["Development & multi-unit"] published: 2020-03-13T23:18:55.000Z modified: 2026-11-01T02:02:20.811Z image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/12b33571de122157262abff6193226103236.jpg --- # Property Management Inc. Targets Rockingham, North Carolina as Prime Territory for Further Expansion **TL;DR:** Property Management Inc. is expanding into Rockingham, North Carolina, with plans to sign on two franchisees. The company has over 260 franchises across the United States and is looking to continue its growth. *originally published in 1851 Franchise on 2020-03-13. [Read the original](https://1851franchise.com/property-management-inc-targets-rockingham-north-carolina-as-prime-territory-for-further-expansion-2712516).* ## Story Property Management Inc. was founded in 2008 with the idea of providing expert property management services and solutions across four pillars: residential, commercial, association and short-term rental management. The brand has since grown to more than 260 franchises across the United States. Property Management Inc. prides itself on offering boutique-style property management services with the expertise and resources of a national company. The company is still growing and has plenty of prime franchise territory up for grabs, with expansion plans for markets such as Southern California and Texas . Today, the brand is especially interested in expanding into the North Carolina city of Rockingham, which is located in Richmond County, approximately 90 minutes east of Charlotte. The city will likely ring a bell for NASCAR fans, as it is home to the Rockingham Speedway, whose operations are currently on hiatus. PMI is no stranger to the Tar Heel state. There are currently three PMI franchises in the cities of Winston-Salem, Huntersville and Charlotte. Rockingham, in particular, is well-situated for a franchise opportunity such as PMI. According to the U.S. Census Bureau , the city’s population is 8,776 and the population of Richmond County is 44,887 as of July 2018. According to real estate website Redfin , the average sale price of a home in Rockingham County as of February 2020 is $125,000. The PMI leadership team would like to sign on two franchisees for Rockingham. “Rockingham, North Carolina is an excellent next step for PMI,” President Danessa Itaya said. “Rockingham and Richmond County, in general, provide a great foundation in which a PMI franchisee can make a difference. Plus, our three existing North Carolina franchises are successfully operating, proving there is a market for our services in Tar Heel territory. We are confident a franchisee will find great success in Rockingham.” The time is certainly ripe to franchise with PMI. For one, the brand recently ranked No. 281 on Entrepreneur magazine’s Franchise 500 list for 2020 . PMI plans to continue its growth and hopes to become a household name, which is why the company is always prepared to offer franchisees the best corporate support possible. Advantages for PMI franchisees include a strong conversion program for existing property management business owners, more than a decade of industry knowledge and a diverse range of products and services. “PMI has come a long way since our inception, but we’ve never lost sight of the fact that we are a solutions-driven company,” CEO and co-founder Steve Hart said. “In order to deliver best-in-class solutions to our customers, it is imperative that the leadership team provides franchisees with the tools they need to succeed. We are proud to say that we offer strong corporate support to our entire franchise system, and we are eager to add more members to our franchisee family in Rockingham. PMI is operating at full speed, and we’re excited to see what new milestones we’ll meet in 2020.” 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 . ## Entities - 1851 Franchise (publication) - unit expansion (topic) - franchise growth (topic) - Home Services (sector) - Entrepreneur (publication) - north carolina (location) - property management (topic) - Property Management Inc. (company) - Danessa Itaya (person) - Rockingham (location) --- Originally reported by 1851 Franchise (https://1851franchise.com/property-management-inc-targets-rockingham-north-carolina-as-prime-territory-for-further-expansion-2712516). Summarized by Burnaze (https://burnaze.com/article/e4a9bd7c-5981-4b5f-ada7-b5caa409e5e1).