3 Questions with Corporate: PMI COO Jeremiah Cundiff Explains Why Now Is the Time to Invest with PMI

Property Management Inc. (PMI), the nation’s fastest-growing property management franchise with over 400 units around the United States, is continuing to build momentum with a record number of Franchisees benefitting from the recession-resistant industry and the brand’s four pillars of property management.

1851 Franchise spoke to Chief Operating Officer Jeremiah Cundiff about why now is the time to invest and how the brand's unique model puts it ahead of the competition.

1851: Why should candidates invest with PMI?

Cundiff: At PMI, we provide four business opportunities in one franchise, meaning PMI is the only brand in the franchise industry—that we're aware of—that allows a franchise owner to eventually operate their business across the residential property management market, the association management market, commercial property management, and short term rental property management markets. In addition to that, franchise owners can also offer real estate brokerage services as an add on service to their property management business. We do have our franchise owners start their businesses in one of those specific verticals, what we refer to as the Pillars of property management and, as the business matures, they can add on a whole other market opportunity to their franchise.

The PMIbrand has matured to a level where we can offer the systems, training and support to someone that wants to expand into any of the different four pillars of property management.

We also have a very detailed onboarding process for new Franchisees. New franchise owners are assigned an onboarding coordinator to help them get their business open. After their business opens, they're assigned a franchise business coach, who is their single point of support for all things PMI.

This includes operational and marketing support, as well as various online resources that connect Franchisees to one another. Our franchise advisory council is also a great tool for our Franchisees to communicate with the PMI leadership team. Our team meets with the Franchise Advisory Council on a quarterly basis to develop initiatives that are going to be beneficial to franchise owners in the system.

And these are just some of the ways in which we support our Franchisees.

1851: Why is now the time to invest with PMI?

Cundiff: So when we look at the current economic climate that we're in, there's no better time to be in the property management industry. Historically, property management has weathered economic downturns really well as an industry overall. And PMI has continued through various economic and pandemic-related conditions—our franchise owners actually grew their businesses during the pandemic.

We’ve continued to grow our business, starting back in 2007 when the brand was actually launched in the midst of the worst economic recession the United States had ever seen. From that point, we’ve grown to over 400 franchise locations and counting and we anticipate adding over 80 new franchise locations in 2023. So we're very optimistic about our industry and we just continue to see new franchise owners joining the brand because of the recession-resistant nature of the business model.

1851: What is it about PMI that makes it the best property management brand to invest in, over the competition?

Cundiff: When you look at the property management franchise option available for someone that wants to get into the industry, there are other franchise brands that will allow someone to operate in a single segment of the market. For example, they can operate in just residential property management with one of our competitors, or they can operate in just short term rental management with another one of our competitors. However, our business model allows the franchise owner to diversify their portfolio and generate recurring revenue that creates a significant asset as they grow the business.

Additionally, we work with our franchise owners and help them become successful entrepreneurs. We don't necessarily want them to buy the franchise to own a job. We want to help them develop a business so they're true business owners in the property management industry.

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, as well as brokerage services. 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.