--- title: "Property Management Inc. Celebrates Hitting 400 Unit Milestone and New Executive Hires" url: https://burnaze.com/article/fc8da0b8-53bf-475f-bc8d-c663b9e81868 source: "1851 Franchise" original_url: https://1851franchise.com/property-management-inc-celebrates-hitting-400-unit-milestone-and-new-executive-hires-2719979 category: "Real estate" industry: "Business Services" segment: "Real estate" topics: ["People"] published: 2022-10-13T15:10:29.000Z modified: 2026-11-01T02:10:39.278Z image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/b4e7fd0e602d629995d83e7340964e559871.jpg --- # Property Management Inc. Celebrates Hitting 400 Unit Milestone and New Executive Hires **TL;DR:** Property Management Inc. (PMI) has hit a major milestone of signing its 400th franchise agreement, with massive growth in the past decade. The brand has expanded to 44 states and several countries, and has recently hired new executives, including COO Jeremiah Cundiff and VP of Marketing Greg Allison. *originally published in 1851 Franchise on 2022-10-13. [Read the original](https://1851franchise.com/property-management-inc-celebrates-hitting-400-unit-milestone-and-new-executive-hires-2719979).* ## Story Property Management Inc. (PMI), one of the nation’s top property management franchises, just hit a major milestone: signing its 400th franchise agreement. The brand has seen massive growth lately and is now in 44 states, the Dominican Republic, Malta, Costa Rica, Curacao, and Puerto Rico. PMI started in 2022 with 361 units and has added over 40 signings in the 10 months since the year began. Even more impressively, the brand only had 17 franchisees a decade ago, a 2,252% growth rate. “This milestone represents what the internal team has done for our franchise network and what franchisees have done. You don't achieve this without working together, and we are grateful for our franchisees, our team, and everyone across the PMI team,” says Jeremiah Cundiff, COO. PMI has been steadily growing its internal team to ensure the franchisor can support a growing network of owners. They also recently appointed and hired two new executives: Cundiff and VP of Marketing Greg Allison. Cundiff first joined the PMI organization as a Franchise Sales Consultant in 2011, when it had few franchise units. After leaving to run franchise development for another company, he returned to PMI and worked as Director of Conversions, Executive Director of Operations, and now COO. His primary responsibilities are to work with PMI’s top executives to lead strategic initiatives to drive revenue, retain top talent and increase franchisee satisfaction. Cundiff makes sure to integrate the company’s vision across all departments with an operating plan and by structuring a leadership pipeline. He also structures major partnership agreements and provides CEO, Co-founder, and President Steve Hart with data regarding major initiatives and capital allocation decisions. New hire Allison joins PMI with more than 25 years of experience in brand management, marketing and professional service enterprises. He founded his own marketing agency/brand consultancy firm that worked with a number of high-profile clients and also has held positions with companies such as Alphagraphics Worldwide Printshops, Famous Brands International, and Blue Chip Group. Allison is passionate about generating brand growth and bringing brands to life. He thrives on delivering profitable customer action across the entire franchise ecosystem. Both men are excited about their roles and to be part of the rapidly growing brand’s efforts to continue to open property management businesses nationwide. “We are very focused on putting the franchisee first. That means delivering on two most important factors—franchisee satisfaction and franchisee profitability. So as we look at these 400 units, we need to ensure they are satisfied and profitable,” says Cundiff. *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. ## Entities - 1851 Franchise (publication) - unit expansion (topic) - franchise growth (topic) - Business Services (sector) - property management (topic) - Property Management Inc. (company) - AlphaGraphics (company) - Famous Brands (company) - executive hires (topic) --- Originally reported by 1851 Franchise (https://1851franchise.com/property-management-inc-celebrates-hitting-400-unit-milestone-and-new-executive-hires-2719979). Summarized by Burnaze (https://burnaze.com/article/fc8da0b8-53bf-475f-bc8d-c663b9e81868).