Founded in 2008 in Utah, Property Management Inc. (PMI) has rapidly evolved into a leading franchise in the property management industry. With its headquarters in Lehi, Utah, PMI began franchising shortly after its inception, offering comprehensive property management solutions across four key sectors: residential, commercial, association, and short-term rental management.
PMI distinguishes itself through a unified platform that integrates these diverse property management services, providing franchise owners with unparalleled support and resources. This innovative approach has propelled PMI's growth, earning it recognition as one of the fastest-growing property management franchises.
Currently, PMI's expansive network encompasses over 400 locations, managing assets worth more than $7 billion globally. The company's commitment to excellence is further evidenced by its ranking at #300 on the Franchise Times Top 400 list for 2024, highlighting its significant impact and leadership within the property management sector.
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
KEY FRANCHISE STATS
All you need to know about this franchise
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$156,000
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Below are some of
Property Management Inc.
key competitors in the
Broker/Realtor
sector.
402
$64,900
$77,000
$154,000
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$156,000
$xxx,xxx
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LakePlace.com
$50K - $100K
6
$10,000
$51,000
$115,000
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$0
$xxx,xxx
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The Agency
$100K - $200K
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$47,500
$120,000
$856,000
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$0
$xxx,xxx
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PropertyGuys.com
Under $25K
4
$20,000
$22,000
$81,000
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$0
$xxx,xxx
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Property Management Inc. (PMI) offers a comprehensive training program for its franchisees, ensuring they are well-prepared to manage various property types effectively.
The training includes approximately 88 hours of classroom instruction and 69 hours of on-the-job training, totaling around 157 hours. Additionally, PMI provides online training resources to further support franchisees' education.
This extensive training covers essential aspects of property management, including the use of PMI's proprietary software, marketing strategies, and operational procedures, equipping franchisees with the necessary skills and knowledge to succeed in the property management industry.
Property Management Inc. (PMI) does not provide exclusive territory protection to its franchisees, meaning multiple franchises may operate within the same geographic area.
This arrangement allows PMI to expand flexibly but requires franchisees to differentiate themselves through strong service and marketing efforts. Franchisees should be prepared to compete while leveraging the PMI brand to build a solid market presence.
The absence of territorial exclusivity can increase overall brand visibility but also creates the potential for local competition among franchisees. Prospective franchisees should consider this dynamic carefully when assessing the opportunity with PMI, ensuring they have strategies to succeed in a shared market.
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