- 2024 Franchise 500 Rank
-
#155 Ranked #146 last year
- Initial investment
-
$70K - $148K
- Units as of 2023
-
415 61.5% over 3 years
Property Management Inc. was founded in 2008 and began franchising the same year. It is a top property management franchise that offers four primary services: managing commercial, residential, vacation, and association rental properties. They are ranked near the top of the property management industry and may provide unmatched services and value. With a general idea to help more than just those who open one of their franchises, Property Management Inc. wants to help the community. You may be able to trust Property Management Inc. with your investment properties!
Why You May Want to Start a Property Management Inc. Franchise
Property Management Inc. strives to help the community in all its short-term, residential, and commercial needs. This automatic diversification of services offered may mean better chances of customer conversion. The property management industry is important and lively, and you should team up with a franchise expert and a trusted guide. Since the Property Management Inc. brand is known and trusted, you may find yourself as one of the best options for clients hiring management services for their property.
Multiple times in recent years, Property Management Inc. has been ranked in Entrepreneur’s Franchise 500 based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
Whether you have experience in property management or not, you will be guided by the franchisor to help you make the most of the opportunity. Training and technology, marketing, and back-office support are provided for almost all franchisees. Using the software packages, you can streamline your operations. You might also benefit from the accounting services offered by the franchisor.
What Might Make a Property Management Inc. Franchise a Good Choice?
To be part of the Property Management Inc. team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. Property Management Inc. may offer a significant discount off the franchise fee for veterans. Additionally, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
As you decide if opening a Property Management Inc. franchise is the right decision for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Property Management Inc. franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
How to Open a Property Management Inc. Franchise
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Speak to existing franchisees and ask questions directed to the Property Management Inc. team.
Are you ready to join the network of Property Management Inc. franchisees? Manage your property the Property Management Inc. way and submit an inquiry form to get started with the process. If you are seen as a good fit, a Property Management Inc. franchise representative may reach out to you.
Company Overview
About Property Management Inc.
| Industry | Business Services |
|---|---|
| Related Categories | Property Management, Miscellaneous Business Services, Miscellaneous Services |
| Founded | 2008 |
| Parent Company | Property Management Inc. |
| Leadership | Greg Allison, VP Marketing |
| Corporate Address |
2901 W. Bluegrass Blvd., #420 Lehi, UT 84043 |
| Social | Facebook, Twitter, LinkedIn, Instagram |
Business Overview
| Franchising Since | 2008 (16 years) |
|---|---|
| # of employees at HQ | 49 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Europe (Eastern), Central America |
| # of Units | 415 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Property Management Inc. franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$59,900 - $85,000 |
|---|---|
|
Initial Investment
|
$70,125 - $148,000 |
|
Net Worth Requirement
|
$150,000 - $500,000 |
|
Cash Requirement
|
$75,000 - $120,000 |
|
Veteran Incentives
|
10% off standard franchise fee ($55,000) |
|
Royalty Fee
|
Varies |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| In-House Financing | Property Management Inc. offers in-house financing to cover the following: franchise fee, startup costs |
|---|---|
| Third Party Financing | Property Management Inc. has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 46-69 hours |
|---|---|
| Classroom Training | 47 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 1 |
|
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where Property Management Inc. landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Property Management Inc. ranked on other franchise lists? Find out below.
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