Property Management Inc

ProPerty ManageMent inc. hits 400-unit Milestone and aPPoints new hires to accelerate growth

The brand has steadily grown to become the United States’ largest property management franchise, with 400 units across the United States.

Property Management Inc. (PMI), one of the nation’s top property management franchises, hit a major milestone in 2022: signing its 400th franchise agreement. The brand has steadily grown to become the United States’ largest property management franchise, with units located all over the country as well as in the Dominican Republic, Malta, Costa Rica, Curacao, and Puerto Rico.

PMI started 2022 with 361 units and has added over 40 signings since the year began. Even more impressively, the brand only had 17 franchisees a decade ago, a 2,252% growth rate. And by the end of 2022, the brand will have about $50 billion in managed assets. “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 serves four pillars—residential, commercial, short-term rentals, and association management—and has continued to scale aspects of the business even throughout the recent pandemic and economic downturn, including the addition of brokerage in realty. Franchisees benefit from the booming property market with construction rates at an all-time high. In fact, a study by RentCafe shows that over 420,000 apartments will be built in 2022, and wherever there are properties, there is a need for PMI services.

“The all-inclusive system we offer at Property Management Inc. allows franchisees to collect recurring profits from 50-plus revenue streams within the four pillars of property management,” \\ Steve Hart, CEO of PMI. “We work with many independent managers who convert their businesses and are amazed at how fast and far they can grow with our brand name and system.”

To ensure the franchisor can support its growing network of owners, PMI has also been steadily growing its internal team. In 2022, the brand appointed and hired “ We are very focused on putting the franchisee first. That means delivering on two most important factors— franchisee satisfaction and franchisee profitability.”

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 leadership pipeline. He also structures major partnership agreements and provides 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 highprofile 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 thrives on delivering profitable customer action across the entire franchise ecosystem.

Both leaders 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.

aBout Property management inc.

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, 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. PMI’s consistent revenuegenerating model has helped hundreds of property managers realize their dreams of successful business ownership. For more information about owning a Property Management Inc. franchise, visit propertymanagementincfranchise.com.