Property Management Inc.
A property manager manages other people’s real estate assets. Whether you're a real estate professional or are just getting into the industry, PMI provides consistent, year-in and year-out recurring, residual income that comes from assets other people own.
Facts & Figures
Liquid capital required
Net worth required
$19,400 - $60,000
Units in operation
The FranchiseHelp Brief
What is it?
- Nationwide management company for homes and commercial properties
- Responsible for all aspects of property management, including rental procurement, physical upkeep, tenant relations, and legal adherence
How does it make money?
- Franchisees are paid a percentage fee by property owners and investors
- Fees depend on the extent of the services provided
Who is it for?
- Real-estate minded franchisees familiar with the market in their region
- Someone who can balance numerous accounts and tasks simultaneously
What would you do as a franchisee?
- Work with property owners to assess their rental and leasing needs
- Communicate with tenants to maintain healthy relationships
- Hire subcontractors to provide repair, maintenance, landscaping, cleaning, and other ongoing services
WHAT DOES A PROPERTY MANAGER DO?
ANSWER: A property manager manages other people’s real estate assets.
QUESTION: “If you could be paid to manage $20+ million dollars of real estate assets, would you? And if so, how much do you think someone would pay you to manage those assets?”
With this in mind, consider that in August 2015 the median sales price of a home in the USA was $225,000 (Zillow), and if your property management company managed only 100 average homes, you would have more than $22,000,000 in assets-under-management.
Our job is to help you do this, YOUR FIRST YEAR as a PMI franchisee!
WHY A PROPERTY MANAGEMENT FRANCHISE?
Because regardless of whether or not the real estate market is booming or busting, more than 1/3 of the nation’s population rents where they live. And MANY of the owners of these properties NEED knowledgeable and professional property management services. What’s in it for you? Well, are you interested in a business that can provide consistent, year-in and year-out recurring, residual income that comes from assets other people own? WE ARE!
WHO IS PROPERTY MANAGEMENT INC.?
When you think of a national sandwich shop, it's Subway; plumber, it's Roto-Rooter; oil change, it's Jiffy Lube; property management; it's ????
It’s hard to believe that a national brand doesn’t exist for such an important industry, right? But, we are working on it! PMI has more than 100 franchises in 32 states, and we are using this national footprint to consolidate the property management industry. And our growth is being recognized:
- Entrepreneur magazine – Top 100 Low Cost Franchises (August 2015);
- Entrepreneur magazine – Top 100 Fastest Growing Franchises (January 2015);
- Entrepreneur magazine – Top Franchise 500 (February 2015);
- USA Today - Top 50 Franchises for Minorities (2014).
WHY IS PMI’S BUSINESS MODEL BETTER THAN ALL THE REST?
According to Zillow, in 2013, the cumulative value of all of the nation’s residential properties exceeded $25.0 trillion dollars. And in 2012, Prudential Real Estate Investors estimated that the value of all investment-grade commercial real estate was approximately $6.8 trillion dollars. Many of our competitors (lacking the necessary resources/skills/technology/support/systems) neglect, in whole or in part, these markets with tens of trillions of dollars in assets.
So, unlike virtually all of the nation’s other real estate services companies, PMI’s network of franchise offices builds businesses upon a foundation of residual, recurring revenues generated from the entire real estate industry (e.g. Residential, Commercial, Association Management, Vacation, etc.).
WE TEACH, YOU GROW
The “Internet of Everything,” is transforming the real estate services landscape, and this provides PMI and YOU with a VERY BIG OPPORTUNITY. With PMI, a property manager operates at an intersection between a tenant and a property owner and, like never before, has the ability to monetize these relationships into 50+ recurring revenue streams.
So, whether you are a real estate professional or are just getting into the industry, our 6-week online Phase I training, 5-day onsite Phase II training, post-training PMiLaunch program, and ongoing training and support provide you with the tools/resources/systems you need to build a successful business.
Veterans: PMI offers a 5% discount on the franchise fee to qualified military veterans.
"When I started looking at investing in a property management franchise I wanted to find a franchise that would show me step-by-step how to grow my business. I wanted to know how I was going to get clients. The PMI client acquisition system did just that. PMI helped me double my portfolio in just six months, after being in the business for six years!" **-Richard, Evansville, IN
"When I started exploring the property management industry I had to decide if I was going to start a business from scratch or invest in a franchise. I am so glad that I went the franchise route, and I am especially glad that I chose the PMI franchise system. PMI is really a turnkey business. They had all the vendors in place for me, a complete knowledge base in the back office, and their software solutions are cutting-edge in the franchise industry. My website is professional and my print materials are top-notch. I am thrilled with my new business." -Dave, Richmond, VA
"I researched several franchise opportunities and what attracted me to PMI is the fact that I can manage both commercial and residential properties. This gives me access to two industry markets, with trillions of dollars of assets. I just couldn't find another opportunity as exciting as PMI." -Mark, Indianapolis, IN
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