Start a Property Management Inc. Franchise in 2024

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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$59,900 - $85,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$70,125 - $148,000
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$150,000 - $500,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$75,000 - $120,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off standard franchise fee ($55,000)
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	Varies
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	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? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	1
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No