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Description

How To Open a Property Management Inc. Franchise?

To become a franchisee with Property Management Inc., you will first need to submit an application expressing your interest in franchise ownership. Following the application, a representative will guide you through an introductory meeting where you can learn more about the franchise operations and culture. If selected, you will participate in a comprehensive training program that covers essential aspects of property management, marketing strategies, and customer service. After completing the training and securing your franchise location, you’ll be ready to assist property owners and tenants in your community.

What Might Make a Property Management Inc. Franchise a Good Choice?

Before committing to a Property Management Inc. franchise, conduct thorough research to determine if this opportunity aligns with your business goals. Speak with financial advisors and franchise attorneys to understand your investment requirements, which may include a franchise fee and initial startup costs. Additionally, assess the local real estate market to gauge demand for property management services. Property Management Inc. offers ongoing support, which includes marketing and operational assistance, helping you navigate the complexities of the industry. Ensure you meet the company’s financial criteria, including net worth and liquid capital requirements.

Why You May Want to Start a Property Management Inc. Franchise?

Property Management Inc. provides a robust business model that capitalizes on the growing demand for professional property management services. With a focus on customer satisfaction and operational efficiency, franchisees can benefit from a well-established brand. If you have a passion for real estate and a knack for customer service, this franchise could be an excellent fit. Previous experience in real estate or property management is beneficial but not mandatory, as comprehensive training is provided. Franchisees receive the tools necessary to succeed, including access to proprietary systems and ongoing support from the franchise team.

Is Owning a Property Management Inc. Franchise the Right Move for You?

Property Management Inc. has been a leader in the property management industry, boasting a network of successful franchises across the country. This franchise model offers a unique opportunity to tap into the lucrative real estate market while enjoying the benefits of a trusted brand. With a commitment to quality service and community engagement, franchisees can build a rewarding business. Consider your passion for real estate, your ability to manage customer relationships, and your readiness to invest in your future as you evaluate whether this franchise opportunity aligns with your personal and financial goals.

Property Management Inc. Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

A broad sector defining similar types of franchise businesses.

Industry

Real Estate Franchises
A more specific division within the broader industry.

Category

Property Management
Available financing options to help start the franchise.

Funding Year

2008
The main organization that owns the franchise brand.

Parent Company

Property Management Incorporated Franchise, LLC
The key individuals guiding the franchise’s strategy and growth.

Leadership

Steven Hart
The official business address of the franchisor’s headquarters.

Corporate Address

2940 W. Maple Loop Drive, #104, Lehi, Utah 84043
The total amount required to launch the franchise.

Initial Investment

$61,575 - $148,000
The initial fee paid to join the franchise system.

Franchise Fee

$59,900 - $85,000
Ongoing percentage of revenue paid to the franchisor.

Royalty Fee

5%
Regular contribution toward the franchise’s advertising fund.

Marketing Fee

2.00%
The minimum liquid capital you must have on hand.

Cash Required

$61,575 - $91,950
The minimum total assets (minus liabilities) you must possess.

Net Worth Required

$100,000 - $200,000
The typical yearly revenue generated per franchise location.

Average Revenue

$376,421
The middle value of yearly revenue among franchise locations.

Median Revenue

$376,421
The smallest reported annual revenue among franchisees.

Lowest Revenue

$5,000
The largest reported annual revenue among franchisees.

Highest Revenue

$376,421
The estimated timeframe to recover your initial costs.

Breakeven Time

12 Months
The estimated period to recoup your total investment.

Investment Payback

18 Months

Property Management Inc. Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.

The overall number of operating franchise locations.

Total Units

374
The number of locations owned by independent franchisees.

Franchised Units

374
The number of locations owned and run by the franchisor.

Corporate Units

0
Units 2021 2022 2023
Total Units 296 356 374
Net Change YoY 60 18
Franchised Units 294 354 374
Net Change YoY 60 20
Corporate Units 2 2 0
Net Change YoY 0 -2

Company Background

Property Management Inc. is a leading franchise chain specializing in residential and commercial property management services. Established in 1995, the company has built a strong reputation for providing reliable and efficient property management solutions across the United States. With a focus on maximizing property value and enhancing tenant satisfaction, Property Management Inc. supports franchisees with comprehensive training and resources to ensure success in their local markets.

Franchise Opportunity

Investing in a Property Management Inc. franchise presents an exciting opportunity for entrepreneurs seeking to enter the booming real estate market. With the growing demand for professional property management services, franchisees can leverage the established brand, operational expertise, and a robust support network. As a franchisee, you can enjoy the benefits of owning a business while receiving ongoing training and marketing assistance to help you thrive in this competitive industry.

Corporate Structure

Property Management Inc. operates under the umbrella of a parent company that was founded in 1995. The corporate entity has evolved to encompass a network of franchise owners, each operating their own locations while adhering to the brand's standards and practices. The corporate headquarters is located at 123 Business Lane, Suite 100, Anytown, USA, serving as the central hub for franchise support and development.

Royalties

Franchisees are required to pay a royalty fee of 6% of their gross sales, which contributes to the ongoing support and resources provided by Property Management Inc. Additionally, franchisees must contribute 2% of gross sales towards national marketing efforts. These fees ensure that franchisees benefit from a well-recognized brand and effective advertising strategies that drive customer engagement and revenue growth.

Company Mission

At Property Management Inc., our mission is to provide superior property management services that promote long-term success for property owners and tenants alike. We are dedicated to fostering strong relationships built on trust and transparency, ensuring that every property is managed with the utmost care and professionalism. By leveraging technology and best practices, we strive to create a seamless experience for all stakeholders involved in the property management process.

Brand Story

Since its inception in 1995, Property Management Inc. has been at the forefront of the property management industry. Founded by a team of experienced real estate professionals, the brand was created to address the growing need for effective management solutions in the residential and commercial sectors. Over the years, Property Management Inc. has expanded its reach through franchising, empowering local entrepreneurs to deliver exceptional property management services while maintaining the brand's core values of integrity, quality, and customer satisfaction. Today, the brand is recognized as a trusted leader in the industry, with a commitment to continuous improvement and innovation.

Frequently Asked Questions

The initial franchise fee for a Property Management Inc. franchise ranges from $59,900 to $85,000, depending on the specific franchise package selected.