Property Management Franchise Frequently Asked Questions
Please view PMI's most frequently asked questions and contact PMI today if you have other questions or would like to learn more about joining the Property Management Franchise.
Can I continue with my current employment while I build my Property Management Franchise business?
Most new franchisees plan to keep their current job or position at least until their training with PMI is complete. Some franchisees even find success running their Property Management franchise in addition to their current employment, but PMI will always recommend that franchisees put as much effort and hours towards building their franchise in order to achieve optimal success. This enables franchisees to work towards gathering as much business as possible, as well as providing the attention needed to properly service their property owners and current tenants.
Do I need an office?
A new franchisee is NOT required to have an office. PMI allows their franchisees to start from a home office, however PMI strongly urges franchisees to get an office or at least an office in an executive suite as soon as possible.
What are the start-up costs?
The investment level required to participate in a Property Management franchise is $25,000 to $46,250.
These fees include:
- Franchise Fee $25,000-$30,000
- Royalty Fee 6%
- $3,000 – $21,250 start up capital and operating expenses
Does Property Management Franchise offer financing?
Property Management Inc. has experts who can help you find the best financing available through a 3rd party.
Do I need experience to run a Property Management Franchise?
No. We provide the training, support and proven business model for success. The Property Management Franchise opportunity is suited for resourceful, motivated individuals or teams, who are willing to make a fairly small initial investment, follow the business plan and then work hard to see it grow.
What is the royalty fee? What does it cover?
The royalty fee is 6% of gross revenue each month, which covers a number of specific items. The most important of those is the ongoing support of our franchisees. Additionally, this royalty covers ongoing use of the Property Management Inc. Franchise trademark and systems, and the public image created by the Property Management Franchise name through a variety of means.
How is the Property Management Franchise different from other business opportunities?
Property management is an industry that has consistently experienced solid growth in all economic conditions. The business model is built upon a residual base which means that your efforts will be rewarded over and over again. It is an industry which has a high demand for services. PMI is the only property management franchise that offers systems, training and support to both the residential and commercial markets.
What do I get for my Property Management Franchise investment?
After acquiring a Property Management Franchise from PMI you’ll see that you’ve chosen the most comprehensive property management program available on the market today. As part of PMI's property management franchise program, the tools, technology and skills needed to grow and succeed in your business are provided. From the start, you can count on a strong support team that is highly knowledgeable, easily accessible and responsive to all the needs of the PMI franchise owner.
Am I given my own specific franchise area?
Each property management franchise owner enjoys a designated marketing area. Your designated area is carefully researched and determined using the most recent market information available to ensure you are in the best possible position to succeed from day one.
May I call existing Property Management franchise owners for more information?
As you go through the franchise process, PMI will be happy to give you the contact information of existing franchise owners who have volunteered to share their experiences with other potential franchisees.
What are the next steps?
If you would like to explore The Property Management Franchise opportunity further please complete the franchise inquiry form and PMI will send you the information you need to get started with a Property Management Franchise.