About Property Management Franchise
Property Management Inc.
(PMI) is a franchised property management and real estate services company offering a broad spectrum of services across five industry pillars: Residential, Commercial, Association, Short-Term Rental, and Brokerage.
Franchisees operate a PMI business in a specific geographic area, providing services such as leasing real estate property, communicating with tenants and landlords, collecting rent, overseeing repair and maintenance contracts, brokerage services, property review, paying bills, maintaining property insurance, handling evictions, association and community management, hospitality services for short-term rentals, and providing monthly, quarterly, and annual financial reports.
Property Management Franchise Cost & Fees
Minimum Investment
$70K
Average Investment
$109K
Maximum Investment
$148K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $59,900 | One-time payment upon signing |
| Royalty Fee | 5% of Brokerage plus tiered percentage of Gross Revenue (7% up to $35,000, 6% from $35,001-$75,000, 5% above $75,001) of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 2% of Gross Revenue (National Marketing Fund) | National brand fund |
| Total Investment Range | $70,125 – $148,000 | Includes build-out, inventory, working capital |
The investment range of $70K–$148K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (5% of Brokerage plus tiered percentage of Gross Revenue (7% up to $35,000, 6% from $35,001-$75,000, 5% above $75,001)) and marketing fee (2% of Gross Revenue (National Marketing Fund)) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Franchise Fee | $59,900 | $85,000 |
| Rent | $0 | $2,000 |
| Rental Improvements | $0 | $2,500 |
| Deposits | $0 | $2,500 |
| Pillar Certification (Training Program, Workshop, and PMiLAUNCH) | $0 | $3,800 |
| Equipment and Business Supplies | $500 | $3,000 |
| Computer Hardware and Software (including PMiSOFT, PMiWARE, PMiPrograms, PMiSTR) | $675 | $5,950 |
| Local Advertising Expenses for 3 months | $4,500 | $13,500 |
| Insurance | $2,000 | $5,000 |
| Professional Services | $0 | $1,500 |
| VOIP Telephone Equipment (3 months) | $300 | $500 |
| Additional Funds for 3 months (All Pillars) | $0 | $20,000 |
| Initial Trust Account Deposit (Residential, Commercial, and Short-Term Rental Pillars) | $500 | $1,000 |
| STRBooks (Short-Term Rental Pillar only) | $1,750 | $1,750 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $12,000 |
| Renewal Fee | $10,000 |
| Technology Fee | PMiSOFT: presently no per Door monthly fee; PMiWARE: $35/Association + $500 setup; PMiSTR: $1,750-$1,950 setup + monthly software user fee; PMiPrograms: $65/month; PMiWorkFlow: $22.50/month; Accounting Software: $21-$160/month |
| Audit Fee | Cost of audit + 50% of understated amount + owed Royalties if Brokerage or Gross Revenue understated by 5% or more |
| Local Advertising | Minimum $1,500/month primary pillar + $1,000/month each additional pillar |
| PMiBOOKS Bookkeeping | Varies: $15/Door or $100 min for Doors/Suites; 20% of management fee or $75/Association for Units; $65/Key or $325 min for Keys |
| PMiSTR Software | $1,750-$1,950 setup + monthly user fee ($25 flat or $21.95/key for 1-10 keys, tiered) |
| PMiPrograms | $65/month |
| PMiWorkFlow | $22.50/month |
| Accounting Software | $21-$160/month |
| Late Fees | $50/day plus highest applicable legal rate |
| Insurance | $2,000-$5,000 annually |
| Extraordinary Training | $600-$800/day plus travel |
| Monthly Phone Service Fee | $94.95-$149.90 setup + $65.87/month |
| Annual Summit Fee | $600-$825 per attendee |
| Trust Account Reconciliation | $5.00 per Door |
| Compliance Fee | $25.00/day if out of compliance |
| Broker Fee | $0-30% of leasing fee |
| Acquisition Lead Sourcing Fee | 5% of transaction value ($5,000 min, $50,000 max) |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 90-180 days (Training Program) plus approximately 5 days (Workshop) plus 7 weeks (PMiLAUNCH) |
| Classroom Training | Approximately 47 hours (Training Program) plus approximately 15.5-19 hours (Workshop depending on track) |
| On-the-Job Training | Approximately 63+ hours (Opener component of Training Program) |
| Training Location | Training Program: Remotely; Workshop: Lehi, Utah; PMiLAUNCH: Remotely |
| Additional Training | Continuing Education including Refresher Courses, Annual Summit, Extraordinary Training ($600-$800/day). Additional Pillar Certification required for each new pillar ($10,000 fee per additional pillar). |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Territory Size | Individually negotiated based on population, economic strength, projected growth, and existing competitors |
| Description | Territory delineated by city, county, state and/or US Post Office Zip Code boundaries, boundary streets, and/or highways. Once established, boundaries will not be adjusted without written consent. Franchisee may not advertise or solicit outside territory without prior written consent. Franchisor reserves the right to use and license the Marks at any location, use alternative channels of distribution, and acquire similar businesses regardless of location. Territory may be reduced if franchisee breaches agreement. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | 10 years |
| Renewal Fee | $10,000 |
| Renewal Conditions | Notice required, no material default or money owed, sign a release and then-current Franchise Agreement, pay renewal fee. May be asked to sign contract with materially different terms and conditions. Territory boundaries may change. Royalties and fees may be adjusted to conform with fees charged to new franchisees. |
| Transfer Fee | $12,000 |
| Transfer Conditions | Must be in compliance, must pay fee, must not be in breach. Transferee must have background and financial resources. Transferee pays for training. Franchisor has 30-day right of first refusal on same terms as bona fide offer. |
| Termination for Cause | Franchisor can terminate for curable defaults (failure to pay, file reports, comply operationally, maintain insurance/licensing, repeated breaches, misuse of Marks) and non-curable defaults (bankruptcy, abandonment, felonies, repeated defaults, false books, disclosure of Confidential Information, failure to complete required courses, improper transfers, failure to maintain insurance, failure to meet standards). |
| Non-Compete Period | 2 years |
| Non-Compete Details | Franchisee, family, Principal Operator, or Owners cannot operate or be involved with a similar business, including Brokerage, for 2 years within the Territory or within any other territory, subject to state law. During the franchise term, cannot operate or be involved with a similar business. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | No |
| Participation Details | Franchisee does not have to participate personally in the direct operation of the Business, though it is recommended. Franchisee must designate a Principal Operator to be responsible for day-to-day operations. The Principal Operator must be approved by PMI and must complete the Training Program, Workshop, and PMiLAUNCH. |
| Required Suppliers | PMI is the only designated supplier of Business Supplies. Franchisees must use PMiSOFT, PMiWARE, PMiSTR, PMiPrograms, PMiWorkFlow, and approved accounting software. Must use PMI's Digital Marketing Program. Must purchase VOIP phone equipment from required vendor. |
| Supply Restrictions | Must adhere to brand standards and specifications in PMiWAY. Must use Approved Vendors published in PMiWAY. Computer hardware and software must meet PMI standards. Must use financial institution chosen by PMI for Association management. |
| Franchisor Revenue from Suppliers | In fiscal year 2023, PMI received $6,171,928 in revenue from purchases of products and services by franchises, representing 39% of total revenue of $15,658,277. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | Neither PMI nor any related company is obligated to provide financing. However, PMI or a related company may offer financing to assist with conversion costs or growth opportunities via promissory notes. Terms vary including amount, down payment, term length, and finance charges. Personal guaranty required by all persons with equity interest. No prepayment penalty. |
Property Management Franchise Earnings — Item 19
Average Revenue
$296K
Sample Size
408 units
Past financial performance does not guarantee future results. Individual results will vary.
Property Management Litigation & Risk Flags
Clean Litigation RecordProperty Management has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Property Management System Growth
Total Units
377
Franchised
377
Company-Owned
0
Property Management currently operates 377 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2021 | 60 | 0 | 356 |
| 2022 | 20 | 0 | 376 |
| 2023 | 3 | 0 | 377 |
Transfers: 14 | Closures: N/A
State Registrations
Registered in 16 states: CA, FL, HI, IL, IN, MD, MI, MN, NY, NC, ND, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$15.7M
Property Management Franchise — FAQ
The total investment to open a Property Management franchise ranges from $70,125 to $148,000, per their Franchise Disclosure Document. This includes the initial franchise fee of $59,900. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Property Management charges a royalty fee of 5% of Brokerage plus tiered percentage of Gross Revenue (7% up to $35,000, 6% from $35,001-$75,000, 5% above $75,001) of gross sales, plus a 2% of Gross Revenue (National Marketing Fund) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Property Management Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Property Management to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Property Management franchise owners report average revenue of $296K. This is based on a sample of 408 units. Past performance does not guarantee future results.
Property Management has been franchising since 2008. The FDD shows an investment range of $70,125-$148,000, a 5% of Brokerage plus tiered percentage of Gross Revenue (7% up to $35,000, 6% from $35,001-$75,000, 5% above $75,001) royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $59,900 and the total investment ranges from $70,125 to $148,000 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Property Management and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Property Management or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com