Property Management Inc Franchise

Property Management Incorporated Franchise, LLC was formed on March 21, 2008, and began offering and selling franchises in July 2008. Originally formed in Nevada, the company transferred to Wyoming in early 2016 and maintains its principal office in Lehi, Utah. An affiliate opened the first corporate-owned business using the PMI system in 2010. Co-founder Steven Hart became CEO in September 2019.

The current model identifies five property management sectors, called pillars: residential, commercial, association, short-term rental and multifamily. Depending on the approved pillar, services can include leasing assistance, rent collection, owner and tenant communications, maintenance coordination, property reviews, association management, hospitality services and financial reporting. Brokerage activities support the business but are not a separate pillar. A new franchisee selects an approved primary pillar; adding another generally requires approval, certification and a $5,000 additional-pillar fee. Existing property management companies already serving multiple pillars have separate conversion provisions.

The March 30, 2026 FDD gives an estimated initial investment of $102,439–$165,975 and a standard new-business franchise fee of $69,900. The disclosed investment table spans different applicant and operating circumstances, including E-2 investor and existing-company provisions; it includes $24,000 in first-year local advertising prepayment and three months of additional funds. Those additional funds exclude owner compensation and staff wages. E-2 applicants have separate fee and reserve requirements, while qualifying existing management companies may receive a reduced franchise fee.

The business operates in a non-exclusive geographic territory. A home office must be owned by the franchisee and approved by PMI; this arrangement is permitted until the $8,000 monthly growth threshold or 12 months after Greenlight completion, whichever comes first. Required professional and business licenses remain the franchisee’s responsibility.

PMI’s initial training takes place remotely over a 90–180-day period through telephone sessions, webinars, web-based tools, videos and tutorials. The principal operator and one additional person can participate in initial-pillar training without a training fee. The required hours depend on experience, licenses and the existing business structure. Primary-pillar training must be completed within 180 days of signing the franchise agreement.

The pre-opening Greenlight program covers licensing readiness, system onboarding, pillar education, business-name selection, branding, entity formation, insurance, business planning and marketing setup. After opening, the required 12-week Launch program helps owners implement sales, business systems, bookkeeping, finance, marketing, contract closing and acquisition processes.

Training also includes an approximately five-day Workshop at PMI’s headquarters in Lehi, Utah, combining general business topics with the participant’s designated property-management track. Initial-pillar Workshop attendance is included for the principal operator and one other person; extra attendees pay $1,000 each. Franchisees pay wages, travel, lodging, meals and other attendance expenses. Additional pillars require their own certification and applicable fees.

Before opening, PMI provides access to PMiWAY, its online operating manual and business resources, a territory-specific logo, a custom website, approved-vendor information and required software for the applicable fees. Continuing assistance includes portal and manual updates, promotional materials, software and paid bookkeeping services through PMiBOOKS until the franchisee meets PMI’s bookkeeping training and competency requirements. Website and national-account leads may be provided, but referrals are discretionary.

Ongoing education includes seminars, webinars, videos and refresher courses; some require attendance and additional fees. Mandatory refresher courses receive at least 60 days’ notice. An Annual Summit, if held, requires attendance and associated expenses. Requested extraordinary training is subject to approval and separate charges. The principal operator remains responsible for completing required continuing education and applying it to the local business.

PMI offers a way to build a real estate services business around a property specialty that fits the owner’s experience and local market. Its five-pillar structure creates defined options for serving homeowners, commercial property owners, community associations, short-term rental clients or multifamily communities. Starting with an approved primary pillar gives the business a specific focus, while the additional-pillar process provides a route to broaden services as training and operating requirements are met.

The ownership proposition combines client-facing property management with organized back-office systems, a staged launch program and continuing education. Owners are not required to handle every daily operation personally, although PMI recommends their involvement. Each franchise must operate through a legal entity and appoint a PMI-approved principal operator to manage daily operations and oversee service delivery. This model can suit a buyer who values relationship building and operational discipline, or an existing management company seeking a shared brand and systems through the conversion program.

Read more about the operating model in Property Management Inc. Franchise: Services, Training & Owner Role.