Property Management Inc. added 49 new franchises to its network in the first two quarters of 2017.
This expansion includes offices in the San Francisco and New Orleans markets, as well as entry into the countries of Costa Rica and Malta. These new additions join PMI's network, which has grown to over 200 franchises worldwide.
With the addition of 49 new franchises in the first six months of the year, PMI is clearly positioned to see continued record growth as the top property management franchise for the remainder of 2017. Steve Hart, President of PMI, said the company's substantial growth confirms it to be a leading choice for those looking to include property management in their business. "I credit PMI's rapid growth to the leading-edge training, support, software, and business systems we provide property managers. We are changing the face of property management and attracting a wide variety of franchise owners. Entrepreneurs, real estate professionals, people looking for a second career and established property managers all see the value of partnering with us." Property management is recognized as a growing segment of the real estate industry. Hart said the demand for property management services is there, "but, it's PMI's innovative franchise system that provides property managers the edge needed to make it a consistent revenue generating business."
According the U.S. Census Bureau's 2015 estimates, 36% of U.S. households are renting their homes and the trend is only increasing. This translates to a greater demand for rental properties and property managers. This fact is what makes property management the stable segment of the real estate industry. PMI's increasing growth proves them to be a top choice for both established property management companies and those new to the industry. Known for providing the best on-going training and support to its franchisees, PMI's franchise program provides its franchisees with a complete set of tools to succeed. This turnkey business system is what ultimately gives PMI franchise owners an advantage in the marketplace.