LEHI, Utah, June 26, 2017 /PRNewswire/ -- Property Management Inc.(PMI), one of the fastest growing real estate management franchises 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.
About Property Management Inc.
Property Management Inc. is a property management and real estate services company providing leading-edge technology, training, systems and support to more than 200 franchises. The PMI franchise network manages more than $4 billion in assets globally and has been recognized as a leading property management franchise. PMI's innovative franchise program gives franchise owners the tools for success and provides the competitive advantage required to succeed in the property management industry. PMI has been ranked on the Entrepreneur Franchise 500 list for three years running, is currently named "Best in Category" for 2017 and listed as one of the Top 100 Fastest Growing Franchises. Additionally, PMI was ranked as one of the Top 100 Global Franchises in 2017 by Franchise Direct. For more information, please visit PropertyManagementInc.com.
Cassie Gross, Public Relations Specialist
Property Management Inc.
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SOURCE Property Management Inc.