Property Management

What Property Management does

Property Management Inc. (PMI) is a property management franchisor headquartered in Lehi, Utah, founded in 2008 by Steve Hart. The company operates the world's largest property management franchise network, with over 400 independently owned and operated offices across the United States delivering services under five pillars: residential, multifamily, commercial, association (HOA), and short-term rental management, supplemented by realty and brokerage services. End customers range from individual landlords and mom-and-pop residential investors to mid-tier multifamily syndicators, commercial property owners, homeowner associations, and short-term rental hosts; PMI manages more than $5 billion in assets and oversees 50,000+ properties in its association platform.

PMI's technology backbone is built around Rentvine as the core property management software for listing syndication, tenant tracking, and accounting across all franchise locations. Differentiated service features include the proprietary Ready-Select-Protect-Renew process, advanced tenant screening (credit, criminal, eviction, sex offender searches), 24/7 owner and tenant portals, an On-Time Rent Guarantee (payment by the 10th business day or the month is free), and an Eviction Protection Plan covering up to $2,000 in costs for PMI-placed tenants. The technology stack is augmented by a national partner ecosystem spanning financing (Kiavi, CINC Capital, Enterprise Bank & Trust), software (LeadSimple, Nectar, Vodyssey, Axela, Guesty, BeHome247, CredHub), and the new agentic Owner Experience Platform from Blanket, plus WanderOS powering PMI Global Stays, the company's own online travel agency for direct short-term rental bookings.

The business model is asset-light and franchise-driven. PMI earns upfront franchise fees and ongoing royalties from franchisees who deliver managed services — marketing, tenant screening, rent collection, maintenance coordination, and accounting — to property owners under monthly quote-based pricing set locally by each franchisee. Revenue is supplemented by corporate-owned locations (PMI Southwest Florida, PMI Midwest) grown through tuck-in acquisitions, a referral program for real estate agents, and direct-to-consumer lead generation through free calculators, rental analysis, and the new nationwide 'House and Chain' advertising campaign. Distribution is omnichannel: 400+ franchise offices, a website with 'Find a Property Manager' tools, and an active social and content presence. PMI is privately held, founder-controlled, and has not raised external institutional capital.

Name

Property Management

Legal name

Property Management Inc.

Website

https://propertymanagementinc.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Property Management Inc. is a Lehi, Utah-based franchisor of the world's largest property management network, with 400+ offices across the US delivering residential, multifamily, commercial, HOA, and short-term rental management services to individual property owners, investors, and associations under the PMI brand.

Ownership category

akta.pro rank

Product category

Property Management Services

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Owner Services, Reporting & Portfolio Administration (THAMAKAI)

akta.pro secondary industry

Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)

Keywords

• Residential property management
• Commercial property management
• Association management
• Franchise property management
• Short-term rental management

Headquarters

HQ city

Lehi

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Franchise Fees and Royalties: PMI generates revenue through franchise fees and ongoing royalties from its network of independently owned and operated franchise offices. Franchisees pay for the right to use the PMI brand, systems, training, and support. The franchise model provides multiple revenue streams including residential, commercial, association, and short-term rental management services.
2. Property Management Services: PMI franchisees provide property management services including marketing, tenant screening, rent collection, maintenance coordination, and accounting to property owners. Services span residential (single-family homes, duplexes, fourplexes), multifamily, commercial, association/HOA, and short-term rental properties.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Property Management Inc. (PMI) is the world's largest property management franchisor, delivering full-service property management across five pillars: residential, multifamily, commercial, association (HOA), and short-term rental management, supplemented by realty/brokerage services. PMI distributes these services through a network of 400+ independently owned and operated franchise offices across the United States, supported by the Rentvine property management software platform, listing syndication to Zillow and Trulia, advanced tenant screening, and 24/7 online owner and tenant portals. Revenue is generated through franchise fees and royalties from the franchise network and management fees collected by franchisees from property owners.

Product overview

Property Management Inc. (PMI) operates as a property management franchisor offering five core service pillars: residential, multifamily, commercial, association, and short-term rental management, supplemented by realty/brokerage services. The company operates through independently owned franchise offices (over 400 locations) supported by centralized systems and Rentvine property management software for listing syndication. Service differentiation includes guarantees (On-Time Rent Guarantee, Eviction Protection Plan), online portals (24/7 Tenant and Owner portals), and financial tools (ROI Calculator, Rent vs. Sell Calculator, Vacancy Loss Calculator, Free Rental Analysis). The short-term rental pillar is supported by WanderOS technology powering PMI Global Stays, the company's online travel agency. Franchise model offers four integrated businesses (residential, commercial, association, short-term rental) with training, accounting, and marketing support, plus in-house acquisition services for franchise growth.

Differentiator

Problem solved

Functional benefit

Brands

• PMI Global Stays: PMI's online travel agency and short-term rental booking platform, powering direct booking capabilities for franchise partners.
• PMI Cares

Products and services

• Residential Property Management Full-service residential property management for single-family homes, duplexes, fourplexes, and small 10-unit properties. Includes marketing, tenant screening, rent collection, maintenance coordination, and financial reporting. Designed for landlords, small-scale portfolio investors, and out-of-state property owners.
• Multifamily Property Management Full-service management solutions for mid-market multifamily assets including low- and mid-rise buildings and stabilized or value-add assets. Designed for mid-tier investors, small syndicators, and private investors, focused on NOI optimization, operational efficiency, and long-term asset performance.
• Commercial Property Management Business-to-business commercial property management including lease negotiations, property maintenance, highest-and-best-use analysis, financial tools, property preservation planning, lease administration, and capital improvement management with personalized performance reports.
• Association (HOA) Property Management Custom-designed association and community management solutions for homeowners' associations, including financial management, compliance inspections, board meetings, work orders, and board/homeowner surveys to maintain community relationships.
• Short-Term Rental Management Vacation rental management with services ranging from maintenance to concierge, including property adaptation, staging, 3D virtual tours, HD photography, multi-channel marketing across Airbnb, VRBO, HomeAway, and Booking.com, and 24/7 local support.
• Realty Services

Quantifiable outcome

• Over $5 billion of assets under management
• +4 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Wander/WanderOScoreTechnology or Integration · 15 June 2026Partnership with Wander, the leading travel marketplace for vacation homes. WanderOS platform provides conversion-optimized direct booking websites, automated guest marketing, and AI-powered distribution. WanderOS has powered over $75M in bookings across 5,000+ properties. This partnership supports PMI's Short-Term Rental pillar and will provide the foundation for PMI Global Stays.
• BlanketcoreTechnology or Integration · 21 May 2026Strategic partnership with Blanket, an agentic Owner Experience Platform for residential property managers. The partnership enables PMI to offer enhanced transparency, improved communication, and data-driven client experience to property owners. Blanket uses AI to help property managers reduce owner churn, unlock new revenue opportunities, and deliver performance management. Blanket supports over $30B in Assets Under Management on its platform.
• XplorieminorGTM or Marketing Partner · 8 December 2025Partnership with Xplorie, the nation's leading provider of free-to-guest activity programs for lodging brands. The partnership delivers premier local experiences to travelers staying at PMI-managed short-term rentals. Xplorie serves 170+ lodging providers representing 24,000 rental units in 70+ destinations.
• sojominorOthersVendor partnership with sojo, a leading provider of amenity and restocking solutions for short-term rental operators. sojo supports PMI franchisees with streamlined delivery of short-term rental amenities.
• CredHubminorGTM or Marketing PartnerPartnership with CredHub to offer credit-building opportunities to residents of PMI-managed properties. CredHub is a leader in rental credit reporting solutions.
• RentvinecoreTechnology or IntegrationSelected as PMI's property management software platform. Rentvine provides comprehensive property management capabilities including listing syndication, tenant management, and accounting.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• FirstService Residential: Largest residential property management company in North America managing over 1.5M homes. Directly comparable to PMI's residential pillar and competes in HOA/association management as well.
• CAMS (Community Association Management Services): Large-scale HOA and community association management company. Direct peer to PMI's association management pillar, serving homeowner associations with similar board support and financial reporting services.
• Asset Living: Third-largest multifamily property manager in the US with 1,800+ properties under management. Comparable to PMI across residential, multifamily, and student housing management with similar institutional focus.
• RPM Living: Full-service multifamily property management company managing over 200,000 units across the US. Direct competitor to PMI's multifamily pillar with similar NOI optimization focus and mid-market investor orientation.
• Vacasa: Largest US vacation rental management company. Directly comparable to PMI's short-term rental pillar and PMI Global Stays, both targeting STR owners with full-service management and direct booking capabilities.
• Evolve Vacation Rental: Tech-enabled vacation rental manager with nationwide footprint. Comparable to PMI's STR pillar as a professional management alternative to self-managing short-term rental owners.

Others

• Yardi Systems: Major property management software provider serving residential, multifamily, and commercial operators. Comparable technology stack to PMI's Rentvine platform, with broader scale and longer market history.
• AppFolio: Leading cloud-based property management software platform serving residential and commercial PMs. Comparable to PMI's technology stack (Rentvine) and represents competitive threat as a tech-enabled alternative to traditional PM services.
• Compass (Real Estate Brokerage): National real estate brokerage with technology platform and agent network. Comparable to PMI's realty services line and adjacent through shared customer base of property investors and landlords.

Broad incumbents

• Greystar Real Estate Partners: World's largest multifamily property management and investment firm, managing over $320B in real estate. Comparable to PMI's multifamily and commercial pillars as the dominant scaled operator in the property management services space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/propertymgmtinc
• YouTubeyoutube.com/@pmicorp
• Facebookfacebook.com/propertymanagementinc
• LinkedInlinkedin.com/company/property-management-inc-
• Instagraminstagram.com/pmicorporate
• TikToktiktok.com/@pmicorporate
• Pinterestpinterest.com/propertymgmtinc

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Property Management