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Growing Your Property Management Business: These Days, A Lot Comes Down to Software.

November 16, 2017
By Guy Lyman

Until as recently as a decade ago, growing your business was mostly about dedication: attention to detail, responsiveness, market knowledge and people skills.

But these days, a new “growth factor” has become just as important as any of these qualities: the software you use to run your business. Good software boosts customer service while drastically reducing time spent on day to day paperwork, inspections, marketing and other responsibilities – allowing you to effectively compete for new business and easily manage more doors with fewer people.

Of course, you&...


PMI Franchises Are A Great Fit For Veterans

November 10, 2017
By Brian Birdy, PMI Vice President

As a veteran of the United States Air Force, I know how the skills and discipline gained in military service prove to be invaluable when going into business after retirement. My second career was building my own property management business, and while it didn’t start out as a franchise, I can clearly see why a franchised business is a wise choice for veterans.

It is reported that Read More »


5 Ways To Use Facebook To Boost Your Property Management Business.

by Doug Heath, PMI Social Media Coordinator

Because nearly 90% of Americans actively use Facebook, the social media platform is now one of the most powerful digital marketing tools available to property managers. Just pull up Facebook, pick any business with real clout, and search their name. Not only will they have an account, you’ll find that they actively use it. If you haven’t set up a page for your property management business yet, you’re missing out on the opportunity to reach a gold mine of potential property owners.

Marketing Yoursel...

Highlights from PMI Summit 2017, Our Annual Property Management Inc. Franchisee Convention

Last week, Property Management Inc.’s franchisees, corporate employees and partner vendors came to Utah’s Rocky Mountains for our annual PMI Summit. Randall Henderson, PMI Executive Director of Training, said, “What an amazing opportunity for us to gather, learn, network, and share last week at Summit. We at corporate thoroughly enjoyed seeing so many of you there. The feedback has been incredible. Thank you for making the event so memorable!”

 PMI Summit AwardsAt the Summit Awards Gala, franchisees and others were recognized for reaching new heights of excellence for PMI. The following is a list o...

Is a Velociraptor a HOA Violation? Issuing Homeowner Association Fines to Residents

By Blake Sanford

Hey everybody! I've got a question for you. If I were to take this dinosaur and put it in my front yard would that be a violation in my Association or not?

 

via GIPHY

I am Blake Sanford. I am the Director of Association Management here at Property Management Inc., where we make property management manageable. Now about the dinosaur, is that a violation or not? Well it depends, doesn't it? And even if you know it is a violation, do you as a property manager automa...


Understanding Commercial Real Estate Leases for Property Management Professionals

by Randall Henderson

Are you wanting to add commercial properties to your property management portfolio? Whether you are an individual property manager or own a property management franchise, expanding into the commercial market is a great way to grow your business.

Vocabulary, Vocabulary, Vocabulary

Commercial management may seem a little intimidating compared to residential but the first step is understanding the vocabulary. Once you have that down, then the rest is easy. My recommendation is to find a commercial property glossary and make that your study guide as you ramp up. The fi...


Pets and Property Management: The Overlooked Benefits of Having Pet Friendly Properties.

by Brian Birdy, NARPM 2017 President Elect

To allow or not to allow pets! Many property management professionals feel that pets are a problem and that no owner wants to have pets living at their properties. I believe as a property manager, it is our role to make sure owners understand where pets fit into the rental process and how having pet friendly rental properties benefit them and add value to their rental property.

Benefits of Making Your Rental Property Pet Friendly

The first thing that being pet friendly do...


Want to sell your property? Use a 1031 Exchange

Did you know that if you own a property that is not your primary residence, you are actually classified by the IRS as somewhat of an investor? This makes selling your property just a bit tricky, especially when it comes to the taxes which come along with it. In such cases, a large portion of your profit from the sale of the property is owned to the IRS, and is called a capital gains tax. Because of this capital gains tax, property owners are left with less profit when it comes time to sale their property.

If you want to avoid these capital gains losses, there’s a way to do so; using the 1031 exchange. Under Section 10...


PMI Blog ยป Property Management Inc. Named to Entrepreneur Magazine's Best of the Best Franchises Li...

LEHI, Utah, May 5, 2017 /PRNewswire/ -- Property Management Inc.(PMI) was recently included in Entrepreneur magazine's Best of the Best Franchises list, which recognizes the 105 companies that ranked at the top of their industry categories in Entrepreneur's 2017 Franchise 500® ranking.

View full press release

Randall Henderson, Executive Director of Training and Support, said, "When someone invests in a PMI franchise, our goal is to provide them ...


Vacation Home Property Management

Vacation rentals are steadily rising in popularity as vacationers are drawn to a more relaxed home setting in a local atmosphere as a cost effective alternative to a single hotel room in a bustling tourist district. The market is swarmed with up and coming vacation rentals and it can be difficult to find a rental that is what it claims to be online, there are many horror stories of nightmare stays and unreasonable homeowners. Luckily there have been enough positive experiences for both homeowners and tenants to keep the bad apples from deterring this booming market.

Why book a Vacation Rental through a Property Management Comp...


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