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Below is an in-depth analysis and side-by-side comparison of Property Management Inc. vs Nexus Property Management including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $42,550 - $166,600 | $50,350 - $106,250 |
Franchise Fee | $15,000 - $50,000 | $25,000 |
Royalty Fee | 7% | 6% +2% |
Advertising Fee | up to2% | 1% |
Year Founded | 2008 | 2012 |
Year Franchised | 2008 | 2017 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | $100K Net Worth |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | On-The-Job Training: 47-73 hours Classroom Training: 31 hours Additional Training: Online training | We include a weeks worth of training at our headquarters to teach franchisees everything they need to know in order to run a Nexus office. |
Support | The goal of our system is to enable our franchise owners to focus on the things that work and avoid costly and time consuming mistakes. PMI has trained and experienced people who will train you in every aspect of the business. There are people to call for help. There are people who will come to your place of business to show you the way. When you are successful, Property Management Inc. is successful. Our comprehensive training and support package ensures our franchisees are fully equipped to launch and develop their PMI business. Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | We offer 24/7 ongoing support in regards to questions/concerns/feedback/suggestions/etc. We will also send a Nexus representative to assist the franchisee with their office grand opening. |
Marketing | Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app | - |
Operations | Absentee Ownership Allowed Number of Employees Required to Run: 1 | Property Management, Leasing, Maintenance, Investment Realty |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | Yes | - |
PROPERTY MANAGEMENT. The property management industry is one of the fastest growing industries in the nation. Regardless of whether or not the real estate market is strong or weak, non-owner occupied or investor owned properties require a knowledgeable and capable property management company. With a PMI franchise, you can provide valuable and profitable services to the multi-trillion dollar real estate industry. Property management services include, but are not limited to: advice and assistance in leasing real property, communications with tenant and landlord, collecting rent, setting up and overseeing repair and maintenance contracts and tenant improvement contracts, real estate brokerage services, inspections, paying bills, handling evictions and monthly, quarterly and annual financial reports.
You don't need a background in real estate or property management to be successful with PMI. We have done the work, tested the procedures and proven that the system works. A PMI franchise allows someone with a little or a lot of real estate experience to build a thriving business using our system. You can totally change careers without years of schooling or apprenticeship or research. PMI does not require that its franchisees have prior property management or real estate experience. Instead of an industry experience requirement, PMI requires that its franchisees are effective at motivating employees, converting leads into contracts, and running the day-to-day operations as efficiently as possible
Property Management Incorporated has developed a system for establishing, operating, and marketing a franchised property management services company. We provide franchisees with an opportunity to operate a property management business, in a specific geographic area using our name, logo and other copyrighted materials, operating procedures, marketing methods and materials, proprietary property management process and system, customer reporting procedures, operating manuals and software solutions. Your PMI Office will provide property management, leasing and real estate brokerage services to the following sectors: residential, retail, commercial and industrial.