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Property Management Inc. franchise financing options
Compare costs, fees and where to get financing for a Property Management Inc..
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Property Management Inc. franchise may result in higher or lower fees.
Franchise feesProperty Management Inc. franchise fees total around $42,500, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$35,000 to $50,000|
|Royalty||Monthly: (i) 3.0% of brokerage and (ii) a tiered percentage of gross revenue (the greater of 7% or $300 on gross revenue up to $35,000; plus 6% of gross revenue from $35,001- $75,000; plus 5% on gross revenue above $75,001), plus (iii) 0.5% on self-owned properties of rent and leasing fees collected.|
|Estimated total||$35,000 to $50,000|
Equipment feesEquipment fees total $4,650 for Property Management Inc.. This is less than the $180,023 average for the top 200 franchises.
|Equipment and business supplies||$500 to $3,000|
|Computer hardware and software||$300 to $5,500|
|Estimated total||$800 to $8,500|
Real estate feesReal estate will set you back $3,500 for Property Management Inc., thought it's less than the average of $788,376 for the top 200 franchises.
|Rent||$0 to $1,500|
|Rental improvements||$0 to $2,500|
|Deposits||$0 to $2,500|
|Initial trust account, deposit for short-term rental operations||$500u00a0 to u00a0$1,000|
|Estimated total||$500 to $6,500|
Training feesProperty Management Inc. initial training costs total $1,900, which comes in under the nationwide average of $9,788.
|Pillar certification||$0 to $3,800|
|Estimated total||$0 to $3,800|
Marketing costsAdvertisement and marketing costs total up to $9,000 for Property Management Inc., beating out the nationwide average of $9,938.
|Local advertising expenses for three months||$4,500 to $13,500|
|Local advertising||Minimum of $1,500 per month. (Digital marketing program and social media services count toward the $1,500 per month minimum.)|
|Estimated total||$4,500 to $13,500|
Administrative feesProperty Management Inc. administrative fees total up to $90,001,310,006,050 — which comes in over the overall nationwide average of $6,761.
|PMI books||$0$0$0 to $18,000$26,200$12,100|
|Estimated total||$0 to $180,002,620,012,100|
Personnel costsUniforms, name tags and the like make up personnel costs, and for Property Management Inc. it will run you $1,750. The nationwide average cost of personnel fees comes in at $22,818, which means you'll be paying less to outfit your employees.
|EPMC conversion fee||$1,000 to $2,500|
|Estimated total||$1,000 to $2,500|
Other expensesMiscellaneous expenses for Property Management Inc. total $10,750 — less than the nationwide average of $69,970.
|Professional services||$0 to $1,500|
|Three months' additional funds||$0 to $20,000|
|Estimated total||$0 to $21,500|
How to financeSince the estimated total for Property Management Inc. is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Property Management Inc. franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Property Management Inc. about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $90,001,310,080,100 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a Property Management Inc. — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Property Management Inc. opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $41,800. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Property Management Inc. stacks upCompare how Property Management Inc. holds up against two similarly sized franchises.
|Expedia CruiseShipCenters||Property Management Inc.||Decorating Den Interiors|
|Average Franchise fees||$39,000||$42,500||NA|
|Average Equipment fees||$34,050||$4,650||NA|
|Average Real estate fees||$59,825||$3,500||NA|
|Average Training fees||$1,123||$1,900||NA|
|Average Inventory fees||NA||NA||NA|
|Average Marketing fees||NA||$9,000||NA|
|Average Licenses and permits fees||$1,000||NA||NA|
|Average Insurance fees||$1,400||NA||NA|
|Average Admin fees||NA||$90,001,310,006,050||NA|
|Average Personnel fees||NA||$1,750||NA|
|Average Other fees||$94,800||$10,750||NA|
Bottom lineProperty Management Inc. franchise costs run a total of $90,001,310,080,100. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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