FILING · MN · 2026 FDD
Property Management Inc. FDD (Franchise Disclosure Document) — 2026
The FDD is the 23-item legal disclosure every U.S. franchisor must hand you at least 14 days before you sign or pay anything (FTC Franchise Rule, 16 CFR 436). Property Management Inc.'s most recent FDD tracked here is the 2026 FDD, filed with the Minnesota Department of Commerce (public CARDS portal). Registration-state filings are public records, so you can read it free, with no sign-up.
PUBLIC RECORD · FILED 2026 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $69,900 |
| ITEM 6 | Ongoing royalty | 7.0% of gross sales |
| ITEM 7 | Total initial investment | $102K–$166K |
| ITEM 3 | Disclosed litigation matters | 0 |
| ITEM 19 | Earnings disclosure (FPR) | Yes — financial performance representation made |
| ITEM 20 | Outlets (fiscal 2025) | 406 franchised at year end · 50 exits (exit rate 12.5%, fiscal 2025) |
| ITEM 21 | Franchisor financial statements | Unmodified (clean) opinion — Kezos & Dunlavy |
The headline figure is Average Revenue per Property (Residential door) for Calendar 2025, for 239 of 408 units, leaving out Residential franchises with no Doors or incomplete data, Association franchises with no Associations or incomplete data, Short-Term franchises with no Keys or incomplete data and others. It is not an annual per-outlet figure, so we don't treat it as unit revenue. It shows no costs, so it says nothing about what an owner keeps.
Graded on three things the filing states: coverage (2 points if the figure covers at least 75% of the units it is compared with, 1 point for 50–75%), centre (2 points if it prints both a median and a mean, 1 for one of them), and costs (2 points for costs through a profit line or full cost detail, 1 for some cost items). 5–6 points = More complete, 3–4 = Partial, 0–2 = Limited. The grade describes the disclosure, not the business.
| What is measured | Average Revenue per Property (Residential door) (revenue; not an annual per-outlet figure) |
| Period | Calendar 2025 |
| Whose results | Franchised outlets |
| Units included | 239 of 408 total locations as of Dec 31, 2025 |
| Left out |
|
| Average (mean) | printed, but not an annual per-outlet figure |
| Median | printed, but not an annual per-outlet figure |
| Costs shown | None — sales only |
| Where | p. 58 (Item 19 runs pp. 57–60) |
| The filing's words | “We included a total of 239 franchises in the Residential Analysis above. The actual range for the revenue/door was $183 - $18,492.” |
Kezos & Dunlavy gave an unmodified (clean) opinion on the statements in the 2026 FDD.
Audit opinion
Unmodified (clean) opinion
Kezos & Dunlavy
Revenue · FY2025
$20.2M
extracted · not cross-checked
Net income · FY2025
$5.1M
extracted · not cross-checked
Where FY2025 revenue came from
32% royalties
initial-fee share not extracted
- Fiscal years covered: FY2025 (2026 FDD)
- Statements are for: not extracted
- Parent / owner: not identified in the statements
| Fiscal year | FY2025 |
|---|---|
| Total revenue | $20.2Mextracted · not cross-checked |
| Royalty revenue | $6.4Mextracted · not cross-checked |
| Net income (loss) | $5.1Mextracted · not cross-checked |
How to read this: royalties recur as long as franchisees trade; initial and development fees arrive only when new franchises are sold. A franchisor whose revenue leans on initial fees is funding itself by selling territories, and that revenue stops when sales slow. Under ASC 606 most franchisors recognize initial fees over the agreement term, so the line understates the cash collected in a strong selling year. Ad-fund revenue, where reported, is included in total revenue as the statements present it.
Each figure links to its page in the filed PDF. “Matched to statement” means our extraction and a second, rule-based read of the statement page agree; “extracted · not cross-checked” means the statement page is a scanned image or could not be read as text. Figures we could not place on a consistent scale are withheld, not guessed. Spotted an error? Report a correction.
Every figure above was extracted by software from the 2026 Property Management Inc. FDD as filed (figures are not individually checked by a person) and links back to that document. Fields that could not be extracted are omitted; no figure here is estimated. Extraction errors are possible: the filing controls, and FDDs are reissued annually; verify against the current issuance before relying on any number. Spotted an error? Franchisors and owners can report it via the contact on our Terms page.
Property Management Inc. FDD questions, answered
Where can I download the Property Management Inc. FDD for free?
Property Management Inc.'s 2026 Franchise Disclosure Document is a public record, filed with the Minnesota Department of Commerce (public CARDS portal). It can be downloaded free from the source link on this page — no broker form, no email signup required.
What year is Property Management Inc.'s most recent FDD on file?
The most recent Property Management Inc. FDD tracked here is the 2026 FDD, filed with the Minnesota Department of Commerce (public CARDS portal). Franchisors must update their FDD annually; confirm you are reading the current issuance before signing.
Does Property Management Inc.'s FDD disclose earnings (Item 19)?
Yes — Property Management Inc. makes a financial performance representation in Item 19 of its 2026 FDD. Read the basis fine print: franchisors choose which units and metrics to include.
What does Property Management Inc.'s FDD Item 20 show?
In fiscal 2025, Property Management Inc. ended with 406 franchised outlets; 50 of 399 open at the start of the year left the system (exit rate 12.5%, fiscal 2025) through terminations, non-renewals, and "ceased operations — other reasons".
The Property Management Inc. validation checklist
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