Lehi-based Property Management Inc. (PMI), a franchisor of property management solutions, has shuffled its top management. Co-founder Steve Hart has moved from company president to CEO and Danessa Itaya, formerly senior vice president, has been promoted to president. The announcement was made PMI’s recent franchise conference.
The promotions will allow the company to take the business to the next level, specifically to focus on larger projects, including forming national partnerships, Hart said.
“I’ve been running PMI for 11 years and the company just finally got to the point where we’re big enough where it’s important to think on a bigger scale,” Hart said. “At PMI, we’ve been growing the franchise and selling franchises and helping those franchisees grow. Now we want to step outside of that path we’ve been on and think bigger picture. The PMI team loves Danessa and we know she’ll be great in the role of president.”
Itaya will oversee day-to-day operations in her new role, which will allow Hart to focus on projects related to the company’s vision and goals.
“I think that, as a brand, we’re perfectly situated to be able to really divide off and have Steve focus more on the strategic piece and growing PMI and taking us to the next level,” Itaya said. “We’re 11 years old and have 275-plus franchises, so now we are at the perfect time to leverage that wide footprint and tap into national brands.”
“We’re a leader in our category, but we still have a lot of growing to do and so far to go. We are excited about the larger long-term vision and helping our franchisees grow every step of the way,” Hart said.
The PMI network manages more than $5 billion in assets globally and is recognized as a leading property management franchise. It was ranked as one of the Top 100 Global Franchises in 2017 by Franchise Direct.