Franchisee: Jose and Lyndsey Pachon
Nexus Property Management | 251 South Main St., Fall River
The pitch: Nexus Property Management, with a corporate office based in Pawtucket, is a full-service company that offers expertise and services, such as maintenance, collections, leasing and advertising, to property managers. Tenants can pay rents through Nexus’ online portal. The Fall River location is the first franchise to open in New England.
Years in business: Opened in December 2017
Employees: Seven
Cost to obtain franchise: $25,000 one-time startup fee
Before opening franchise: Lyndsey Pachon, now a real estate broker, was a biology teacher for a charter school in Providence and taught in South Florida. Jose Pachon was a professional poker player.
Reason for opening: Jose Pachon was seeking a career change after poker. While lucrative, he could no longer increase his income playing locally. Through his poker playing, Pachon met Nexus founder and CEO Nicholas D’Agnillo and the business relationship built from there.
“I read everything I could get my hands on to learn how franchises work. So, educating yourself and learning how franchises work … can give you a good perspective on how to compare franchise opportunities. You need to educate yourself as much as possible and become well-versed in the legal aspects of it.”
– Jose Pachon
“It’s been interesting and rewarding to work with our clients to help grow their portfolios. It’s a really diverse group of clients that we have. Many of them are hardworking people looking to invest their capital and build a future for their families. They are really turning to us and trusting us with their livelihood. We just hope to create a profitable situation for them.”
– Lyndsey Pachon
“Just watching Nick [D’Agnillo] from a couple of multifamily homes of his own to a property-management company with 600 units, watching his success and learning his company philosophy, and once we decided to franchise, it was a time for Jose and I to take our assets and turn it into a long-term investment and career move for the both of us.”
– Lyndsey Pachon
