Redstones Property Management

How to ‘winter-proof’ your property

As a tenant or home owner, it’s worth thinking about how you can ‘winter-proof’ your property, so that you are well-prepared regardless of what the unpredictable British weather decides to throw at us!

Here are 5 easy to do tips:

  • To prepare for the expense of Christmas, why not compare utility providers to see if you can get any better deals? Remember that bills are always higher in Winter and good deals are available.
  • Are any of your rooms prone to damp? Before the cold weather really sets in, move all furniture away from walls to allow air to circulate better.
  • If your garden furniture or any other objects such as potted plants are still in the garden, make sure you keep them covered in a garage or shed to avoid the ravages of winter weather.
  • Cracked and burst pipes can be prevented by ensuring an even temperature in your home. Set your thermostat at a lower temperature when nobody is at home and set it to gradually rise just before the evening.
  • Consider draught excluders to keep the heat in for doors or even a draught-excluding letter box!

Here are some bigger tasks that are worth considering too:

  • Get your boiler serviced, clean the guttering from leaves and bleed your radiators if necessary before it gets too cold.
  • Don’t forget to check your roof! Cracked or broken tiles let water in, leading to damp, so it’s worth getting a professional in to check if you’re concerned.
  • Ensure that your home is as well insulated as it can be to keep the heat in and to save money. Windows and doors should be double-glazed and the walls and loft could benefit from cavity insulation. Keeping damp and mould at bay is the key.
  • To prevent too many leaves from falling or even branches falling onto your home or car as the weather gets very cold, prune back any large trees that reside close to your property or driveway.

Some forward thinking and vigilance is all you need to assure yourself that you’re keeping your home warm and safe.

Alternatively, if you’re considering a new home to buy or for renting this winter or beyond, Redstones has a great selection available.

Redstones Network Meeting 025

New year, new start – buy a Redstones franchise

Like many people, with the end of the year in sight, are you starting to re-evaluate your career?

If you want the new year to truly mean a new start, becoming a business owner as a new Redstones franchisee is one of the best career decisions you’re ever likely to make.

In stark contrast to being an employee, owning your own business gives you more control of your career and work-life balance. Many people feel daunted by making such a move. However, with Redstones you wouldn’t be on your own.

Redstones offers all new franchisees initial training and ongoing support to help them achieve their business plan. With a tried and tested business model, franchises are much more likely to succeed than independent businesses. In fact, 9 in 10 franchises report profitability.

Due diligence is very important, so we recommend that you speak to us and find out all you can before making this big decision in the new year. If you find yourself answering yes or positively to all of the following questions, we definitely need to talk:

  1. Are you currently working or have you previously worked in the property industry? For a business to succeed, prior knowledge and a real passion for property is very beneficial.
  2. Do you think becoming a Redstones franchisee could give you the career satisfaction you may be lacking right now? Research and speaking to other franchisees is the only way to find out.
  3. How do you rate your relationship building and communication skills? These are crucial skills for any business owner.
  4. How ambitious are you? For hard-working franchisees, we offer plenty of opportunities for business acquisition and growth in the future.
  5. Do you believe that Redstones could offer you the work/life balance or other career benefits you are currently lacking?

For many of our franchisees, joining Redstones has turned out to be their best career decision yet. As Richmond Franchisee, Brinder Bains states,The feeling of being part of a national organisation is definitely a great one for me. I have all the independence of running my own business but with the support of a recognised national brand. When someone tells me they have ‘heard of Redstones’ it is a real boost and affirmation of my decision to join.  Redstones has a solid reputation in a tough market for its commitment to customer service and attention to detail.”

To find out more about how you can transform your career and become a Redstones franchisee, visit our Franchise website, call 01922 235 350 or email franchise@redstones.co.uk    

Franchise security

Sources of franchise funding

Whenever you are seeking to secure funding for a franchise, a business plan is essential to prove any type of lender that your business is worth investing in. However, it’s worth appreciating that there are a wide range of investors out there, other than banks, that can help you to set up a franchise business.

These sources of funding include:

Grants – Grants cover a broad range of sectors, related to business location, size and industry, as well as specific problems in the local area. UK government bodies that offer grants include Department for Business, Innovation and Skills, Department for Employment and Learning, Charities and Local Authorities. Some specific grants target women, young people, over 50’s and entrepreneurs with a disability. A grant can be an option once your business is up and running, as well as for capital at the initial start-up phase.

The New Enterprise Allowance – Those on Jobseeker’s Allowance for three or more months and may be eligible for the New Enterprise Allowance, which awards small loans to help those with a business idea with their start-up costs. The maximum amount awarded is £1,000 so this route is more suited to those with low start-up costs.

Community Development Finance Institutions (CDFIs) – These are independent organisations that encourage and create wealth in communities that are disadvantaged by providing individuals and small businesses with loans.

Crowd funding – There is now a growing trend to source funding from several investors through private websites. For example, Funding Circle allows business owners to pitch their business to potential investors, meaning that they can choose from a range of investors and can compare interest rates.

Friends and family – If you are fortunate enough to have this type of assistance, you still need to have a contractual agreement in place, stating when you will repay the money and what, if any, interest you will pay.

Angel investors – Business Angels are high net worth individuals interested in investing in businesses with a high potential to grow. Usually a business angel will have experience of the industry and will share their expertise. To search for a Business Angel, try the UK Business Angels Association.

Government Schemes – The HMRC Enterprise Investment Scheme and the Seed Enterprise Investment Scheme offer tax relief to investors, including income tax and capital gains tax relief.

The total cost of setting up a Redstones office is around £20,000, including a franchise fee of £9,995 and full training. For further information, visit our Franchise website.

Redstones Shop

Supporting women in franchising

There has been much reported about the fact that despite evidence of girls outperforming boys at almost every level at school and the call to get more women into leadership positions, women are not always where they should be in the employment or business world.

Women started out as a minority group in franchising, but they are increasingly taking a much bigger role and franchises of all types, including Redstones, are actively seeking women who we believe have the perfect skills for running a successful franchise operation.

The number of female franchisees in the UK has been steadily increasing over the last 25 years, with 30% of all UK franchisees now being operated by women. In fact, 4 of the last 7 individual winners of the bfa HSBC Franchisee of the Year Award have been women.

Franchising is attractive for many women due to the flexibility and independence it offers, as well as the chance to follow their passions. Franchising can be ideal for women who are looking to take their career a step further or for those who want opportunities that fit around their home life. Many women also enjoy being part of a franchising community, where mentorship and sharing tips for success is encouraged.

At Redstones, we don’t believe in the ‘old boy’s network’. MD of Redstones Manjit Virdi says, “I know that there are many talented female property professionals currently in employment who would really thrive if they were managing their own business. It’s important for us at Redstones to encourage potential female franchisees to come forward and find out all the great benefits a Redstones franchise has to offer for their career.”

For further information, visit our Franchise website, call 01922 235 350 or email franchise@redstones.co.uk

redstones houses

How Redstones franchisees are going for growth

Many of our franchisees are impressed that Redstones doesn’t just help them to establish their business, we also help them to continuously grow.

Our skilled Business Acquisition team help franchisees to flourish by advising them on acquiring existing property companies, property portfolios and letting databases, which are a good fit for their current business model.

Our Telford franchisee Manj Singh recently purchased a lettings portfolio to expand his existing business. He said, “The Business Acquisition team at Redstones were extremely helpful and it’s fantastic that they are supporting the ambitions of franchisees like me who are hungry to learn and expand their business.”

In fact, many new franchisees understand the importance of support for business growth and this is often a key consideration when considering a new franchise. Hale & Altrincham franchisee Earle Kenlay says, “I decided upon Redstones due to their business terms and the size of territory on offer, as well as the subsequent scope of the business, which was far better than the rest.”

The team guide franchisees through the entire acquisition process, finding businesses or lettings databases that are the best fit for the franchisee, financing business deals and managing the legal process.

Services include the appointment of an Operations Specialist, who shares knowledge and advice during the initial stage, as well as offering valuable guidance through the critical stages of launch and expansion.

Also, in contrast to similar comparable services, Redstones are extremely fair on fees as of course, it is in our best interests too to see franchisees achieve their ambitions to grow.

For further information, contact the Business Acquisition team on 01922 235 350, e-mail franchise@redstones.co.uk or visit www.redstonesfranchise.co.uk

Redstones Buyers

How our property franchise helps parents achieve work-life balance

If you are a parent, you will understand the importance of quality time with your family. Nowadays, it’s common for mothers to be at work and in fact, in a third of working families, the woman is the sole or main breadwinner.

With mothers shouldering this type of financial responsibility, combined with the difficulty of juggling childcare with work, a franchise business can offer the flexibility that comes with being your own boss.

Many franchises offer home working options and the many advantages of running your own business includes the much needed flexibility to manage the schedule of family life, so that appointments and other commitments can be accommodated.

With a franchise, there is an opportunity to set your own hours and work around family. For parents that have taken time out of their careers to raise a family, it also gives them a chance to build a business and enter the world of work again in a flexible fashion.

But in contrast to setting up another type of business, with a franchise you are not starting completely from scratch. This is a difficult option for families who are reliant on a regular income. In contrast, a franchise such as our Redstones property franchise, provides an established, proven business model, along with plenty of expert training and support to ensure your success.

Redstone’s Managing Director Manjit Virdi says, “There’s no denying that building a business to profitability requires hard work and dedication. However, most parents certainly know the meaning of that! In my own experience and those of my franchisees, we have found that building a business in a way that works around family is an extremely rewarding experience.”

In contrast to many other property franchises, Redstones offers large territories of at least 100,000 households, low set up costs and opportunities to expand throughout the UK. Our active support includes providing new franchisees that join our network in 2016 with the Redstones Marketing Ready Package, worth over £7,000.

For further information, visit our Franchise website, call 01922 235 350 or email franchise@redstones.co.uk

Redstones Walsall Head Office

How our new franchisees are getting ‘marketing ready’

Any business owner knows that a company cannot grow and thrive without the right marketing strategy. The property industry, like many, is all about getting ‘customers through the door’.

Nowadays, that doesn’t just mean physically. Online customers are just as valuable. That’s why the Redstones Marketing Ready Package offers an effective online presence, including landlord data targeted to specific areas, in addition to SEO, Google Adwords, a new microsite with social media channels, a local property blog and marketing materials.

Recognising the importance of marketing, we are providing all new franchisees that join us in 2016 with a FREE Redstones Marketing Ready Package, worth over £7,000.

The Marketing Ready package helps franchisees to promote their business through social media, portal advertising, SEO, Pay-Per-Click and 3D floor plans, as well as through the more traditional techniques of relationship building and word of mouth.

The package helps franchisees to build a strong reputation in their area, as well as stimulating sales and strong relationships with property owners, landlords and tenants.

Managing Director of Redstones, Manjit Virdi explains, “Redstones is keen to support franchisees in any way that we can and our Marketing Ready Package is a crucial element of our business model. Marketing is the lifeblood of all new businesses and through the cutting-edge techniques we deploy, we are helping franchisees to match their services to the demands of the market.”

The Redstones Marketing Ready Package is one of many methods used to support new franchisees. For further information, visit our Franchise website, call 01922 235 350 or email franchise@redstones.co.uk

Redstones Management Team

Are you our next Redstones Academy Apprentice?

With ‘The Apprentice’ back on our screens, it’s a timely reminder that Redstones is recruiting for a new apprentice too!

Those with the knowledge, skills, vision and ambition to run their dream estate agency and letting business can win a FREE franchise territory to open their own successful estate agency. All franchisees gain the full support of Redstones, in terms of our coveted business model to ensure their new business succeeds.

We welcome candidates who are existing property professionals or business owners interested in
re-branding to Redstones, with a minimum of two year’s industry experience. With an understanding of business development and client relationship building, candidates also require sufficient funds to maintain their success after the business is launched.

Just like the TV show, candidates must be prepared to enter a competitive selection process and prove why they should be our next Redstones Academy Apprentice.

Managing Director of Redstones, Manjit Virdi explains, “In the past, our Redstones Academy Apprentice initiative has been a great way for us to help talented professionals establish or grow their business. This is a great opportunity and we’re really looking forward to reviewing some new entries.”
All applicants need to complete an application form, send us your CV and will be required to conduct a presentation and participate in an interview.

Don’t miss out on this great opportunity. If you think you’re our next apprentice, call 01922 235 350 or e-mail franchise@redstones.co.uk. Quote ‘Redstones Academy’ for further information and to request an application form.

Redstones Network Meeting 034

Meet our Redstones MD to kickstart your business journey

Have you ever considered working for yourself and running your own property business? If you have an interest or experience in property management, it may not be as complicated as you think to establish yourself and experience success.

Many people find the whole process of setting up and running a business daunting but it needn’t be. The advantages far outweigh any issues for many who take the time to research appropriate business opportunities to find out whether they would suit them.

The process of finding the right franchise, also known as ‘due diligence’ is absolutely crucial to ensure that the business opportunity in mind is affordable in terms of set up costs, aligned to your interests and motivations and of course, whether it can deliver the level of profitability you would expect.

Our territories are comprised of at least 100,000 households, with low set up costs and opportunities to expand.

As well as a trusted brand name, we offer continuous help and support to ensure that your business succeeds – support that comes directly from our Managing Director Manjit Virdi, who is extremely approachable and someone that our franchisees have come to rely upon. This is in direct contrast to many other franchises, where the MD is not quite as visible.

Brinder Bains of Redstones Richmond says, “We were able to speak directly to Manjit Virdi, the owner of Redstones before making a decision to join the franchise, which gave us greater insight into the business and helped me to make the right decision, which was to join this prospering property company as a franchisee.”

We’ve had such great feedback from new franchisees on Manjit’s communication style that we’ve now introduced special ‘Meet the MD’ slots for potential franchisees who would like a one to one, no obligation meeting with Manjit.

Interested individuals should email Manjit directly with the email reference ‘Meet the MD’ via m.virdi@redstones.co.uk

Also, for further information on our franchise opportunities, visit our Franchise website.

Redstones Houses

The impact of school performance on property prices

Nationally, figures have been released that reveal that house buyers are prepared to pay more to live near high performing schools. This could also offer landlords great opportunities, if they take this into consideration.

Research from Lloyds Bank has revealed that parents pay an average of £53,000 extra to live in such areas. This figure has increased by 31% or £13,000 on 2015. Where pupils are achieving the strongest GCSE results, average property prices have soared to £366,744.

The research demonstrates that average house prices in areas with a state school in the top 30 of exam results have soared by £76,000 since 2011 and seven of the areas covered in the survey have seen house prices rise by over £100,000 since 2011.

Parents who manage to secured a place for their child at a leading school have seen prices rise from an average of £290,683 to £366,744 over the last five years. This represents a significant increase of 26%. This is in contrast to average house price increases in England, which have increased by £42,145 over the past 5 years from £240,208 to £282,353. This is an increase of 18%.

Of course, the popularity of areas close to high performing schools means that some buyers will be ‘priced out’. However, for landlords or buy to let investors, it could represent a great opportunity.

Director of Redstones, Manjit Virdi says, “This research shows the importance that parents place on living near top performing schools. For any landlords with properties in such areas, this should be reflected in their rents and for landlords looking to expand their property portfolios, checking academic league tables as part of their research would be a wise move.”