The property franchise dilemmas you can avoid

If you’re looking for a property management franchise, there are certain dilemmas that you will certainly want to avoid!

These include ensuring that you’re not paying a fortune upfront. Some property management franchisors expect new franchisees to spend as much as £150K to set up in business. That’s a huge initial payment, considering you haven’t earned anything yet! At Redstones, our fees are much fairer. In fact, we’re currently offering 10 successful applicants the opportunity to take advantage of a reduced franchise fee (£9,995 rather than £14,995) if they complete their application form by 30th June 2016.

Why not come and see us at our Open Day on the 25th June in Walsall.

To register please visit www.redstonesopendays.co.uk

Higher costs are often associated with a high street presence. At Redstones, we’ve proved that an on-line business model can work exceptionally well, as long as the right IT systems are in place to manage all business operations. We have the best systems in the business at Redstones, making the process of managing tenants and landlords, as well as accounting much easier.

Of course, it is essential to research management fees too if you’re choosing a property franchise. It’s important to make comparisons, as we have come across some ridiculous management fees that would seriously impact profitability. Ensure that you’re aware of hidden charges too, where franchisors introduce extra charges for additional services not covered in the initial franchise fee.

Redstones offer a clear and transparent service to franchisees, with no hidden charges. Instead, we are fair in terms of all of our rates and offer a much higher level of support than many other property management franchises. This helps ensure that our property management franchisees are fully satisfied and set up to succeed as a new business owner.

Discover more about operating a property franchise with Redstones.

Redstones

Spring cleaning before your big move

Many people sell up and move home in the spring and summer, which makes right now a perfect time for a spring clean before the ‘big moving day’ to save you both time and money before a house move.

Remember that reducing clutter can help you focus on your plans to move, reducing the stress involved. Here are Redstones tips for making your spring cleaning much simpler:

1. Be prepared
Start cleaning a few weeks before you plan to move and ensure that the right tools are in place, including the correct amount of dusters, bins bags and cleaning products! Start looking into finding a professional removals company too.

2. Declutter effectively
Go through your house and work out what you do and don’t want to take with you to your new home. Don’t waste time and money on packing, moving and storing any furniture and items you no longer need.

3. Start cleaning
Clean your own house as thoroughly as possible for the new occupiers and think about arranging for your new property to be cleaned. It’s always better to clean carpets and windows without having to empty rooms again. You could tackle this yourself or there are plenty of cleaning companies that charge reasonably for this service.

4. Some useful cleaning tips
You don’t necessarily have to throw everything away. Save old towels and bed linen for the move. They can be used as dust sheets, for wrapping furniture or for covering carpets if any painting is taking place. Remember that some of your old belongings can still be valuable, so consider eBay or a garage or car boot sale. Finally, ensure you wear comfortable and protective clothes when moving and keep rooms well ventilated if working with chemical cleaning products.

Cleaning your current home and ensuring your new home is clean and comfortable too takes some organised effort but will help you settle in faster in the long-run.

Redstones Houses

Speeding up the home selling process

When you’re selling your home, often the last thing you want is for the process to take a long time. So, what is the best way to improve your home’s ability to sell? Redstones recommend that you try these top tips:

Understand the market
One of the main reasons for a house not selling is because it’s priced too high. Despite the money you may have spent on the property, you need to go with what the housing market in your area dictates. Look at the prices of comparable homes and ensure your home is priced competitively.

‘Fixer upper’ homes can be difficult to sell
Nowadays, more people are looking for homes they can move into quickly, without conducting significant repairs. Avoid making your home look like a ‘fixer upper’ by fixing any damage, painting the home to freshen it up or tending to the garden to make your home an inviting prospect.

Location, location, location
The location of your home is vitally important to a buyer. Emphasise the good points about your location to buyers, including access to amenities, schools or even strong broadband access!

First impressions count
Keep your home neutral, simple and uncluttered. When buyers come around for viewings, it’s important that they can imagine it as their home, with their belongings.

Always be flexible
Just like you, remember that buyers are busy people. Always be flexible about when you can show them around your home. Also, to compete with other homes in the area, make sure you are prepared for viewings by keeping your home clean and orderly to make the best possible impression.

If your home isn’t selling as quickly as you would ideally want, why not give some of these tips a try? Alternatively, Redstones offer tailored advice to help. Discover even more about the home selling process with Redstones.

Redstones Branded Car

Is running a property franchise for you?

If you’re ever considered running your own business, how does the idea of operating a Redstones estate and letting agency grab you?

As we gear up for our Open Days on the 18th and 25st June, we’ve been reflecting on why our current franchisees are glad they made the decision to work with us.

Earle Kenlay, Director of Redstones in Hale & Altrincham is in process of expanding his business. He says, “Redstones is one of the best property franchises in the UK due to their business terms and the size of the territory on offer.”

It’s a sentiment that Richmond Franchisee, Brinder Bains fully agrees with. He says, “With Redstones, I’ve gained the independence of running my own business but with the support of a recognised national brand. My decision to join Redstones was the best business decision I’ve ever made.”

Find out for yourself why owning a property franchise is so rewarding by coming along to our Open Days to meet our team face to face. You could potentially transform your career and find out what it’s really like to run your own highly successful property business.

We’re even offering a lucky winner the opportunity to become a Redstones franchisee with their own FREE large territory – an extremely valuable offer!

10 successful applicants can also benefit from a reduced franchise fee (£9,995 rather than £14,995) if they complete their application form by 30th June 2016.

With our professional and innovative business practices, as well as on-going support, your estate agency and letting business will certainly thrive with us. Discover if our Redstones lettings franchises are for you and visit our Open Days.

www.redstonesopendays.co.uk

Redstones illuminated sign

Finding a property management franchise online

If you’re searching for a property management franchise online, here is the type of information we recommend that you gather in your research:

  1. Residual income – In the property management business, residual income is key. Estimate what level you expect to achieve on a monthly and annual basis.
  2. IT systems – The right IT systems, support and tools are an essential part of daily operations. Investigate how these systems will work. Nowadays, IT is much more crucial than having a high street presence. At Redstones, our sophisticated software is designed to make the daily operation of a property management company as easy as possible. All statements and invoices are on-line, giving landlords transparency and inspiring confidence.
  3. Marketing support – You will need to pro-actively build a customer base from day one. The right marketing strategy and approaches are crucial to this and we advise all franchisees on the marketing methods that really work.

With any franchise, a new franchisee should demand the right advice and support to get their business off the ground and achieving real success. Unfortunately, not all property management franchises online offer the level of support that they should for new franchisees. This inevitably leads to frustration and disappointment.

At Redstones, franchisees praise us for the level of support we offer. Earle Kinlay, the owner of our Hale & Altrincham franchise says, “Ultimately, it was Manjit Virdi, the Franchise Owner along with existing franchisees, who really sold it to me. Manjit was always available to answer any questions or concerns in an honest and open way and there was never any hard sell or pressure to sign up. The other franchisees I spoke to were just the same, giving their honest opinions and advice.”

Conducting your own detailed research, along with speaking to other franchisees, is a fantastic way of ensuring that you’re buying into the right property management franchise.

Find out what’s involved in becoming a valued Redstones franchisee.

Redstones Lettings

Buy to let market to remain strong

Despite recent reports to the contrary, the buy to let market in the UK remains bouyant, with a growing private rented sector set to continue into the future.

In fact, the latest research shows that over the past 15 years, the sector has more than doubled. There are now 4.3 million households living in privately rented accommodation, demonstrating strong rental demand.

So, what has caused the private rented sector to grow? Firstly, more people are now living for longer and an increasing number of people live on their own. Furthermore, some people delay a choice to settle down with a family or they are staying in higher education for longer periods of time.

In addition, there is also a growth in population, which includes more migrants arriving in Britain. This is also combined with less available social housing and difficulties for first-time buyers in terms of affording properties.

Affordability is a key issue as house prices have been growing at a rate that has outpaced earnings, meaning that first-time buyers stay in rented accommodation for longer as they save for a deposit.

Whilst the Government states that it wants to get more people on the property ladder, the private rented sector is still likely to flourish.

There will be changes, however, as the new higher stamp duty for second properties could lead to higher rents and fewer properties available for rent. There is also tax and regulatory changes planned, which means that the buy-to-let market could grow at a slower rate but it will still continue to grow, nevertheless.

At Redstones, we regularly work with new and experienced landlords with property portfolios of all sizes and proactively advise them on market shifts. Here’s what makes us one of the leading lettings agents and property management experts in the West Midlands.