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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.