Category Archives: Estate Agency Franchise

Redstones The Property Experts sign

Redstones Dartford Now Launched

Amar’s worked within the Insurance industry in the personal lines sector for 12 years, where he was dealing with Household Insurance. He has just opened the latest Redstones’ franchise in Dartford.

Amar Gill Redstones Dartford

Amar Gill Redstones Dartford

What were you doing immediately before taking up your franchise?
“I had a career change and went into the lettings market, dealing with all different types of properties in the Insurance sector. I always, naturally, had a passion for property so I joined a letting agent.”

How did you discover franchising?
“I’ve personally been looking into franchising for four years and examined all kinds of franchises within the market; Fast food, Insurance Claims, Estate agents and I also have family who have franchises, so obviously I started to look into franchising myself as I could see that the franchise market was going from strength to strength.”

Why did you chose franchising over an employed career?
“I always wanted to be my own boss, leaving school and joining a family business gave me that ‘heads up’ in life. I had school friends who were all employed whilst I was working within a family business which made me less inclined to want to work for anyone.”

“Franchising is the way forward for me as working within a family business I can see the similarities between that and franchising; you become part of a family and grow together.”

Why did you chose this franchise over others that are available?
“I had been researching franchising for a substantial amount of time; it got frustrating at times as not all the franchises were for me. When I found Redstones, as soon as I saw the franchise model and spoke to the franchise manager, I knew this was the right move for me. It ticked all the boxes.”

“My family is not joining me in my franchise so I will be building the business alone at start with, but who knows what the future might bring.”

How did you raise the finances required?
“I was lucky enough to have enough in my savings from my previous jobs.”

How have you found the training and support you received from your franchisor?
“Very helpful and professional, it’s a lot to take it when you first join, but for me just having that peace of mind of knowing that I can pick up the phone and call the team anytime is priceless.”

What challenges have you faced while getting to know your new business?
“Joining the franchise has challenged me to learn new sectors of the property market; for example dealing with sales, accounting and learning the system. These are areas I have never dealt with before but I am enjoying the learning experience and gaining additional skills.”

What ‘highs’ have you experienced in your new business?
“What highs? The whole experience really… learning new roles, meeting new people, being my own boss and joining a well-established company.”

What are your plans for the future?
“I want to grow the franchise along with the team as this is what I want to do until I retire! I am looking to employ staff and expand in different locations.”

What would your advice be to someone thinking of buying a franchise?
“If you have a passion for something but you are not sure how to start the business on your own, franchising is the way forward. Just having people around you that you can learn from while being your own boss is very reassuring.”

Redstones Lettings

Good news for landlords with long-term rentals on the rise

It’s good news for landlords as a survey conducted by the Deposit Protection Service (DPS) has uncovered that two in five renters are not looking to buy a property and instead intend, consider renting a home to be a long-term plan.

From those who intend to buy, 62% stated that they do not expect to own a property within the next year and a quarter stated that they hoped to purchase a property within 6 months.

Of course, with buying a home being a major financial commitment, renting also suits those saving for a deposit before taking on a mortgage.

In terms of housing, it’s now recognised that the UK needs a flexible housing sector that suits the varied life choices and priorities of an increasingly diverse population and the rental sector plays an important role in offering quality housing in areas where shortages are occurring.

The survey reflects Redstones own observations. Managing Director of Redstones, Manjit Virdi says, “The number of tenants we are taking on is on the increase. We are finding that many people choose to be tenants as it better suits their plans or lifestyle, enabling them to be flexible.”

With demand at an all-time high, so is the potential for attracting high quality tenants. At Redstones, we attract landlords through our ‘Switch Agents’ programme, which ensures that new business is gained on the quality of service delivered. The programme makes it easy for landlords to switch their property or property portfolio to Redstones if they’re dissatisfied with their current agent.

Another favourite for landlords, Redstones Platinum Total Care ensures the landlord’s rent is paid on the date it is due, regardless of whether the tenant has paid on time.

Redstones also advises many landlords on property management, helping them to grow their portfolio without the time-consuming difficulties attached with managing property.

Alternatively, if you’re a tenant looking for a new home, find out more about what’s involved when renting through Redstones.

Franchise security

A beginner’s guide to property yields

You may have heard people talk about property yield but what does this mean?

It is a way of measuring the rental potential of a property and is the amount of rent that can be earned in a year for the landlord. This amount is expressed as a percentage of the price of the house.

So, if a rental income of £10,000 was earned from a house costing £200,000, the yield would be 5%. It’s helpful to use a percentage because it better enables comparison between different properties, so that landlords can assess which would earn them the most. For example, a £10,000 income on a £160,000 house represents a rental yield of 6.25%, demonstrating greater value than the previous property.

Many factors impact upon property yield and the larger or more expensive houses don’t necessarily offer higher returns. Landlords can achieve a high yield in areas where there is a shortage of properties, a strong demand due to special amenities, such as a university nearby, close proximity to good schools, a strong local economy, good road or rail infrastructure or even a young population who aren’t yet ready to buy property.

Managing Director of Redstones, Manjit Virdi says, “Not every property will get you a great yield. For our various regions, our staff are equipped with excellent local knowledge and can advise landlords or potential landlords on which properties will generate them the best yield for their budget.”

He continues, “However, to make the right property investments, it’s important to look at potential capital growth as well as property yields to ensure you benefit from any future increases in both rents and property values.”

A professional lettings agent such as Redstones will advise you on how to succeed as a landlord, offering valuable local knowledge on targeted areas. Due diligence is the key and we can help you assess rental amounts in advance, so that you can calculate your all-important return on investment.

Here are some of the many reasons landlords choose to rely on Redstones.

Why consider a property management franchise?

In our experience, we’ve found there are many reasons why our franchisees decide to start a property management franchise with Redstones. If you’re looking for a new franchise, here are some reasons you may not have considered:

A robust sector
Despite Brexit and varying economic conditions, overall, the housing and lettings sector remains robust. In factor, in the private rented sector, demand remains high and we have recently seen rapid growth to 15.6%. If this trend continues, home ownership levels would be around 60% by 2025 and private rental well above 20% by 2020. There is a place in the market for high quality estate and lettings agencies, with innovative service, to meet UK housing needs.

Geographical territories
In contrast to many other property franchises, Redstones offers large territories of at least 100,000 households, relatively low set up costs and opportunities to expand.
Earle Kenlay, our franchisee in Hale & Altrincham explains, “The business terms and the size of territory on offer, as well as the subsequent scope of the business were far better than the rest.”

Online marketing and training

The way that people buy, sell and find properties has changed, but not all estate and lettings agencies have moved with the times. Unlike those traditional lettings and estate agencies, Redstones is completely focused on the Internet as a marketing channel. This helps us to stay ahead of our competition.

We embrace marketing techniques such as social media and advertise on all relevant portals and property websites. We also utilise SEO, Pay-Per-Click, 3D floor plans and walk through technology. Furthermore, we’ve introduced online property auctions to Redstones, driving significantly more business.

Our levels of training and support for franchisees are also second to none and have even been highly recommended by franchisees with previous experience of working in property management.

As Richmond Franchisee, Brinder Bains concludes, “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. It’s a brand name you can trust.”  

Find out what else our existing franchisees have to say about joining Redstones.

You can call the Redstones team on 01922 235 350 or email us at franchise@redstones.co.uk or visit www.redstonesfranchise.co.uk for further information.

Redstones Management Team

Top 5 reasons to start your franchise business this year

If you’re interested in property and have always wanted the control and freedom of running your own business, is 2017 the year to take the leap?

Here are some great reasons to consider owning your own property franchise:

  1. The power of an established brand

The recognition that an established brand such as Redstones provides gives clients the assurance that they can enjoy an excellent and proven service, regardless of location. This consistency benefits all franchisees in the system.

Our clients are delighted by our innovative services, including Redstones Platinum Total Care, a scheme that ensures the landlord’s rent is paid on the date it is due, regardless of whether the tenant has paid on time.

We also have the ‘Switch Agents’ programme, which makes it simple for landlords to switch their property or property portfolio to you. As a franchisee, you apply these innovative services to your own client base.

  1. Marketing expertise

Marketing should not just be considered an expense. If done right, it will generate all of the clients you will ever need. At Redstones, we have our ‘marketing mix’ just right and we share this expertise with franchisees.

Nowadays, the majority of our business is conducted online. Our marketing techniques include social media, advertising on all relevant portals and a focus on SEO and Pay-Per-Click. Vendors are able to sell their property quickly through 3D floor plans and walk through technology. We’ve also introduced online property auctions to Redstones, driving significantly more business.

  1. Operating experience

Opening a privately owned business is undoubtedly complicated and daunting, especially if running a business is new to you. The comprehensive training programme offered by Redstones helps franchisees learn at their own pace, so that they are in the best position possible to run their own business.

  1. Hands-on training

You will need comprehensive training to run your own property business, even if you have some experience of property management. Our existing franchisees can testify to the high quality of our training.

  1. Growth opportunities

So you’ve successfully set up your franchise business but what about the next step? Our skilled Business Acquisition team help franchisees to flourish by advising them on acquiring existing property companies, property portfolios and letting databases.

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

Redstones Residential Sales

Property market buoyant as lending booms

In 2016, mortgage lending hit its highest level in 8 years, which can mainly be attributed to low interest rates.

Proving that the property market remains buoyant, the Council of Mortgage Lenders has confirmed that with a lending total of £246m last year, lending has increased by 12% on the total amount lent in 2015. Mortgage approvals for both purchasing property and re-mortgaging rose in December 2016, showing that this trend is likely to continue into 2017. In fact, since 2008, remortgaging has grown year on year by 30%.

Therefore, despite Brexit and higher stamp duty for buy to let investors, many people have clearly been taking advantage of low interest rates to move up the property ladder. However, despite banks being keen to do business, in some areas, there is an ongoing shortage of properties on the market nationally and house price growth is expected to slow.

Manjit Virdi, Managing Director of Redstones explains, “We’ve got off to a very busy start in 2017 across the board, in terms of both property sales and lettings. We have a very high quality supply of properties right now too.”

He continues, “The positive situation with mortgage lending means that this could be the ideal time to buy your first home, move up the property ladder or continue expanding an existing property portfolio. We’re finding that for many people, it makes sense to start the new year by strengthening property investments.”

We offer innovative services in both sales and lettings such as Switch Agent and Redstones Platinum Total Care, which are very popular with our landlords.

Find out more about the great service Redstones has to offer.

Redstones West Midlands House Head Office

Centre of Operations

This new office will be the centre of operations for the companies expanding lettings and estate agency franchise, as well as serving landlords, tenants and property sellers and buyers in the Willenhall and Walsall areas.

Manjit Virdi, founder and Managing Director of Redstones, said, “It is an exciting time for our company. As well as moving to our new Willenhall base, we will be revamping our website and online presence. We feel we can utilise our online platform to spread the reach of our service, and give an even more cost-effective service to our customers.”

“We have continually sought to be innovators in the UK property letting and management industry. Our Platinum Total Care Service, which guarantees rental income to landlords, and our Easy Switch Agents Scheme are two examples of that innovative spirit. 2017 promises to be our best year, and I am excited at what we will be delivering for our customers.”

Redstones services include residential sales, lettings, and property management. The nature of the property market is developing, with over 80% of all property searches now carried out online. Redstones utilises this to present property in the best manner, including 3D floor plans, providing a  “walk through” experience.

Whilst fully embracing the internet, and the latest technology, Manjit Virdi feels Redstones have a particular advantage in the property industry. “We never forget that this business is about people,” he says. “Although we may be dealing with bricks and mortar, at the end of the day we are helping people. That may be taking the pressure off a property owner by managing their property and tenants, or getting the best possible price for someone selling their property.”

“Our people make the difference too. We call ourselves the ‘local’ property experts, and the knowledge we have of our communities and the local property markets, means we can add extra value for our customers, that some of the big box agents struggle with.”

Redstones looking to recruit 20 franchisees for 2017

With more people renting rather than buying homes nowadays, the housing market remains buoyant in the UK, making it a fantastic opportunity for potential new business owners.

Our ambitious growth plans mean that Redstones are now pro-actively searching for 20 franchisees for 2017, to take advantage of the geographical territories on offer. In comparison to our competitors, we offer large territories designed to maximise profitability.

Many new franchisees are impressed by our state-of-the art systems, which enable them to run a full service property agency from an office instead of the high street; significantly reducing overheads. We also pro-actively train new franchisees and support them with marketing and gaining new clients. Our SEO strategy and focus on pay-per-click means that we have developed a massive online presence.

Many other service benefits set us apart from the rest and mean that you can be proud to advocate Redstones to your clients as a franchisee. These benefits include:

  • The very latest 3D floor plans and walk through technology to help vendors sell their property as quickly as possible
  • An online property auction service with 0% commission to attract more sellers
  • Great value and flexibility for landlords through our Redstones Platinum Total Care service
  • The innovative Switch Agent programme to ensure you attract more landlords to your business!

If you like the sound of our great business practices and feel ready to take charge of your career as a franchisee, discover more about the special opportunity on offer.

With low-cost start-up fees, we’re keen to get the best talent on board, whether you’re an existing property professional or have the relevant skills to succeed in the property market.

So, if you’re ready to face the challenges, thrills, satisfactions and great financial rewards a Redstones franchise can offer you in 2017, don’t hesitate to find out more.

Become one of 20 valued Redstones franchisees in 2017.

 

Redstones illuminated sign

New year, new career – Redstones expand nationwide

It’s the time of year that many people reconsider their careers and decide to take control. Many would argue that becoming a business owner or franchisee is one of the best ways to gain independence, flexibility, work/life balance, great financial rewards and ultimate control over your destiny. Is that something that’s truly offered by your existing career?

As Redstones continue their mission to expand nationwide, there are plenty of territories ‘up for grabs’ for those who aspire to run their own estate agency and lettings business. 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.

Often, the chance to make a healthy profit is far from the only reason to become a franchisee. There are many lifestyle benefits associated with running your own business. Some people are attracted to franchises because they relish the responsibility of running their own business. Others enjoy the opportunity to set their own hours and work around family and other commitments.

All of our existing franchisees have gone through the process of determining whether Redstones is the right choice for them, after enjoying careers in other fields. They have certainly not been disappointed!

Earle Kenlay, Director of Redstones 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.”

Richmond Franchisee, Brinder Bains agrees wholeheartedly. 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.”

Want to transform your career for the better in 2017 and help Redstones expand nationwide? For further information, visit our Franchise website, call 01922 235 350 or email franchise@redstones.co.uk

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