Category Archives: Estate Agency Franchise

Introducing Dartford’s new franchisee, Amar Gill

As part of Redstones drive to expand into London, we’re pleased to announce that we’re due to open a new branch in Dartford led by our new franchisee, Amar Gill.

Amar Gill Redstones Dartford

Amar Gill Redstones Dartford

Proving that our franchisees come from many sectors, Amar previously worked in insurance for 12 years but wanted a career change, having developed a passion for property by dealing with different types of property in the insurance sector.

Having family members with franchises, Amar had been researching franchising as a career option for 4 years and felt that the franchise market was growing from strength to strength.

Wanting to become his own boss and having previously worked for a family business, Amar says, “Being a Redstones franchisee is the same business model, as you become part of a family and grow together.”

He continues, “As soon as I saw the franchise model at Redstones, I knew it was the right move for me. It ticked all the boxes.”

Amar has enjoyed learning about all aspects of the property market through structured training, from sales to accounting and has experienced peace of mind in knowing that he can pick up the phone and call the franchise team anytime if he has a query. His exciting plans for the future include employing staff and expanding into different locations.

His advice to anyone thinking of buying a Redstones franchise? “If you have a passion for something but you are not sure how to start the business, franchising is the way forward. Having people around you that you can learn from while being your own boss is very reassuring.”

Redstones Hayes – Open / Launch Day – Saturday 12th August 2017 10am – 3.00pm

Say “hi” to the new Redstones Hayes Office

Redstones illuminated sign

Redstones to open new Iver branch

As a well-known brand in the property market, Redstones is thriving by broadening its reach and developing new franchises all the time. The latest is our Iver branch. Located in Buckinghamshire, Redstones Iver is due to launch over the next few weeks.

The MD of Redstones Iver is Bobby Bansal. Bobby is also a regional manager for the London territory and has extensive hands-on experience of property management. He says, “I’m working hard to spread the word about Redstones Iver and what we hope to achieve as an office, which is part of Redstones larger drive to expand substantially throughout the London region. Having gained vast familiarity with the needs of buyers and landlords in Iver, I’m confident that we have the right service offers in place to see the Iver branch go from strength to strength.”

Working with a brand name such as Redstones, which has already proven its credibility in the property market, has many benefits for franchisees. By adhering to a tried and tested business model, franchisees have increased security that their new business will flourish. Redstones also provides a structured training programme and continuous support to get franchisees off the ground.

Finally, location is everything in the property business and in contrast to many other property franchises, Redstones offers access to large territories to maximise profitability.

If you’re interested in establishing your own prosperous property franchise, visit our Franchise website, call 01922 235 350 or email franchise@redstones.co.uk

Say “hi” to the new Redstones Hayes Office – Saturday 12th August – 10am – 3pm.

Redstones Board design

Eye-catching new sales and letting boards launched

As part of a regular drive to refresh the Redstones brand, a new design for Redstones’ sales and letting boards has been launched, which eagle-eyed sellers, buyers and landlords will notice soon!

Redstones Board design

Redstones Board design

Manjit Virdi, Managing Director of Redstones explains, “We are a marketing led company who work hard to protect and position our brand effectively. The new board design is all part of that.

In a crowded market, it’s vital for us to have an even more eye-catching board design that will stand out to serious buyers or passers-by and help promote and showcase properties as effectively as possible. Sales and letting boards have always been an important marketing tool to us, which is why we refresh their design every 2 years or so.”

The new boards help ensure that properties attract the right attention and the new board design extends to premium gallow boards, the swinging boards used to sell high value properties.

Redstones Hayes Office Image

Say “hi” to the new Redstones Hayes Office

As a rapidly expanding estate and letting agency, Redstones has recently experienced huge growth through developing their franchise network, particularly in London.

The most recent franchise due to launch is the Hayes office in West London. Operated by new franchisee, Pasoon Ebrahim, potential new franchisees, landlords, buyers, property development professionals and all those interested in the local Hayes property market are warmly invited to an open day at the new High Street office, a prime location in Hayes on Saturday 12th August – 10am – 3pm. Address: 03 Coldhrbour lane , Hayes , UB3 3EA

Managing Director of Redstones, Manjit Virdi says, “Come and visit our new Hayes office, it’s an excellent opportunity to see the exceptional service we have on offer and how we plan to excel in the challenging property market in Hayes. Of particular interest to many will be our launch offer to sell your property from £666 including VAT. This exciting new launch offer is sure to interest the local property market.”

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