Category Archives: Lettings Franchise

Redstones illuminated sign

New website offers service to buck the reputation of estate agents

When the reputation of estate agents rarely tops the charts, Redstones is trying to buck the trend with a striking new website in the company’s trademark red accent which aims to make it easier for users to navigate its many options. From property sales, to lettings and property management, Redstones aims to find a niche in the market by providing the excellent customer service which is so often lacking in the market.

The website not only encapsulates property sales and lettings but caters for the expansion of the brand through franchising. Clearly savvy about marketing and branding, Redstones has now extended marketing support and guidance to its franchisees so that they can more easily launch their own businesses. Originally founded in Walsall, further branches can now be found in Willenhall, Wolverhampton, Telford, Coventry,  Hale and Dartford

To mark the launch of the new website, a new sales option has been unveiled “Redstones Virtual” – offering to sell customer properties from only £699 including VAT. Managing Director Manjit Virdi explained: “We’re always listening to customer feedback. That’s why I wanted to have a user-friendly and appealing new website which makes it easier for customers to see what we can do for them. Combined with our new property sale offer, we are ready to get quick results for our customers.”

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Pets kept in ‘secret’ at rental homes

They are not always a landlord’s best friend but some tenants love them! Pets can be a bone of contention between landlords and their tenants.

A new survey of over 2000 tenants by pet insurers AnimalFriends.co.uk has revealed that 27% of tenants have not told their landlord about having a pet. In fact, 10% of tenants even hid their pets when due a visit from their landlord.

Although some landlords can be animal friendly, many are put off by the damage they can cause which is often excluded from landlord insurance policies. Damage to furniture, fixtures and fittings is a risk many landlords don’t want to take.

Redstones Managing Director, Manjit Virdi advises, “The key is to conduct regular inspections, which we can handle on your behalf. We can look for the tell-tale signs of damage or we may even spot items such as toys or a dog bowl!”

However, some landlords may prefer to be more flexible on pets, especially if it helps them to attract and retain the right tenants on a long-term basis.

Manjit continues, “It is possible for landlords to include specific rules in tenancy agreements, such as keeping dogs downstairs or in an enclosed area, particularly when the property is unoccupied. If this is an issue that impacts you, don’t hesitate to get in touch with us for advice.”

Find out more about the Redstones Lettings process.

Redstones illuminated sign

New Redstones website revitalises the brand

Look out for and explore the new revitalised Redstones website!

Fresh and even easier to navigate, the new website features more service options for both property sellers and landlords. Our new hybrid service option will be of particular interest. To stay competitive in today’s property market, including Purple Bricks and the new online property agents, Redstones is launching an exciting new offer to sell your property from only £699 including VAT. This impressive offer is creating extra buzz for Redstones already, as Redstones makes a transition in how we successfully operate in a market where both traditional and online estate and letting agency services are playing key roles.

Visit Redstones Virtual

Managing Director of Redstones, Manjit Virdi states, “We have always advocated the importance of marketing and branding in making Redstones a success, a philosophy that we extend via the marketing support and guidance we provide to franchisees to help them launch their businesses in their territories.

A fresh, new website will help to engage both new and existing customers, informing them of all the great services we have to offer and explaining how they set us apart in the competitive property sales and letting market. The website is complemented by new marketing materials, as part of a regular drive to refresh the Redstones brand.”

We invite you to explore the new Redstones website, which is now live. All feedback on the new website is welcomed.

Redstones Lettings

Landlords urged to attend new fire safety course

In light of the recent Grenfell Tower tragedy, landlords are being urged to attend a new online fire safety course, recently launched by the Residential Landlords Association (RLA).

The RLA have been contacted by many landlords for their advice on keeping tenants safe, with landlords questioning whether they’re doing enough when it comes to fire safety.

Fire safety is a complex issue but the new course makes it easy for landlords to understand how to keep tenants and properties safe from fire. Fire is an issue for all properties, particularly large or shared properties and every landlord has a legal obligation to protect tenants in accordance with fire safety regulations. It is therefore a worthwhile investment of time.

The fire safety course covers legislation relating to the Regulatory Reform (Fire Safety) Order 2005, HMO Manager regulations and Smoke and Carbon Monoxide Alarm (England) regulations 2015. It covers various building types to which the legislation applies, in addition to a practice guide to conducting fire risk assessment that will protect tenants and properties from fire.

For further information and to book onto the course, visit www.rla.org.uk

Redstones Hayes Office Image

Redstones opens new Hayes office

On Saturday 5th August, Redstones was delighted to open its latest franchise in Hayes, West London. Redstones is growing fast as a leading estate and letting agency, quickly and confidently expanding its reach throughout the UK, particularly the London region.

The Hayes launch was an ideal opportunity to welcome potential local property buyers and landlords to the brand new offices, whilst explaining the business strategy of the Hayes office and how it intends to set itself apart from competitors.

The new office benefits from a prime High Street location, although similarly to all franchises, it will have a strong online presence.

A new business offer that is capturing the interest of those is Hayes and beyond is Redstones new launch offer to sell your property from £666, including VAT.

New franchisee, Pasoon Ebrahim stated that, “The launch was a great event for all that attended and helped to solidify strong relationships that I’m building in the area. There are lots of excellent business opportunities in Hayes and I believe the new branch will be a fantastic addition to Redstones growing network of high quality, value for money and reputable estate and letting agencies.”

Redstones Lettings

Understanding costs and returns as a landlord

Particularly if you are a new landlord, getting your head around the costs you will incur and your potential return on the property or properties you rent is essential.

Buy to let investing comes from two income streams – rent and the capital growth of the value of the property increasing.

The property market fluctuates, so it is possible to lose money if property values go down, if your outgoings exceed rental yield or if the property is vacant for any period of time. Being a landlord is a medium to long-term investment.

The costs involved are the costs of purchasing the property for rent including stamp duty, valuation, legal costs and mortgage arrangement fees. If you are renting your property as a business, Class 2 National Insurance is payable and so is income tax, which is payable on rental income minus day to day running costs.

Day to day running costs include landlord’s insurance, letting agent’s fees, mortgage interest, annual safety checks, redecorating and general maintenance.

But how about the profit you will earn? Here’s a useful article about calculating rental yield.

Also, if rent arrears are a worry, our Redstones Platinum Total Care service is invaluable, as it offers guaranteed rent paid on time, every time, whether the tenant has paid or not!

Redstones Hayes Office Image

Redstones ready to dominate London

As part of Redstones expansion strategy, we have focused on our franchise program for quite some time now, encouraging new and highly motivated potential business owners to take advantage of the Redstones brand and service offerings to build their own prosperous property business.

Renowned for its competitiveness and broad range of properties for sale and to let, we’re heading South, with Redstones now ready to dominate London! There are a number of new London based Redstones branches opening in the pipeline, including new branches in Hayes, Iver and Dartford. Plans are also in place for further branches to follow.

Bobby Bansal is our regional manager for the London territory. He has extensive hands-on experience of property management and a broad range of contacts in the field, including many new motivated and experienced individuals who wish to join Redstones as franchisees.

Bobby states, “Redstones is working hard to expand in the London region and we’re received lots of interest from new franchisees. Initially, Redstones will establish 6 offices in the region. As well as the branches that are due to launch soon, plans are in place to launch new offices in Slough, Harrow and Milton Keynes too.”

Watch this space for more news soon, as Redstones continue their exciting expansion efforts in London.

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Government stamping out rental of energy inefficient homes

Calling all landlords and tenants! Please be aware that as of the 1st April 2018, all properties in the private rented sector will require a minimum energy performance rating of E or higher. These regulations apply to new lets and renewals of tenancies that come into effect in April 2018 and apply to all existing tenancies on 1st April 2020.

Therefore, it will become unlawful to rent a property that breaches the requirement of a minimum E rating, although some exceptions do apply. For any breaches, civil penalties of up to £4000 will be imposed.

Please note that Energy Performance Certificates (EPC) will be required for many types of property, including individual dwellings, self-contained flats, bedsits, shared flats and self-contained accommodation. The fixed penalty for those failing to provide an EPC certificate when required is £200 per dwelling and there is a six month time limit for any enforcement action to be taken.

Previous legislative changes mean that all property advertisements since 2013 have contained EPC ratings and SAP ratings and since October 2015, landlords have had to provide EPCs to tenants.

Currently, almost 10% of privately rented homes in England and Wales (4.2 million properties) fall below the E rating.

Manjit Virdi, Managing Director of Redstones explains, “The idea behind the changes are to ban the renting of the most poorly insulated homes in a bid to cut energy bills and carbon emissions, whilst improving the housing stock available in the country by ensuring landlords make efforts to improve the energy efficiency of their homes.”

He continues, “Redstones have advised all the landlords we feel will be directly affected by this but if anyone, either a landlord or tenant, has any concerns, we would encourage them to get in touch with us.”

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.