Category Archives: Lettings Franchise

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 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

Redstones illuminated sign

How to choose the best estate and lettings agency

Estate and lettings agents don’t always have the best reputation but with our focus on customer service, Redstones is the brand that goes against those pre-conceptions.

For those seeking a home for sale or rent, in addition to landlords, here’s what we always advise:

Complete your research

Choose an estate agent that is selling or renting properties similar to yours or those you are interested in and an agent that is prominent in your local area. Ask about their track record in your area.

Assess estate and letting agents

Why not pop into the office and meet them? Are they professional, friendly and enthusiastic? It’s essential to find out about their marketing methods too. Are they utilising SEO, 3D floor plans and advertising on all of the best websites?

It’s so important to build up a good rapport with your agent from the start too. You need to find them to be honest and trusting, as well as flexible.

Ask about the level of service you can expect. Ensure they have good local knowledge and the right level of experience. Be honest about expressing your own concerns too. Perhaps you want ensure they will be flexible in terms of showing buyers around your home or if you’re a landlord, you will want to know the level of support the agency will offer.

Redstones offer many unique services that are highly attractive to landlords such as Switch Agent and Redstones Platinum Total Care.

If you want a valuation for your home, don’t always go for the agency that states the highest price. Ask them how they intend to achieve the best possible price, as there’s much more to selling a home than just price.

Many people also ask family and friends for recommendations and some canny individuals even pose as buyers so see how effective a certain estate agent is!

Check testimonials and accreditations

Recommendation websites and independent testimonials are useful too, as you can find out more about the experiences of previous customers.

Always make sure the estate and letting agency you choose is accredited as well. At Redstones, we are members of NAEA (National Association of Estate Agents) and ARLA (Association Residential Letting Agents).

Franchise security

Sources of franchise funding

Whenever you are seeking to secure funding for a franchise, a business plan is essential to prove any type of lender that your business is worth investing in. However, it’s worth appreciating that there are a wide range of investors out there, other than banks, that can help you to set up a franchise business.

These sources of funding include:

Grants – Grants cover a broad range of sectors, related to business location, size and industry, as well as specific problems in the local area. UK government bodies that offer grants include Department for Business, Innovation and Skills, Department for Employment and Learning, Charities and Local Authorities. Some specific grants target women, young people, over 50’s and entrepreneurs with a disability. A grant can be an option once your business is up and running, as well as for capital at the initial start-up phase.

The New Enterprise Allowance – Those on Jobseeker’s Allowance for three or more months and may be eligible for the New Enterprise Allowance, which awards small loans to help those with a business idea with their start-up costs. The maximum amount awarded is £1,000 so this route is more suited to those with low start-up costs.

Community Development Finance Institutions (CDFIs) – These are independent organisations that encourage and create wealth in communities that are disadvantaged by providing individuals and small businesses with loans.

Crowd funding – There is now a growing trend to source funding from several investors through private websites. For example, Funding Circle allows business owners to pitch their business to potential investors, meaning that they can choose from a range of investors and can compare interest rates.

Friends and family – If you are fortunate enough to have this type of assistance, you still need to have a contractual agreement in place, stating when you will repay the money and what, if any, interest you will pay.

Angel investors – Business Angels are high net worth individuals interested in investing in businesses with a high potential to grow. Usually a business angel will have experience of the industry and will share their expertise. To search for a Business Angel, try the UK Business Angels Association.

Government Schemes – The HMRC Enterprise Investment Scheme and the Seed Enterprise Investment Scheme offer tax relief to investors, including income tax and capital gains tax relief.

The total cost of setting up a Redstones office is around £20,000, including a franchise fee of £9,995 and full training. For further information, visit our Franchise website.

Redstones Shop

Supporting women in franchising

There has been much reported about the fact that despite evidence of girls outperforming boys at almost every level at school and the call to get more women into leadership positions, women are not always where they should be in the employment or business world.

Women started out as a minority group in franchising, but they are increasingly taking a much bigger role and franchises of all types, including Redstones, are actively seeking women who we believe have the perfect skills for running a successful franchise operation.

The number of female franchisees in the UK has been steadily increasing over the last 25 years, with 30% of all UK franchisees now being operated by women. In fact, 4 of the last 7 individual winners of the bfa HSBC Franchisee of the Year Award have been women.

Franchising is attractive for many women due to the flexibility and independence it offers, as well as the chance to follow their passions. Franchising can be ideal for women who are looking to take their career a step further or for those who want opportunities that fit around their home life. Many women also enjoy being part of a franchising community, where mentorship and sharing tips for success is encouraged.

At Redstones, we don’t believe in the ‘old boy’s network’. MD of Redstones Manjit Virdi says, “I know that there are many talented female property professionals currently in employment who would really thrive if they were managing their own business. It’s important for us at Redstones to encourage potential female franchisees to come forward and find out all the great benefits a Redstones franchise has to offer for their career.”

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

redstones houses

How Redstones franchisees are going for growth

Many of our franchisees are impressed that Redstones doesn’t just help them to establish their business, we also help them to continuously grow.

Our skilled Business Acquisition team help franchisees to flourish by advising them on acquiring existing property companies, property portfolios and letting databases, which are a good fit for their current business model.

Our Telford franchisee Manj Singh recently purchased a lettings portfolio to expand his existing business. He said, “The Business Acquisition team at Redstones were extremely helpful and it’s fantastic that they are supporting the ambitions of franchisees like me who are hungry to learn and expand their business.”

In fact, many new franchisees understand the importance of support for business growth and this is often a key consideration when considering a new franchise. Hale & Altrincham franchisee Earle Kenlay says, “I decided upon Redstones due to their business terms and the size of territory on offer, as well as the subsequent scope of the business, which was far better than the rest.”

The team guide franchisees through the entire acquisition process, finding businesses or lettings databases that are the best fit for the franchisee, financing business deals and managing the legal process.

Services include the appointment of an Operations Specialist, who shares knowledge and advice during the initial stage, as well as offering valuable guidance through the critical stages of launch and expansion.

Also, in contrast to similar comparable services, Redstones are extremely fair on fees as of course, it is in our best interests too to see franchisees achieve their ambitions to grow.

For further information, contact the Business Acquisition team on 01922 235 350, e-mail franchise@redstones.co.uk or visit www.redstonesfranchise.co.uk

Redstones Buyers

How our property franchise helps parents achieve work-life balance

If you are a parent, you will understand the importance of quality time with your family. Nowadays, it’s common for mothers to be at work and in fact, in a third of working families, the woman is the sole or main breadwinner.

With mothers shouldering this type of financial responsibility, combined with the difficulty of juggling childcare with work, a franchise business can offer the flexibility that comes with being your own boss.

Many franchises offer home working options and the many advantages of running your own business includes the much needed flexibility to manage the schedule of family life, so that appointments and other commitments can be accommodated.

With a franchise, there is an opportunity to set your own hours and work around family. For parents that have taken time out of their careers to raise a family, it also gives them a chance to build a business and enter the world of work again in a flexible fashion.

But in contrast to setting up another type of business, with a franchise you are not starting completely from scratch. This is a difficult option for families who are reliant on a regular income. In contrast, a franchise such as our Redstones property franchise, provides an established, proven business model, along with plenty of expert training and support to ensure your success.

Redstone’s Managing Director Manjit Virdi says, “There’s no denying that building a business to profitability requires hard work and dedication. However, most parents certainly know the meaning of that! In my own experience and those of my franchisees, we have found that building a business in a way that works around family is an extremely rewarding experience.”

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. Our active support includes providing new franchisees that join our network in 2016 with the Redstones Marketing Ready Package, worth over £7,000.

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