Check out the Renters Warehouse Property Management Franchise

Real estate property management is a $28.5 billion dollar industry. That’s a $9.7 billion increase over five years (up from $18.8 billion in 2002), according to the 2007 U.S. Census Bureau of Economic Analysis. In 2012 the real estate industry was named one of the fastest growing industries by median growth rate with a 129% increase, according to a 2012 Inc. Magazine article. It just so happens that Renters Warehouse was named #983 by INC. magazine in the 2010 INC. 500/5000 fastest growing privately held companies in America, #132 in 2011, and #787 in 2012. Renters Warehouse was also named #3 in the real estate sector. We invite you to find out why and learn more about our exciting property management franchise opportunities.

For an individual owner, there are several advantages to franchising. The use of a registered trademark saves you, the franchisee, the cost of creating and advertising a name and building brand recognition. Also, the advantages of group marketing & advertising efforts through the Renters Warehouse marketing fund will supplement each franchisee’s advertising and brand-building efforts at a local level. Another large benefit is the on-going training and/or support. This creates instant operational expertise in your field, which is otherwise only gathered by trial and error, saving you time and money by avoiding those pitfalls. To help you determine if a Renters Warehouse property management franchise is right for you, we created a list of benefits associated with buying a franchise.

• Turn-key business model.
• Established and documented business systems in place.
• Corporate image and brand awareness.
• Initial and on-going training.
• Site selection guidance.
• Collective buying and advertising power.
• You get to be your own boss.
• You’re provided with an operations manual that provides insight and guidance on operating a Renters Warehouse business.
• Ongoing support and advice from the franchisor.
• Pre-established supply lines and vendors.

FAQ

Q. Do you need business experience to run a Renters Warehouse property management franchise?
A. No, Renters Warehouse will provide your initial training and also ongoing support. We will also provide you with a well documented and easy to use operations manual.

Q. What are your royalty fees for a Renters Warehouse property management franchise?
A. Renters Warehouse has one of the lowest royalties in the property management franchise business. At just 4.5% we want you to keep more of your money! 4.5% is worth more when you’re profitable, than 7% is when you’re not! Use this extra money you save by buying a Renters Warehouse franchise to invest in you and your business and not us!

Q. How long of an agreement do I get?
A. Renters Warehouse provides one of the longest agreements in the business. At 7 years in length we are committed to your long term success. The agreement is easily renewed as well. Compare to the typical 5 year agreement offered by other franchisors in the property management industry. This longer term is a plus, especially when you consider that we require a lower royalty fee!

Q. What is your franchise fee for a Renters Warehouse property management franchise?
A. Our franchise fee is US$29,995, plus US$5000 start-up kit. The start-up kit includes your website, signage, documents, and even pre-paid marketing and advertising allowances. For the franchise fee you will obtain an easy to use operations manual, initial training, and designated territory. Not to mention the use of our branded and trademarked logo and name!

Q. Are their opportunities to expand with Renters Warehouse into other territories and own multiple locations?
A. Yes! We hope that you will find great success through our business model, which will lead to you acquiring multiple offices and territories. We also offer and allow potential franchisees to increase their territory for an extra fee disclosed in the FDD.

The Renter's Warehouse Property Management franchise is designed to deliver a complete business solution to a new or existing real estate management professional.

When you become a Renters Warehouse property management franchisee, you will be skilled, trained, and ready to sell the following services:

• Tenant Placement: The act of marketing, advertising, showing, acquiring and screening well qualified applicants for property owners. For this service you will earn a leasing commission.
• Monthly Full Service Management: The act of collecting the rent, enforcing the lease, providing monthly and yearly accounting statements, coordination of maintenance and handling move in and move out inspections. For this service a franchise will typically make a monthly management fee per property under management.
• Client Set up: The act of entering the client's data into our automated property management software. Ordering utilities, obtaining applicable rental licenses or permits and introduction of management to tenant. For this service you will typically earn a fee.
• Eviction Protection Plan: This program covers a property owner from unexpected legal and court fees associated with an eviction. The fee is variable as it depends on the actual hard costs in your area; however, this compensation structure is a monthly add on fee to the monthly management fee.
• Application/ Screening: This is the act of qualifying, screening, reviewing and approving or denying residency to one of your available units. For this service typically you will have a mark up on of our approved vendors.
• Risk Protection Services: We know every home owner and investor has three fears. Renter will not pay the rent, will damage the property, and evictions cost alot and take a long time. This is why Renters Warehouse created these services for you to sell and overcome that objection. Rent Protect, the act of guaranteeing the rent for 3-6 months. Property Protection, we will provide property owners with $100,000 property damage coverage, and Eviction Protection, where Renters Warehouse will cover all costs associated with evictions. Not to mention the industry first Tenant Warranty program, where Renters Warehouse will warranty the tenant placement in the event of default or eviction. We've made it easy for you to gain new clients.

Testimonial

"With over twenty years of retail ownership under my belt, I wanted to move into a new direction. After I discovered Renters Warehouse, I knew that direction would be Property Management. I was in search of a service oriented industry, and Property Management is a promising and exciting field. I opened the Renters Warehouse BW Metro franchise in January of 2012. Looking back at my first year in business, I realized I would not be where I am today without the help and support from the Renters Warehouse team. As industry insiders, they were able to provide me with the necessary materials and tools to help me get started, while allowing me to focus on my customers’ needs. They have been available to offer help and guidance along the way, and I now feel confident and well equipped for success as I more forward in this business." – David Gurian, Renters Warehouse BW Metro