Start-Up Costs and Fees |
||
| Real Property Management | Renters Warehouse | |
| Investment | 101224 - 154974 | 14819 - 50405 |
| Franchise Fee | ||
| Royalty Fee | 7% | 4.50% |
| Advertising Fee | 1% -2% | |
| Year Founded | 2004 | 2007 |
| Year Franchised | 2004 | 2011 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Real Property Management | Renters Warehouse | |
| Experience | We are looking for franchise owners who want to build an ever-growing business. Our franchisees come from all walks of life. Our best franchisees are committed to working hard for the first few years before reaping the rewards of their efforts. New franchisees must have minimum working capital of $80,000. | 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. |
Financing Options |
||
| Real Property Management | Renters Warehouse | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Real Property Management | Renters Warehouse | |
| Training | New franchisees participate in seven weeks of online training, four days of live training, and receive 30 - 60 days of one-on-one on-boarding. Then, our team of property managers, marketing professionals, accountants, and business coaches provide on-going expert advice. In addition, an intranet accessible only to our franchisees includes a detailed operations manual and a library of over 500 forms, checklists, and job aids. During the year we hold two national conferences, monthly marketing and operations calls, weekly communications, and frequent webinars on topics of interest to franchisees. Our network of 280 fellow franchisees band together to provide additional support to each other. On-The-Job Training: As needed Classroom Training: 32 hours+ Additional Training: Online training, 7 weeks; ongoing advanced training | Available at headquarters: 5 days. At franchisee's location: 2 days. |
| Support | State of the art operating systems, productivity software, streamlined processes, an intranet available only to our franchisees, and monthly scorecards make our offices efficient and productive. Standardization allows us to monitor performance of each office relative to similar offices so we can provide best practices. A complete set of marketing tools are ready for you to use, including a custom website, over 50 videos, numerous presentations and sales scripts, online and print advertising, brochures, direct mail, email, broadcast advertising and client newsletters. Using Brand Central, items are customizable for each franchise. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Proprietary Software Franchisee Intranet Platform | Newsletter, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation |
| Marketing | Our world-class marketing includes national public relations, publication of quarterly rental market statistics, media rates and performance data for broadcast media, research on rental property owner attitudes and perceptions, and a database of information about 14,000,000 prospective property investor clients. Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, National media, Regional advertising, |
| Operations | Number of Employees Required to Run: 1 - 3 | |
Expansion Plans |
||
| Real Property Management | Renters Warehouse | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Real Property Management | |
| Renters Warehouse | |
| Franchise Fee | |
| Real Property Management | |
| Renters Warehouse | |
| Royalty Fee | |
| Real Property Management | 7% |
| Renters Warehouse | 4.50% |
| Advertising Fee | |
| Real Property Management | 1% -2% |
| Renters Warehouse | |
| Year Founded | |
| Real Property Management | 2004 |
| Renters Warehouse | 2007 |
| Year Franchised | |
| Real Property Management | 2004 |
| Renters Warehouse | 2011 |
| Term Of Agreement | |
| Real Property Management | |
| Renters Warehouse | 7 years |
| Renewal Fee | |
| Real Property Management | |
| Renters Warehouse | |
Business Experience Requirements |
|
| Experience | |
| Real Property Management | We are looking for franchise owners who want to build an ever-growing business. Our franchisees come from all walks of life. Our best franchisees are committed to working hard for the first few years before reaping the rewards of their efforts. New franchisees must have minimum working capital of $80,000. |
| Renters Warehouse | 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. |
Financing Options |
|
| Franchise Fees | |
| Real Property Management | |
| Renters Warehouse | |
| Start-up Costs | |
| Real Property Management | |
| Renters Warehouse | |
| Equipment | |
| Real Property Management} | |
| Renters Warehouse | |
| Inventory | |
| Real Property Management | |
| Renters Warehouse | |
| Receivables | |
| Real Property Management | |
| Renters Warehouse | |
| Payroll | |
| Real Property Management | |
| Renters Warehouse | |
Training & Support |
|
| Training | |
| Real Property Management | New franchisees participate in seven weeks of online training, four days of live training, and receive 30 - 60 days of one-on-one on-boarding. Then, our team of property managers, marketing professionals, accountants, and business coaches provide on-going expert advice. In addition, an intranet accessible only to our franchisees includes a detailed operations manual and a library of over 500 forms, checklists, and job aids. During the year we hold two national conferences, monthly marketing and operations calls, weekly communications, and frequent webinars on topics of interest to franchisees. Our network of 280 fellow franchisees band together to provide additional support to each other. On-The-Job Training: As needed Classroom Training: 32 hours+ Additional Training: Online training, 7 weeks; ongoing advanced training |
| Renters Warehouse | Available at headquarters: 5 days. At franchisee's location: 2 days. |
| Support | |
| Real Property Management | State of the art operating systems, productivity software, streamlined processes, an intranet available only to our franchisees, and monthly scorecards make our offices efficient and productive. Standardization allows us to monitor performance of each office relative to similar offices so we can provide best practices. A complete set of marketing tools are ready for you to use, including a custom website, over 50 videos, numerous presentations and sales scripts, online and print advertising, brochures, direct mail, email, broadcast advertising and client newsletters. Using Brand Central, items are customizable for each franchise. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Proprietary Software Franchisee Intranet Platform |
| Renters Warehouse | Newsletter, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation |
| Marketing | |
| Real Property Management | Our world-class marketing includes national public relations, publication of quarterly rental market statistics, media rates and performance data for broadcast media, research on rental property owner attitudes and perceptions, and a database of information about 14,000,000 prospective property investor clients. Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Renters Warehouse | Co-op advertising, National media, Regional advertising, |
| Operations | |
| Real Property Management | Number of Employees Required to Run: 1 - 3 |
| Renters Warehouse | |
Expansion Plans |
|
| US Expansion | |
| Real Property Management | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Renters Warehouse | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Real Property Management | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Renters Warehouse | |
| International Expansion | |
| Real Property Management | |
| Renters Warehouse | |