Start-Up Costs and Fees |
||
| Renters Warehouse | Weichert Real Estate | |
| Investment | 14819 - 50405 | 62500 - 324700 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 2007 | 1969 |
| Year Franchised | 2011 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Renters Warehouse | Weichert Real Estate | |
| Experience | 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 |
||
| Renters Warehouse | Weichert Real Estate | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Renters Warehouse | Weichert Real Estate | |
| Training | Available at headquarters: 5 days. At franchisee's location: 2 days. | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, National media, Regional advertising, | Co-op Advertising National Media Regional Advertising Social media Email marketing |
| Operations | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Renters Warehouse | Weichert Real Estate | |
| 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Renters Warehouse | |
| Weichert Real Estate | |
| Franchise Fee | |
| Renters Warehouse | |
| Weichert Real Estate | |
| Royalty Fee | |
| Renters Warehouse | 4.50% |
| Weichert Real Estate | 6% |
| Advertising Fee | |
| Renters Warehouse | |
| Weichert Real Estate | 2% |
| Year Founded | |
| Renters Warehouse | 2007 |
| Weichert Real Estate | 1969 |
| Year Franchised | |
| Renters Warehouse | 2011 |
| Weichert Real Estate | 2000 |
| Term Of Agreement | |
| Renters Warehouse | 7 years |
| Weichert Real Estate | 7 years |
| Renewal Fee | |
| Renters Warehouse | |
| Weichert Real Estate | $1K |
Business Experience Requirements |
|
| Experience | |
| 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. |
| Weichert Real Estate | |
Financing Options |
|
| Franchise Fees | |
| Renters Warehouse | |
| Weichert Real Estate | |
| Start-up Costs | |
| Renters Warehouse | |
| Weichert Real Estate | |
| Equipment | |
| Renters Warehouse} | |
| Weichert Real Estate | |
| Inventory | |
| Renters Warehouse | |
| Weichert Real Estate | |
| Receivables | |
| Renters Warehouse | |
| Weichert Real Estate | |
| Payroll | |
| Renters Warehouse | |
| Weichert Real Estate | |
Training & Support |
|
| Training | |
| Renters Warehouse | Available at headquarters: 5 days. At franchisee's location: 2 days. |
| Weichert Real Estate | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Support | |
| Renters Warehouse | Newsletter, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation |
| Weichert Real Estate | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Renters Warehouse | Co-op advertising, National media, Regional advertising, |
| Weichert Real Estate | Co-op Advertising National Media Regional Advertising Social media Email marketing |
| Operations | |
| Renters Warehouse | |
| Weichert Real Estate | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| 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 |
| Weichert Real Estate | 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 | |
| Renters Warehouse | |
| Weichert Real Estate | |
| International Expansion | |
| Renters Warehouse | |
| Weichert Real Estate | |