Franchising is a great option for those looking to start their own property management business. Going the franchise route provides security of the training and proven systems of the franchisor to rely on. It makes sense that franchises have a higher success rate than starting a business from scratch, but starting a franchise business still has its risks.

FRANCHISING PROS

A proven system. When buying a franchise you get access to a proven system and business model. Most Franchises boast decades of experience and success in the industry.

Training and support. Many people realize that starting a new business is no small endeavor. A good franchise provides you with superior training and ongoing support, giving even the most experienced business owners a greater chance for success.

Name recognition. When you buy a property management franchise you tap into an already established brand. People are more apt to trust a brand that is established, recognizable, and has a good track record.

Networking. On top of being able to get support from the franchisor, you get access to an entire network of franchisees just like you to learn from and grow with.

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This couple makes an awesome pair of franchise owners!

Meet Hon and Su. The married couple that each owns their separate franchise businesses.

While most couples buy a house or a dog, this couple decided to buy a pair of businesses together.

As the lead digital strategist for All County, I got to interview the All County CEO Sandy Ferrera and she told me the story of how her sister and brother-in-law became franchisees.

Even though her sister came into the business kicking and screaming, she ended up being one of the highest yielding franchise locations to date.

And Hon was actually part of the franchise recruitment team! After helping sell franchises he saw the benefit of owning an All County franchise location and decided to invest in one for himself. He took the leap, made the investment, and the rest is history.

Now Hon and Su are two of All County’s highest producing franchises.

To hear the rest of the story watch the video and check out its transcript below.

And if you want to know more about the All County Franchise Opportunity then I encourage you to download the All County Brochure. It is a good place to start.

Want to get notified the next time we upload videos like the one above? It’s easy, simply subscribe to our YouTube channel.

Video Transcript:

Sandy Ferrera:

So my sister and brother-in-law are franchisees. They initially were not franchisees. My sister never wanted to do this business, she remembered what I did in the early days. She was in television, she saw me grow the business. She said never in a million years would she ever entertain property management. But Hon was working besides Scott and I in helping to recruit and launch the franchise system. And after we had signed four I looked at Scott and I said, “This is not fair to Hon,” because he wanted a territory and we would award him one. We didn’t want a fellow family member to be one of our first franchisees, but after four we said, “It’s just not fair to Hon.” But the caveat was that my sister would have to work in the franchise while Hon helped us continue to grow and recruit franchisees.

So she agreed, extremely reluctantly because she didn’t want to do the business, and she said she would do it for six month. Well, six month came and went, she ended up really starting to enjoy the business, she quit her television job. And when it was time for Hon to go and join her in the business she didn’t want him there. She felt like she had created this amazing business and she didn’t need Hon to come in three years later and tell her what she should or shouldn’t be doing. That was a unique moment for us. And fortunately, Hon has his own location in Clearwater and many years later they both have the ability to run their businesses separately as well as jointly. They found that happy niche.

What does a Franchise Owner do Each Month?

What does an All County Franchise owner do each month?

Simple – They rent homes. That is a what a property manager does.

But what are their day-to-day operations like?

Well if you talk to our Franchisees you’ll realize pretty quickly that they didn’t get into the business to be a property manager. They got into the business to be a business owner. They wanted to build their own business to help them build wealth, financial freedom, more lifestyle choices, etc..

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franchise-investment

Should you Invest in an All County Property Management Franchise?

Is a Property Management Franchise a good investment?

Well… the business model is tested and proven, but that doesn’t necessarily make it the right investment for you.

There is a lot of customer-service involved and a seemingly endless amount of ‘putting out fires’, but the reward is a nest egg of secure and long-term passive income that pays you back every single month.

Our director of Digital Strategy, Brandon Paul, had an opportunity to interview the All County CEO and get her input. Watch the video below to hear what she has to say about the franchise model for the property management business. Her response may surprise you…

Check out the video and its transcript below.

And if you want to know more about the All County Franchise Opportunity then I encourage you to download the All County Brochure. It is a good place to start.

Want to get notified the next time we upload videos like the one above? It’s easy, simply subscribe to our YouTube channel.

Video Transcript:

Sandy Ferrera:

Our franchise model is not going to be right for everybody. We have a huge human aspect. We’re dealing with people’s every day lives, and that’s difficult for some. If you enjoy real estate, if you enjoy the investing part of it it’s a great business. And if you can really look at yourself as the asset manager or the liaison between the investor and the resident then it can be a very lucrative business. If you’re one of those individuals that’s very emotional, this may not be the business for you.

Whether you’re looking at our concept or you’re looking at another concept or you’re thinking about doing something on your own, the most important thing is to talk to the people that have done it before to gain as much knowledge as you can. And realize that sometimes it’s a lot easier to do it and pattern it if you have somebody there that’s giving you the playbook. If you’re trying to invent the wheel yourself it’s a lot harder to get to where you want to go.

So whether it’s All County or something else, my recommendation is do your homework, research it. And whatever you decide to do, surround yourself with great professionals that can help you to get to where you want to go.

recession-proof

Would a franchise improve your odds of succeeding as a business owner?

What are the benefits of buying a franchise? Does it Help?

Franchising can come with all sorts of ups and downs, but it can be a major asset in helping you achieve your business goals.

The support you get from corporate office, the help from other franchisees, the pre-made marketing materials… All of it combined can be like adding rocket fuel to your business growth.

All County’s lead digital strategist, Brandon Paul, had the opportunity to sit down with the All County CEO Sandy Ferrera to talk about franchise and support. Watch the video below and learn about the benefits of franchising and what All County has to offer.

Watch the video of Sandy and check out the transcript below.

And if you want to know more about the All County Franchise Opportunity then I encourage you to download the All County Brochure. It is a good place to start.

Want to get notified the next time we upload videos like the one above? It’s easy, simply subscribe to our YouTube channel.

Video Transcript:

Sandy Ferrera:

So somebody asked me the question of, “Should I do this? I’m nervous.” My feeling is that we all have fears. If you don’t have any fears about success or failure I probably don’t want you as a franchisee because we all have fears, that’s natural, that’s what drives us. And we’re a different concept. We in the early days set out to grow a business and what we’ve done is we’ve really grown a family. Yes, we have successful franchisees, but they’ve become a part of us.

And what really sets us apart are our franchisees. If you talk to them, they’re an amazing bunch. They will share anything with you. They’ve had dinner with us, they’ve stayed at our house, we’ve stayed at theirs. And they’re really there to help one another succeed. And if you read the FDD, it’s very clear about support. Last night we went through a major upgrade on our software and at eight o’clock I had franchisees texting my cell phone that needed assistance, and we were there to assist. There’s no extra charge for that. We want them to be successful, and I think that in order to have that occur you really need the right nurturing environment. And training is paramount, you got to have the tools, you got to have the knowledge. This is a business that has many different facets and it’s hard to know everything you need to know. So you want to have somebody that you can reach out to, you want to know that there’s somebody there if you needed something. And I think that when you talk to our franchisees and when you meet them that really comes across loud and clear. I mean just really a super, super group of individuals. We’re very fortunate.