Is an All County Franchise a good investment for Real Estate Investors and Rental Property Owners?
Is an All County Franchise a good investment for Real Estate Investor?
It is hard to give you a straight ‘yes’ or ‘no’, but if you understand the business model of property management I think you may start to lean more towards ‘yes!’.
If you own your own rental properties then you know the benefits of having an asset that makes money for you in the background.
The problem is that anybody can manage 10 rental properties, but once you get past 10 – well managing 100 gets a little bit more difficult.
But then you get into doing property management as a business and you say, "Okay, if I manage a 100 rental properties I can get X. I don't have the real estate taxes, I don't have the insurance. I don't have the maintenance and upkeep. Now, if I manage a 1,000 of those properties my X becomes an XYZ, it's a grand slam.”
Real estate investors really understand the potential that property management offers, and that is why you see many of them get into the business for themselves.
I had the opportunity to interview the CEO of the All County Property Management franchise and ask her about getting into the franchise as a property investor. Her insight into property management is unparalleled and definitely worth a listen.
Watch the video and check out its transcript below to learn how All County Franchise may be the perfect investment for you as a rental property owner.
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.
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So drawing back on my experience, I think that most property investors have a plan. My plan was if I buy 10 rental properties and I pay them off I'm going to get X number in return and yay, I'm going to live off of that. Then you realize that maybe 10 isn't enough so then you say, "Okay, well I'm going to buy a 100 rental properties and I'm going to pay them off and I'm going to get X number of return."
Well, the problem is once you get past 10 - anybody can manage 10 rental properties - a 100 gets a little bit more difficult. And then you have factors like insurance and real estate taxes and normal maintenance, and you realize the number that you thought you were going to get from that property is smaller. But then you get into this business and you say, "Okay, if I manage a 100 rental properties I can get X. I don't have the real estate taxes, I don't have the insurance. I don't have the maintenance and upkeep." Now, if I manage a 1,000 of those properties my X becomes an XYZ, it's a grand slam.
And I think that that's what's so appealing to investors, is they realize that, "Yes, we're still investors," I still investment property, I will always own investment property, I mean it's just in my DNA. But I think we realize as investors the need for good, professional management and we also recognize the financial rewards that can be had if you're that individual.
I'll add something too on the investors. I think one of the reasons why this business appeals to investors as well is because they understand all of the dynamics that go into it. It's not easy, okay? A good property manager is going to make it look easy. And for us I call it the perfect storm or a property management ballet because we make it look effortless. It's not effortless. If it were effortless everybody could do it. But we have the tools, we have the training, we have the ability to really do this on a much larger scale. And it's, as I said, not for everybody. For me, I love it and I probably always will. But it is a business that's set up for high volume, it is a business set up not for turnover, and naturally you have a natural ebb and flow - I mean you have death, divorce, the occasional foreclosure. But for the most part when you gather these investors they're here longterm. They're looking for a longterm solution. And if you do a good job they stay with you.