Property Management Jobs: Become Your Own Boss with a Franchise

26/10/2018 08:00 | Become A Franchisee

property management jobs

Property management jobs are often thought of as the same as an estate agent. While there are some similarities, both play different roles in the world of buying and selling properties.

What is property management?

If youre a landlord, you may choose to enlist the help of a property manager to oversee your investments. Although youll have to pay for the services of a property manager, they can look after your rental property if you dont live in the area or take care of your portfolio of properties if you own more than one.

What do property management jobs entail?

The responsibilities that come with property management jobs include:

Dealing with tenants

A property manager acts as a go-between for the landlord and the tenants. Essentially the property manager becomes the first port of call for the tenants once theyve moved in. If there are any issues, then the property manager resolves them. They handle complaints and collect the rent. This removes much of the stress that can be part and parcel of being a landlord.

Liaising with landlords

As well as being there when tenants need them, property managers also maintain communication with landlords. Its important that landlords are kept informed of any imminent vacancies, any issues that arise and what repairs have been carried out.

Perhaps the most valuable role that a property manager plays is that of an advisor for the landlord. Being able to share insights and information regarding all aspects of letting a property means that a landlord doesnt have to concern themselves with keeping up to date with industry news. This is a service that both inexperienced and busy landlords are prepared to pay for.

Maintaining the property

At the core of property management jobs is maintaining and repairing properties on behalf of landlords. Being on hand when a boiler breaks or a window is smashed is key to keeping tenants satisfied and safe.

As well as repairing things when they go wrong, its essential that the property is maintained to a good standard. This requires a wide range of maintenance duties both within the property and the surrounding areas. From clearing gutters and mowing the lawn to fixing appliances and replacing carpets and everything in between.

The role of a property manager is varied with no two days bringing the same challenges. This can be a great career choice for aspiring entrepreneurs who like to take a hands-on approach to their job.

Consider franchising?

If youre interested in property management jobs, but you want the freedom and flexibility of being your own boss, then you could invest in a franchise. This way you can start your own business with the support of a brand that has a proven track record of success.

You dont need to have any previous experience of working in property management jobs either. As a franchisee, youll receive all the training you need in return for the franchise fee. Youll get help with all aspects of running your business and support as and when you need it.

Property management jobs London

Perhaps one of the toughest places to be a property manager is in London due to the amount of competition in the capital. This is when being a property management franchisee is advantageous. By being part of an established, professional, recognisable brand, youre able to stand out from the competition.

One such franchise is Nicholas Humphreys Estate Agency which was first became franchised in 2012. Taking a different approach to traditional letting agents, Nicholas Humphreys introduces a unique spin on the lucrative student letting industry. For this reason, its one of the best franchises to buy if you want to invest in a dynamic and highly-regarded company.

You dont need any previous business ownership experience, nor are you required to have a background in the property letting and management sectors. To become a successful Nicholas Humphreys franchisee, you need to be ambitious, enthusiastic and self-motivated.

The size of your business and the rate at which you grow is entirely down to you. You can choose to start a field-based franchise to keep costs to a minimum, or you can find a fixed location ideally placed to encourage customers to visit. Youll also receive full training and be supported to launch your new estate agent franchise.

Alternatively, you could decide to invest in a Northwood franchise. Established in 1995, this estate agency franchise specialises in providing guaranteed rent, differentiating this business in a busy marketplace. Where most letting agency franchises act almost as a mediator between landlords and tenants, this business is distinct in the fact that it pays the landlord a fixed rental income and takes responsibility for managing the property.

The benefits that this model offers landlords includes guaranteeing an income even when a property is empty, or the tenants won't pay. This unique selling point can be promoted and used to attract landlords' attention, even if there are lots of other estate agents in the same area.

Property management accounting jobs

If numbers are more your thing, then you could consider starting a property management accounting franchise. One such opportunity is available with Certax. The franchise specialises in accounting, bookkeeping, auditing and financial advice while always remaining committed to meeting the needs of their clients with professionalism and expertise.

Certax is unique in that it offers the chance for franchisees without previous accountancy experience or qualifications to open their own professional accounting business. Depending on your level of knowledge, you can purchase one of four packages. For complete novices, there is the full accountant's package which provides franchisees with a month-long training programme designed to teach them everything about the accounting industry.

For qualified accountants, franchisees will receive a quick three-day course centred on teaching aspects of Certaxs proven business model, while franchisees opting for the bookkeeping package will attend a one-week course. Theres also an option for qualified accountants to select the self-study package so that they can learn all about the business model from the comfort of their own home.

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