Any time you’re exploring a business opportunity, revenue potential is one of the most important things to uncover. But more than average sales numbers, aspiring franchise owners should look for businesses with recurring revenue potential that can position them for long-term success.
Property management is unlike retail or fast-food franchises that are likely to bring in single or infrequent purchases. Instead, it provides reliable, long-term recurring revenue due to the nature of the business. Even better, franchise systems like Keyrenter have found ways to help property managers take on more properties with less time and less stress, allowing them to further maximize their profits by building their portfolio.
Take a look at how joining the property management industry can set you up with long-term, repeat clients that are great for business.
Consistent clientele builds business
Real estate is a long-term investment by nature. Many owners choose to hold onto properties to build equity and plan to sell in 20 or 30 years for much larger returns. In the meantime, they might rent out their units to bring in a steady stream of income. This is the perfect opportunity for property management franchises like Keyrenter.
As a property manager, you’ll seek out property owners in need of management services. Those owners will sign service contracts which will in turn provide consistent monthly revenue to your business. Once you have a few contracts underway, you’ll be able to easily project your revenue for the months ahead, making it easier to scale your business as a result of planned revenue.
Predictable revenue also provides other benefits as well. Your property management business will revolve around repeat clientele who work with you on a long-term basis. Building a portfolio of these clients can require more time and energy upfront, but their value is much higher. As they say in business, it costs more to find new clients than to retain current clients and turn those into further opportunity. Repeat clients have much greater loyalty to your business and are more likely to rely on your management services for future properties they acquire.
Additionally, this type of portfolio is inherently diversified. You won’t get all your money from a single contract, bur rather a variety of them. Multiple revenue streams inherently reduce risk and protect you from loss.
Altogether, these things result in predictable, long-term revenue that can help your business grow. With consistent sales, you can scale your business more easily, bring on more clients and maximize your personal income.
Keyrenter is designed to retain clients for the long term
Anyone who owns a property management business can enjoy these revenue benefits. However, joining a growing franchise system like Keyrenter can take you even further!
The Keyrenter franchise model is designed to make property management simpler and faster for both franchise owners and their clients. You’ll get access to a comprehensive suite of proprietary automated systems and technology that helps you manage more properties in less time, with less effort and less stress. With our systems, you’ll maximize your clients’ ROI and take good care of their properties, which builds loyalty and service dependability. Keyrenter franchise owners are never alone in their business; rather, they work together for one another’s benefit and for the benefit of the entire franchise system. Not to mention the ongoing support from the entire Keyrenter corporate team.
Grow your property management empire with Keyrenter
Aspiring entrepreneurs who are looking for a consistent, reliable business model would do well to explore property management. The Keyrenter Property Management opportunity helps franchisees build and maintain a pool of long-term property owner clients and offers significant financial advantages over other franchises. Contact us to learn more about our business model and to launch your own property management business!