Start-Up Costs and Fees |
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| NextHome | Renters Warehouse | |
| Investment | 14750 - 213100 | 14819 - 50405 |
| Franchise Fee | ||
| Royalty Fee | $180-$190/mo. | 4.50% |
| Advertising Fee | $75-85/transaction | |
| Year Founded | 2014 | 2007 |
| Year Franchised | 2014 | 2011 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
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| NextHome | Renters Warehouse | |
| 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 |
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| NextHome | Renters Warehouse | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| NextHome | Renters Warehouse | |
| Training | Classroom Training: 28 hours | Available at headquarters: 5 days. At franchisee's location: 2 days. |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation |
| Marketing | Ad Templates National Media Social media SEO Website development Email marketing | Co-op advertising, National media, Regional advertising, |
| Operations | Number of Employees Required to Run: 1 | |
Expansion Plans |
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| NextHome | Renters Warehouse | |
| 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 | |
| NextHome | |
| Renters Warehouse | |
| Franchise Fee | |
| NextHome | |
| Renters Warehouse | |
| Royalty Fee | |
| NextHome | $180-$190/mo. |
| Renters Warehouse | 4.50% |
| Advertising Fee | |
| NextHome | $75-85/transaction |
| Renters Warehouse | |
| Year Founded | |
| NextHome | 2014 |
| Renters Warehouse | 2007 |
| Year Franchised | |
| NextHome | 2014 |
| Renters Warehouse | 2011 |
| Term Of Agreement | |
| NextHome | |
| Renters Warehouse | 7 years |
| Renewal Fee | |
| NextHome | |
| Renters Warehouse | |
Business Experience Requirements |
|
| Experience | |
| NextHome | |
| 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. |
Financing Options |
|
| Franchise Fees | |
| NextHome | |
| Renters Warehouse | |
| Start-up Costs | |
| NextHome | |
| Renters Warehouse | |
| Equipment | |
| NextHome} | |
| Renters Warehouse | |
| Inventory | |
| NextHome | |
| Renters Warehouse | |
| Receivables | |
| NextHome | |
| Renters Warehouse | |
| Payroll | |
| NextHome | |
| Renters Warehouse | |
Training & Support |
|
| Training | |
| NextHome | Classroom Training: 28 hours |
| Renters Warehouse | Available at headquarters: 5 days. At franchisee's location: 2 days. |
| Support | |
| NextHome | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Renters Warehouse | Newsletter, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation |
| Marketing | |
| NextHome | Ad Templates National Media Social media SEO Website development Email marketing |
| Renters Warehouse | Co-op advertising, National media, Regional advertising, |
| Operations | |
| NextHome | Number of Employees Required to Run: 1 |
| Renters Warehouse | |
Expansion Plans |
|
| US Expansion | |
| NextHome | 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 |
| 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 |
| Canada Expansion | |
| NextHome | |
| Renters Warehouse | |
| International Expansion | |
| NextHome | |
| Renters Warehouse | |