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“Pass the Keys is looking for dedicated and hard-working partners to fast-track their franchise journey to success”


Pass the Keys 


ass the Keys is revolutionising the property management industry, disrupting the status quo and specialising in the booming short-let market. The brand is the UK’s largest Airbnb professional co-host and the only short-let property management franchise in the country. Pass the Keys puts its clients’ properties on platforms like Airbnb and Booking. com, and manages all the work in exchange for a cut of the money.


Background Pass the Keys was founded in 2015 by Alexander Lyakhotskiy and Zoe Vu after they faced the challenges of short- letting first-hand. The vision was to make short-letting easy, providing a hands-off experience for property owners while maximising their earnings. Since then, the company has gone from strength to strength, growing at a rate of 300 per cent year on year and managing properties on behalf of satisfied hosts all over the UK. Having been awarded Airbnb professional co-host status in 2018 and shortlisted for Best Short- Letting Agency by the National Landlord


66 | The Franchise Magazine 2020


Investment Show in 2019, Pass the Keys is proud to be a trusted UK brand. Initially the company operated


internally, but after four years of improving techniques and overcoming obstacles, Pass the Keys now has a proven business model available to franchisees. With a 100 per cent partner success rate, the business is looking to empower more franchisees to succeed in the industry.


Market opportunity In 2018, Airbnb generated £854million for hosts in the UK alone. Platforms such as Airbnb appeal to tourists and business travellers alike who are looking for a more local alternative to chain hotels. Homeowners can earn up to 50 per cent more from short-letting compared to traditional long-term lets, but sometimes have neither the time nor the resources available to manage their property themselves. In fact, only 10 per cent of the stock available for short-letting is currently listed, meaning that 90 per cent of the opportunity is left to be taken. The demand for property management services specialised in short-letting is huge!


Franchise programme For an investment of £18,000 including vat, inclusive of a £3,000 marketing budget to ensure you get off to a flying start, you will have ownership of your local Pass the Keys branch. You will be given comprehensive


training and have access to a full ongoing support system to ensure your success. Pass the Keys is looking for dedicated and hard-working partners, and like most entrepreneurs, you will be required to work across many disciplines initially, so diverse skills and knowledge will be beneficial. Pass the Keys has developed its industry-leading in-house tech to allow you to effectively scale your business. Current and future automation of aspects such as pricing, supplier management and finance results in a streamlined process, so you can focus more time on the quality of service for your hosts and guests.


Partner with Pass the Keys and


fast-track your journey to success in short-let property management by joining a market-leading brand in one of the most exciting emerging economies of this sector!


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