FRANCHISEFOCUS INVESTMENT: FROM £300,000
Reaping the rewards After finding Platinum Property Partners,
Robin and Maxine Grant hit the ground running R
obin Grant has never been a stranger to hard work, but by the end of 2019, he will be earning a
six-gure income from property for ust over one day per week. Having co-founded a pet accessory company in 2005, he’d experienced the blood, sweat and tears needed to build a successful business. Now was the time to explore something he and his wife, Maxine, could do together.
Proven systems and a formulaic path “I decided I wanted a more formulaic path,” says Robin. “We wanted a low-risk business with proven systems in place and that’s why we looked at franchising.” In 2016, Robin and Maxine came across Platinum Property Partners (PPP) at a franchise exhibition. They heard founder Steve Bolton give his presentation, and were excited to learn that they could build their own property portfolio via a franchise system, and comforted by the fact that joining PPP would give them the expert guidance they needed.
A fast-track and full-time approach While many franchise partners join PPP for almost-instant time freedom, Robin and Maxine took a full-speed- ahead approach. By April 2017, just two months after joining, they’d started the refurbishment of their rst property. Two months in, they received the keys for their second project. By month three, when the work was nished, they had their rst fully tenanted house in multiple occupation (HMO) in Watford and the builders moved on to start the second project. “We never joined the franchise with
the view to take it slow as we knew we needed to build our business and earn an income quickly, so we have been non- stop since day one.” Thankfully, the extensive training and
mentoring from ’s ower Team and continued support from their HMO planning specialists were invaluable for Robin and Maxine – not to mention the expert advice on managing tenancies provided by PPP’s letting manager. As a result, the couple have six HMOs up and running less than three years after their journey started.
Part time and relatively passive Despite currently working on the
Robin and Maxine Grant
portfolio full time, Robin and Maxine still have the freedom to work when they want and are looking forward to the latter part of 2020 when they may not be growing the portfolio as aggressively. I estimate it will take no more than ve
to six days per month to manage, even accounting for tenant changeovers. If we were to then outsource the management, this would still give us upwards of £160,000 passive net income each year.”
"Joining PPP was the best decision we could have made"
Exceeding different expectations A lot has changed in the property market, but Robin and Maxine have continued to adapt with the ongoing support available from PPP and the network. They may have spent more on
refurbishment than initially expected, but this has been recouped at revaluation and they are achieving 40 per cent higher rents than the average of other non-PPP HMOs in the area. With a 99 per cent occupancy rate, they are also ahead of the competition when it comes to nding tenants and keeping them happy. “Without a shadow of a doubt, joining PPP was the best decision we could have made when picking the right franchise for us. They have been crucial, not only to our success, but to going into property at all.” l
PLATINUM PROPERTY PARTNERS Property investment 01202 652 101
platinumpropertypartners.co.uk info@platinumpropertypartners.co.uk
BUSINESSFRANCHISE.COM 65
Investment level: £100k+
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