Unless you’ve been living under a rock, you will probably have heard about UK ‘staycations’ increasing popularity. Despite the re-opening of international travel and the impact of nationwide covid-19 restrictions, the British staycation market is continuing to boom into 2022. Property has always been a profitable industry in the UK, and short-let renting, particularly, has proved very lucrative. 

You might be looking for a new investment opportunity, a new career, or looking to start your own business. There are hundreds of franchise opportunities, so why should you invest in a short-let franchise? Read on to find out why

• Become your own boss

A key advantage of property franchising is the opportunity to become your boss and manage your workload. You can be as hands-on or off as you like in running your business; either delegating to your managers or overseeing all aspects of the business. This element of franchising is a very attractive prospect to many people who are ready for a career change.

• Work/Life Balance

Another top advantage of starting a franchise in this area is the fantastic work/life balance it provides. You control your working hours and have the option to delegate the day-to-day running of the business to staff if it suits your lifestyle. As your own boss, you can achieve a healthier work/life balance than most other industries can offer. This is great if you have family commitments, are a caregiver, or simply wish to have greater control over your working hours.

• Growth opportunities

As mentioned, the short-let property market has been upward since 2008, and the global short-let industry has become a truly booming business. There may be fluctuations in the market (as seen during the pandemic), but this industry has proved it will come back stronger than ever. You will struggle to find a franchise opportunity in such a robust industry and can be reasonably confident that your investment will pay off.

The popularity of Airbnb will help boost your short-let property business as the success of this industry is widely recognized. In many areas, it is likely to sell itself.

• Wide-reaching support

Contrary to what you may think, most short-let property franchises require no property experience background. Of course, it is helpful to have experience in the industry, but it is not required. You may simply have an interest in the property, Airbnbs, or renting. What counts most is passion and a pro-activeness to go out and create an effective client base. 

Many parent companies provide ongoing support to new property franchisees, regardless of any previous experience they may have. Depending on the size of the parent company, you are likely to have a wide-reaching network of property franchisees whom you can rely on for support. The popularity of property franchising provides you with a strong support system to help your business thrive.

• Home-based franchise

Working as a property franchisee, office space is not technically required, and you have the option to manage your business from home. This flexibility removes the expensive overhead of office rental payments and helps you achieve a better work/life balance.

• Low-risk investment

With international tourism figures peaking at 40 million visits to the UK in 2019 and plenty more Brits opting to have a “staycation”, short let property will always be in demand in the UK. You can be confident that you are investing in a stable market that provides a low-risk investment opportunity. This is ideal for those without prior experience in the industry.

Start your short-letting journey today

Pass the Keys is proud to have a tight-knit, supportive community of 57 Franchise Partners across the UK. Our award-winning Franchise Opportunities come complete with a 6-week fast-track training programme, strategic digital marketing plan, industry-leading technology, and uncapped earnings. 

We are a national brand, providing all our franchisees with the support you expect from a nationwide company. Our partners provide the local edge, and together we provide an effective mix of local and national expertise to help get your business running. Our nationwide franchise community hold regular local and national meetings to support, innovate and solve problems, so no franchise is left alone. 

Moreover, we have developed in-house technology that allows our franchisees to scale their business effectively. Our technology provides a complete short-let management solution so that Franchise Partner can manage 50 properties effectively.

Interested?... See what our franchise partners have to say here.