Jim Williams – Development Agent Real Estate Franchise Coach and Mentor
Are you currently a real estate investor, wondering why – or if – you should purchase a Franchise? Here’s what happened with our team who, after 10 years of “going it on our own,” decided to purchase a HomeVestors Franchise. Our family, coaching clients, friends, and peers all thought we were CRAZY! Why mess with success?
Jim Williams, Kiet Nguyen, and Karen Rittenhouse (JKK Property Investors), started real estate investing in 2005 – the good times, survived the market downfall, and climbed back up out of the mess the banking industry put us all in. We had no one to ask how, what, where, why, or when during the worst U.S. economy since the Depression of 1929. We struggled, and we survived, only to have no real direction in the post 2008 real estate world.
At the time we considered joining HomeVestors of America (HVA), we had two office locations, 16 full-time employees, a Property Management Company, a full service Real Estate Brokerage and a real estate coaching business, all functioning as offshoots of our investment company that held roughly 125 of our own rental properties. We had a solid net worth and a strong monthly income.
However, we were not “satisfied” and were tired of:
- being constantly beaten down by market shifts
- functioning in a somewhat less-than-respected industry
- having to create and recreate every area of the business as the need arose
- having to scour for knowledge regarding issues in our business no one had experienced before
- having no peer group to relate to and no successful peers to grow with
- being compared to the bandit sign investors
- having no “successful mentors” beyond where we were in the business
Were we successful? We purchased 43 houses the year before buying our HomeVestors Franchise so, yes, compared to many other investors we were successful.
Were others following us and our success? Yes. We had a successful real estate coaching business.
Did we NEED to take on a franchise? No. Well, not that we knew at the time …
Are we glad that we decided to take on a franchise and would we do it again? Absolutely, YES! In fact, we wish we’d done it sooner because there’s no question we’d be further along toward accomplishing our goals and vision of success.
What advantages have we found that make it more than worth the HVA buy-in costs and ongoing fees?
- We increased our buying business by 90% and our selling business by 100% in our first 12 months with the franchise. Absolutely Amazing!
- When we run into an obstacle or new “twist” in the market, rather than creating yet another way of doing business, we simply plug into the processes HomeVestors has already created.
- HVA offers the systems necessary to function from the start-up level to the most advanced business levels so you can scale up as your business grows.
- We find consistently higher quality leads, and a higher level of functionality due to the
standardization of their processes.
- HVA provides world class buyer training resulting in higher volume and deeper discounts than ever before.
- Problems are solved in hours rather than the weeks and months you can spend searching for answers in the market place on your own.
- The Franchise Development Agents (DAs) don’t get paid unless you succeed. There are no upfront training costs where you hope to get help as your need arises – the DAs are there from the beginning and whenever you need them.
- We received the rapid recognition associated with the branding that HomeVestors has created since 1996.
- At our level of success, we were looking for an upgraded peer group. HomeVestors has that, with some franchisees buying up to 128 houses a year and owning over 400 rentals. There’s plenty of room to grow through leadership provided within the franchise peer group.
- HVA provides simple and understandable solutions to complex real estate specific problems.
- We find non-competitive leads.
- HVA provides an integrative contact management system.
- Multiple franchisees in the same market sell to, interact with, and combine marketing funds for exponential exposure.
- Special pre-designed and exclusive venues help sell your properties to the marketplace.
What’s needed for a successful real estate investing business:
- brand recognition
- quality lead generation
- marketing tools
- accounting processes
- buying/selling processes
- peer support
- access to funds
- the ability to be a problem solver
We were immediately handed all of this through our HomeVestors Franchise. How frustrating that we had spent years trying to create it on our own.
No matter which business venture you enter, don’t take the time and expense to recreate the wheel. Find someone who already has a fully functioning wheel and buy it from them. This will absolutely start your business years ahead of anyone going it on their own. We know, we did it the hard way – we did it OUR WAY. We wish we’d had the HomeVestors way much sooner, but we have it now and we’re loving it!