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Lettings & Property
About No Letting Go
No Letting Go Inventory Management provides a variety of property management services, including landlord inventory services, tenant inventory services and corporate property inventory services.
Beyond that, No Letting Go also offers commercial property services that include estate and block management inspections, post work inspections, public house tenancy change inventory checks, commercial property inventory and insurance claim checks.
No Letting Go’s inventory services to the lettings industry are primarily condition reports on residential rented properties at different stages of a tenancy, including check-in, mid-term checks and check-outs, as well as a host of add-on services, which means that the company now has the largest network of branded clerks and inspectors in the UK, and one of the largest providers of services to the property management market.
What is the background of the No Letting Go franchise?
The company was co-founded by Nick Lyons and Adrian Perrett in 2007. The two colleagues already had experience in the property market as they were both managers with Property24 in the early 2000s.
Lyons continues to work as CEO of the company today, providing services to lettings agents, landlords, property management agents, commercial agents, councils, housing associations, national property management companies, pension fund property portfolios, retirement homes specialists, relocation companies, online property management companies, serviced short term lets companies and holiday let companies.
No Letting Go is described as a “low entry cost, high margin, white collar business,” and has 65 offices across the UK and over 300 clerks and inspectors.
The brand’s mission is to help clients, whether independent, large regional, corporate, national or online, create accurate, fully-compliant property reports, wherever you are, whenever they are needed.
No Letting Go was awarded the Supplier of the Year award at the 2009 National Landlord and Buy-to-Let Awards, and the Bronze Lettings Supplier of the Year 2016 presented by The Times and The Sunday Times.
No Letting Go is an associate member of the BFA and accredited by the National Landlords Association (NLA), the Association of Residential Letting Agents (ARLA/PropertyMark), the Property Redress Scheme (PRS) and the Deposit Protection Scheme.
How does No Letting Go’s property management service franchise model work?
No Letting Go describes its franchise framework as a low risk way for businesspeople to start their own enterprises - the No Letting Go model provides franchisees with a high return on their investment in a solid and reliable market place that is growing year-on-year.
The company currently has 60 franchisees operating around the United Kingdom in its own prime marketing territories, the majority building their businesses from sole trader conducting property inspections themselves, growing the business until they can take on inventory clerks who can carry out most of the report preparation and dealing with tenants, leaving the franchisee free to manage and further build the business by developing relationships with the residential lettings providers in the area.
The key services provided include a detailed report on the general condition of the property prior to a tenant taking possession, as well as detailing the items in the property — it covers the décor, cleanliness, meter readings, compliance with legislation such as smoke and CO2 detectors, and the risk of legionella.
This report can then be used for the check-in with the tenant in which they accept and sign for the property in the condition it was in when they moved in and mid-term property visits.
You won’t need any industry experience or qualifications to become a No Letting Go franchisee, as the company offers everything as part of the franchise package.
The initial franchise fee is £17,950 with a capital of £7,000. The royalty fee is 10 per cent.
What support and training does the No Letting Go franchise offer?
The first steps in the journey to becoming a No Letting Go franchisee include an informal phone call where you can ask any questions and sound out the area you are interested in to see if it is available.
A meeting will allow you to evaluate the business opportunity and the company and let No Letting Go get to know you. Franchisees will have the opportunity to speak to, or even meet, existing franchisees before any final decisions are made.
The franchisee will receive extensive initial and ongoing training on all aspects of the business from inventory reporting to sales, marketing and leadership through the No Letter Go Academy. Through them a franchisee will be given all the required business processes and planning tools, market-leading inventory management software and guaranteed local work as part of the franchise-wide contracts negotiated by the franchisor with national letting agents.
After the initial classroom period, the franchisee will receive one-on-one training time providing advice and guidance in all aspects of the business, generating reports, winning business, managing the operation, recruiting clerks or general administration.
No Letting Go’s training not only focuses on the delivery and management of the condition of a property prior, during and after a tenancy, but also on a wider understanding of the lettings business.
This includes knowledge of tenancy deposit schemes, legal requirements, tenancies agreements, landlord and tenant obligations and much more. To ensure its high standards are maintained, it is crucial that the franchise business owners understand all aspects of the lettings procedure, ensuring that No Letting Go continues to offer the very best in the market place.
No Letting Go has invested greatly in bespoke technology in order to keep ahead of its competitors. The heart of the business, and the key to its success, is creating quickly compiled, detailed and accurate reports, which can be swiftly delivered to the client.
Through KAPTUR, these can be generated on-site on a tablet and stored and accessed in a unique online CRM system, which has been designed to minimise the administration time for the franchisee.
Support is offered by the head office team, with a dedicated franchise support manager devoted to maximising the potential of each franchise and, as well as providing advice and guidance in all aspects of running the business.
The company is constantly seeking new services that complement the existing services on offer to its clients, improving working methods, marketing the brand to the property industry, developing and streamlining the KAPTUR system and negotiating national contracts as appropriate.
What is No Letting Go’s track record like for reliability?
Recognised by all three of the governments deposit schemes —Deposit Protection Service (DPS), My Deposits and Tenancy Deposit Scheme (TDS) — No Letting Go has an exceptional record for reliability, quality and professionalism. There have been no cases lost as a result of using the complete No Letting Go service, and the company prides itself in the turnaround of its services.
What are the latest innovations which No Letting Go franchisees are able to utilise?
In the summer of 2018, No Letting Go franchisees were introduced to the latest in marketing: virtual tours. These are predicted to become a vital part of property viewings in the future. Virtual reality (VR) has been gaining popularity in the gaming world for years, and is the logical next step in property management.
Traditionally agents could spend entire days off-site with potential buyers narrowing down a list of properties. With VR, buyers and renters are treated to a more accurate representation of a property.
They can walk the space and complete first viewings of properties from the comfort of their own home or the agent’s office.
The experience is so immersive, you can step out onto balconies and take in the views around the property as well. To set up a VR tour for a listing, agents will require the help of an industry professional, and that is where No Letting Go franchisees can step in.
Where are No Letting Go branches currently located?
There are now 65 branches of the business that can be found in Ashford, Barnet, Bath, Birmingham, Black Country (Tipton), Brentwood, Brighton, Bristol, Bromley & Bexley, Canterbury, Chelmsford, City-West End (City of London), Colchester, Coventry, Crawley, Croydon, East Lancs (Winwick), East Staffordshire, Eastbourne, Edinburgh, Enfield, Farnborough, Glasgow, Gloucestershire, Gravesend, Greenwich, Islington, Lancashire, Leeds, Leicester, Manchester North, Manchester South, Medway, Milton Keynes, Norfolk, Norwich, Nottingham, Oxford, Oxfordshire, Peterborough, Portsmouth, Preston, Reading, Reigate, Richmond, Romford & Docklands, Scotland, Sevenoaks, Slough & High Wycombe, Southwark, St. Albans, Stockport, Stratford & Newham, Sutton & Merton, Swindon & Cotswolds, Uxbridge, Walthamstow, Watford & Harrow, West
Berkshire, West Surrey (Guildford) and Winchester.
How in-demand is property rental right now?
UK rents are expected to rise over the next few years by 15 per cent. The latest Royal Institute of Chartered Surveyors (RICS) UK Residential Market Survey shows the lettings market holding steady at a time when fewer properties reaching the market are dragging down house prices. While the supply of rental stock coming onto the market is in decline, rent growth is expected to outpace prices, rising 3.1 per cent per annum over the next five years.
Demand for rental properties is being driven in part by millennials who, according to an estimate by marketplace lending platform Landbay in 2017, are expected to spend upwards of £100,000 on rent before purchasing their first home. 40% of young people believe they will never step onto the property ladder, and as lifetime renters they may pay over £1 million to landlords in their lifetime.
How can I get started on setting up my own No Letting Go property rental franchise?
With No Letting Go, the route to taking on a franchise begins with an informal chat. To find out more, or to request further information on franchising with No Letting Go, click on the ‘Send Enquiry’ button now.
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No Letting Go
No Letting Go provides a variety of property management services, including...£17,950 Minimum Investment