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Updated RecentlyRenters Warehouse vs HomeGate Real Estate Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Renters Warehouse vs HomeGate Real Estate including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $14,819 - $50,405 | $3,500 - $10,000 |
| Franchise Fee | $1,000 - $10,000 | N/A |
| Royalty Fee | 4.5% | - |
| Advertising Fee | - | - |
| Year Founded | 2007 | 2017 |
| Year Franchised | 2011 | 2017 |
| Term Of Agreement | 7 years | - |
| Term Of Agreement | 7 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Q. Do you need business experience to run a Renters Warehouse property management franchise? A. No, Renters Warehouse will provide your initial training and also ongoing support. We will also provide you with a well documented and easy to use operations manual. | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | Available at headquarters: 5 days. At franchisee's location: 2 days. | At Headquarters By Video Online By Phone |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation | Meetings Advertising/Marketing Sales Leads Technical Support Online Support Phone Support |
| Marketing | Co-op advertising, National media, Regional advertising, | - |
| Operations | - | Business can be added on to an existing business. |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Renters Warehouse
The Renter's Warehouse franchise offers a complete business model based on technology, operating systems, marketing programs and proven property management business tools.Renters Warehouse was named the largest and fastest growing property management company in Minnesota by Inc. Magazine. In addition to Minnesota, they are ranked #3 in the nation. Renters Warehouse is also considered the largest Minneapolis Property Manager. Renters Warehouse was featured #132 in the Inc. 500 for fastest growing privately held companies in America!
Renters Warehouse is America’s full-service property management and investment services company for Single-Family Rental homes.
We believe our clients deserve a partner to help them execute on their real estate investment strategy with ease. Our real estate investment marketplace services and hassle-free property management will help you to take the next steps to financial freedom.
About HomeGate Real Estate
Always Honesty, Integrity, and Trust
HomeGate Real Estate® is an innovative, cloud-based brokerage.
Join Our Nationwide Expansion. Open An Office In Your Market Today!
Our unique structure gives our REALTORS® the opportunity to create residual income through retirement.