Renters Warehouse vs Corcoran Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Renters Warehouse vs Corcoran including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Renters Warehouse Franchise
Corcoran Franchise
Investment $14,819 - $50,405$52,850 - $520,500
Franchise Fee $1,000 - $10,000$35,000
Royalty Fee 4.5%6%
Advertising Fee -0.5%-1%
Year Founded 20072015
Year Franchised 20112019
Term Of Agreement 7 years-
Term Of Agreement 7 years-
Renewal Fee --


Business Experience Requirements
 
Renters Warehouse Franchise
Corcoran Franchise
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.

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Financing Options
 
Renters Warehouse Franchise
Corcoran Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Renters Warehouse Franchise
Corcoran Franchise
Training

Available at headquarters: 5 days. At franchisee's location: 2 days.

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Support

Newsletter, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation

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Marketing

Co-op advertising, National media, Regional advertising,

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Operations --

Expansion Plans
 
Renters Warehouse Franchise
Corcoran Franchise
US Expansion YesYes
Canada Expansion --
International Expansion -Yes

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 Corcoran

"Corcoran

Since 1973, the agents of Corcoran have been earning and keeping our clients’ trust with an unwavering commitment to integrity and service. In every market we serve,  Corcoran is a family of world-class professionals, combining real estate expertise with unrivaled market knowledge and neighborhood fluency.

The total investment necessary to begin operation of a Corcoran® franchise is approximately $52,850 to $333,200 for a conversion real estate office, and $134,350 to $520,500 for a start-up real estate office. This includes $5,000 to $35,000 that must be paid to the franchisor or an affiliate as an initial franchise fee. The initial franchise fee for a residential conversion or start-up franchise is $35,000 for the Main Office and $10,000 for each additional Branch Office.