Robin’s never been a stranger to hard work, but by the end of 2019, he had replaced the regular income he used to be earning from his previous business which typically involved 75-80 hour weeks. Now, when not growing the portfolio, it requires an average of six days per month of work to maintain it.
- JOINED PPP – February 2017
- PREVIOUS CAREER – Co-founder of Pet Accessory Company
- PORTFOLIO LOCATION – Watford
- NUMBER OF HMOS – 6
- BIGGEST BENEFIT – Passive income
After 20 years in the import/export industry, having co-founded a pet accessory company in 2005 which he sold in 2012, he’d experienced the blood, sweat and tears needed to build a successful business.
Robin continued to work in the business for the Private Equity owners, which was now turning over more than 100 million Euros, but the early mornings, late nights and lots of time in airports led to him wanting a real change. So, he took the opportunity to explore businesses that he and his wife, Maxine, could do together.
PROVEN SYSTEMS AND A FORMULAIC PATH
In late 2016, Robin and Maxine came across Platinum Property Partners at a franchise show. Their initial idea had been to look at fast food franchises as they needed to replace the income lost from Robin’s salary fairly quickly. However, when they heard Founder of Platinum, Steve Bolton, give his presentation, they were excited to learn that they could build their own property portfolio via a franchise system.
Robin added: “It seemed that burger franchises wanted your heart and soul, and whilst you could earn a decent income, you’d still be trading your time for money, with no assets to speak of or any long-term solution. In contrast, Platinum offered all of what we were looking for and more.”
The couple had always been interested in property investment but had never been brave enough. They were fully aware of how easy it could be to lose hundreds of thousands of pounds as a result of just one mistake and were comforted by the fact that joining Platinum would give them the expert guidance they needed.
Whilst many Franchise Partners join Platinum for almost instant time freedom, Robin and Maxine took a full speed ahead approach. By April 2017, just two months after joining, they’d started the refurbishment of their first property. Two months into the refurbishment, they received the keys for their second project. By month three, when the work was finished, they had their first fully tenanted HMO (House in Multiple Occupation) in Watford and the builders moved on to start the second project.
“I’d already trodden the entrepreneurial path, and decided I wanted a more formulaic path. I’m never going to be the type to sit back and retire early, but we wanted a low-risk business with proven systems in place and that’s why we looked at franchising.”
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Add to Request List There is no cost or obligation associated with this service.Key Facts:
- Available across the UK
- Franchise
- £300,000
- Yes
- Yes
- Yes
- 379
- 2007
- Yes
- Member - Established
