Sourced Living : What It Takes to Start a UK Lettings Agency
How to use this video
This video focuses on the franchise opportunity itself, including what ownership may involve and how the system operates. As you watch, consider the expectations around time, responsibilities, and investment level. If the opportunity aligns with your goals, the next step is to request more information and speak directly with the franchisor.
About This Video
This Behind the Bricks episode looks at what it really takes to set up a successful lettings agency in the UK, and how a franchise model can fast-track that journey. It features Sourced letting agent Alicia, who moved from Hawaii to Essex after getting married and launched a lettings business from scratch with her partner Paul.
In the video, Alicia describes the current stage of her business, which she jokingly calls the hustling phase, and how she and Paul are building their client base by offering free compliance checks to landlords through spare-room groups, Facebook and networking events. She explains how growing awareness of how hard it is for landlords to stay compliant has become a useful hook for winning new business.
The conversation is honest about the challenges of starting out. Alicia talks about the difficulty of being a brand-new business that landlords are wary of trusting, the extra hurdle of establishing herself with an American accent, and the realisation that she has to prove herself as a trustworthy individual, not just prove the business.
The episode also touches on lessons learned so far, including how landlords often know they need help but struggle to express exactly what, and how the changing renters' rights bill is reshaping the market. For anyone weighing up a lettings agency, the video offers a grounded look at the realities and the support a franchise can provide.