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Graham Awards


Franchise group claims letting agents revenue could be £100k a year

Property investment and management company The Sourced Group says its new lettings division which “presents franchisees with the chance to generate recurring revenue surpassing £100k annually.”

The Sourced Group, established in 2017, already has a franchise operation of 220 in property investment but now says a lettings arm - which it calls Sourced Living - has its first franchise agents in the West Midlands, Somerset, Yorkshire, Gloucestershire and Hampshire. 

These letting agents have just undergone induction training says a statement from the company. Some of the agents are described as having “acquired several new landlords from a nearby Sourced development”.


The statement goes on: “As a Sourced Living agent, the newbies will leverage the company's proven systems and resources to deliver top-notch property management services to their communities. As part of their package, they are equipped with industry leading tech such as PayProp, Verismart and Fixflo to name a few.

“The new agents not only benefit from the training and support provided by Sourced, but they can also benefit from the acquisition funding that Sourced Living franchisees, enabling them to purchase property management portfolios.” 

Sara Stevenson, lettings director at Sourced Living, comments: "We are thrilled to welcome our new agents to the Sourced Living team … their enthusiasm and passion for property, along with their deep understanding of their local areas make them invaluable additions to our network. We have every confidence that our first intake of agents will uphold our commitment to excellence and provide exceptional service to property owners and residents around the country."

[Headline corrected from earlier version]

  • jeremy clarke

    Poor headline, huge difference between earning £100,000 and a turnover of £100,000!
    Another pupil from the Diana Abbott school of economics?


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