HomeVestors® of America Franchise Owner
Sherman, Texas & Ada, Oklahoma
Franchise owner since 2016
Oliver Delgado has always wanted to own a business and has always had an interest in real estate. Leveraging his broad skillset as a corporate executive and the proven processes and robust benefits of the HomeVestors of America franchise, he found the perfect marriage of his entrepreneurial dreams and goals as a HomeVestors franchise owner.
Why did you purchase a HomeVestors of America franchise instead of opening an independent business?
My decision to purchase a franchise was based on my goals. I wanted to impact my community positively while building a business and acquiring assets that would allow me to build wealth. Following a proven business model, receiving training and support, and leveraging the brand recognition of a franchise would allow me to achieve those goals.
Did you have your mind set on a real estate franchise from the start?
Yes. While I have extensive business experience in different industries, I was always interested in real estate. Real estate is an opportunity to utilize my experience in multi-site operations, finances, sales, and marketing to build a long-term business. I understood real estate and believed it could provide significant cash flow and a consistent passive income stream through rental properties. Real estate properties have the potential to appreciate in value over time, allowing my company to build equity and grow. Unlike some other investments, real estate gives investors a degree of control over the physical asset and its management.
Of your prior skills and experiences, which were most helpful in launching your new business?
I have been fortunate to work in leadership roles for some great organizations like the New York Yankees, Kaplan Educational Centers, and ARAMARK. As a Vice President at ARAMARK, I provided overall strategic planning and control for multiple regional districts, including dining and facilities services. I oversaw five District Managers covering over 60 accounts, 150 salaried Managers, and over 2,000 Front Line Employees. P&L responsibility of 125M+. This role exposed me to operations, customer service, business development, contract management, profit and loss management, and more.
I utilize all of these skills when operating my HomeVestors Franchise. Within the course of a week, I often use my operational experience to manage the renovation of a property, provide customer service to help the wonderful tenants occupying our rental properties, implement business development strategies when meeting with potential sellers, and manage multiple contracts with sellers, buyers, and realtors. All of this while overseeing a profit and loss (P&L) effectively, ensuring the financial health and success of the business.
What were your criteria when researching franchises to buy?
Integrity, brand recognition, following a proven business model, support, and training were all important factors.
Did you speak with other HomeVestors franchise owners?
Yes. I asked things like: What kind of support are you receiving? Did training prepare you to get the business started? What do you hear from potential sellers about HomeVestors?
Which questions did you ask the franchisor?
How do you determine who would make a good franchise owner? What do you do to help them succeed?
What were your biggest challenges when you first started out, and how did you overcome them?
The challenges were similar to most start-up businesses. How do you start building a network of contractors and vendors? What operational systems need to be put in place to get started? Fortunately, I could leverage HomeVestors‘ support and our Franchise Owners’ network to overcome these challenges.
How does the HomeVestors franchise support and encourage your success?
HomeVestors consistently provides opportunities for support, learning, and growth. Training consists of weekly online meetings and nationwide conventions twice a year. These are incredible opportunities to build skills, acquire new strategies, and network with other franchise owners who help you achieve success.
What are you most proud of and why?
It has always been a dream of mine to run my own company. I am so proud of being able to start my own business in a field that allows me to impact families needing help. I’m also proud of building a portfolio of 50+ properties.
What advice would you give to new or potential franchise buyers?
Starting a real estate business can be both exciting and challenging. Real estate can offer a number of opportunities for financial growth, wealth accumulation, and career fulfillment. Always keep in mind:
- People matter. Real estate is a people business!
- Have a detailed plan in place and follow it.
- Build your network and never stop educating yourself.
- Go after your dreams!
To learn more about the HomeVestors of America franchise opportunity, visit HomeVestorsFranchise.com/FBR/ or call (866) 249-6932.