Keyrenter Property Management

Residential property management
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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$105K - $220K
Units as of 2023
44 Increase 10.0% over 3 years

Keyrenter Property Management is a residential property management company founded in 2007 by two business partners, Aaron Marshall and Nate Tew. The company offers several property management services such as rent collection, tenant search to fill vacant houses, completing repairs, and maintaining residential properties on behalf of property owners.

Keyrenter Property Management started franchising in 2014. There are currently more than 40 Keyrenter Property Management units across North America and Canada, with their headquarters located in Midvale, Utah. Nearly all of those 40 units are franchises. 

Why You May Want to Start a Keyrenter Property Management Franchise

Property management may be a stable business as people lean towards renting rather than buying property. Regardless of the challenging economic times, people are always looking for a place to live. 

To be a Keyrenter Property Management franchisee, you don't need prior experience in property management. Keyrenter Property Management trains franchisees to run their business by utilizing classroom sessions and online webinars. Keyrenter Property Management drives business for franchisees by marketing the brand on national media. They also help you build a company website, operate social media pages, and send out internet marketing material via email.

Absentee ownership is permitted with a Keyrenter Property Management franchise. In that case, you would only need to delegate duties to your staff for daily operations. Franchisees enjoy being their boss and working on a flexible schedule that allows leisure and family time.

What Might Make a Keyrenter Property Management Franchise a Good Choice?

To be part of the Keyrenter Property Management team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for the existence of ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements. Keyrenter Property Management also collaborates with third-party lenders to help cover the franchise fee and startup costs should you meet the requirements. 

Keyrenter Property Management franchise agreement term is typically good for 10 years with the option of a renewable period. The franchisor allows terms of renewal more than once, provided franchisees meet the set-out conditions. 

How To Open a Keyrenter Property Management Franchise

As you decide if opening a Keyrenter Property Management is the right decision for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Keyrenter Property Management franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Keyrenter Property Management franchising team questions.

It may also be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial standing to own and operate a Keyrenter Property Management franchise.

Find Your Perfect Franchise

Company Overview

About Keyrenter Property Management

Industry Business Services
Related Categories Property Management, Miscellaneous Business Services, Miscellaneous Services
Founded 2007
Parent Company Keyrenter Franchise LLC
Leadership Nate Tew, CEO & Cofounder
Corporate Address 79 E. Fort Union Blvd.
Midvale, UT 84047
Social Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since 2014 (10 years)
# of employees at HQ 20
# of Units 44 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Keyrenter Property Management franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$40,000
Initial Investment Information Circle
$104,625 - $220,279
Net Worth Requirement Information Circle
$150,000
Cash Requirement Information Circle
$100,000
Veteran Incentives Information Circle
$8,000 off franchise fee
Royalty Fee Information Circle
7%
Ad Royalty Fee Information Circle
1%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training 40 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 9
Are exclusive territories available? Information Circle
No
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Franchise 500 Ranking History

Compare where Keyrenter Property Management landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022