Keyrenter Property Management

Real Estate

Check Availability

Details

Overview

Keyrenter Property Management is a franchise specializing in residential property management services. The company, founded in 2007 and franchising since 2014, is headquartered in Midvale, Utah. It offers a robust business model designed to manage single-family homes, condominiums, and multi-family properties for property owners. Keyrenter aims to simplify property management with its seamless systems, positioning itself as a leader in the residential rental market.

History

Keyrenter began as a small property management company and expanded its operations through franchising in 2014. Since then, it has grown steadily, with over 45 franchise units across the United States. The company's growth has been driven by the increasing demand for rental properties and professional property management services.

Investment Breakdown

The initial investment required to open a Keyrenter franchise ranges from $104,625 to $220,279. This includes a franchise fee of $40,000, training expenses, initial marketing, and other startup costs. The franchise agreement lasts for 10 years, with opportunities for renewal. Although the franchisor does not offer direct financing, they provide comprehensive support through training and ongoing assistance.

Industry Snapshot

The residential property management industry has experienced significant growth in recent years, partly due to rising homeownership costs and a growing rental market. Keyrenter franchisees benefit from a business model that capitalizes on these trends. The average Keyrenter franchise manages 219 properties, with revenue per unit approximately 17.5% higher than the industry average. The industry is expected to continue growing as more households opt for rental options.

Low Cost Franchises