Keyrenter Property Management, a leading residential real estate franchisor, has announced a significant summer surge with 14 new franchise agreements, pushing the company past its 100th location milestone since beginning franchising in 2014. The new territories span nine states including Colorado, California, Texas, Florida, Virginia, Illinois, North Carolina, Michigan, and New Mexico. This expansion reflects the robust demand for property management services amid a thriving rental market.
To support this growth, Keyrenter has appointed Eric Steward, a franchise industry veteran, as Vice-President of Onboarding. Steward brings over a decade of experience from Pillar to Post, where he rose from marketing coordinator to senior director of franchise recruiting. His expertise in residential real estate will be pivotal in managing the influx of new franchisees.
Nate Tew, co-founder and CEO of Keyrenter, highlighted the significance of the milestone, stating, "Not only does this greatly expand our brand's footprint, but we've also surpassed a significant milestone of establishing more than 100 franchise locations coast-to-coast." He also welcomed Steward, emphasizing his role in overseeing the onboarding process for the growing network.
The expansion comes at a time when the single-family rental market is booming. With approximately 25 million single-family rental units in the U.S., and only 4% institutionally owned, there is ample opportunity for independent operators. High mortgage rates and a tight lending environment have driven more people to rent, increasing demand for professional property management. This trend is attracting qualified candidates to franchise opportunities like Keyrenter.
Steward expressed enthusiasm about his new role, saying, "Joining the team of an industry leading brand like Keyrenter is a dream come true opportunity." He noted that his direct experience in residential real estate will allow him to make meaningful contributions as the company continues its rapid expansion.
Keyrenter was founded in 2007 in Midvale, Utah, and began franchising in 2014. The network now comprises 94 franchisee partners across 101 locations. Franchisees offer a range of services including rent collection, maintenance, and tenant placement. The business model is designed to be recession-resistant, relying on recurring monthly revenue.
The recent deals and the 100th location milestone signal Keyrenter's strong position in the market. As the company prepares for more Discovery Day sessions, it continues to attract entrepreneurs looking to capitalize on the growing demand for rental property management. For more information about Keyrenter franchise opportunities, visit https://franchising.keyrenter.com.
