Keyrenter Property Management Claimed
Keyrenter Property Management Franchise For Sale
Keyrenter is the best franchise solution to residential property management. Its proven business model generates recurring monthly revenue and helps retain clients for life. It’s emphasis on technology and fully integrated personal website enables business owners the ability to work from virtual office. Keyrenter offers unprecedented franchise training and support including data entry, accounting services and personal coaching. While you build your business, Keyrenter handles the online marketing, social media postings, blogs, and reputation management.
Franchise Background
Franchised Units: 62
Company Owned Units: 0
8,600+ Doors Under Management Today
Canada Franchises: No
International Franchises: No
Owner operator: Yes
No semi-absentee model
States Registered In All states except: California, Hawaii, Indiana, Rhode Island, North Dakota, South Dakota
E2 Visa accepted - except in California, Hawaii, Indiana, Rhode Island, North Dakota, South Dakota, Illinois, Maryland, Minnesota, Virginia, Washington
Financial Terms
Total Investment: $102,000 - 178,000
Minimum Net Worth: $300,000
Franchise Fee: $45,000
E2 Visa Fee: $10,000 (if applicable)
Additional Fees due at closing:
$5,000 Training Fee
$10,000 Business Setup Package
Ad: 1%
Royalty: 7%
Average Number of Employees: 0
Item 19: Yes
Visa Candidates: Yes
Passive Ownership: No
Home Based: Yes, but small office is necessary
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes, 20% off of the $45,000 franchise fee. ($9,000 off, bringing the veterans franchise fee to $36,000 with the discount).
Support & Training
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Co-Operative Advertising: Yes
Training: Initial training includes 4 days at KeyUniversity in Salt Lake City. Ongoing training library available online in form of operation manuals, documents, handbooks, checklists, videos, webinars, and conference calls. Weekly 1-hr kickstart call. Annual Keyrenter Summit.
Other Misc. Info:
This is a relationship business that is dependent on great customer service and good reviews.
Candidate must have a secondary source of income to assist with personal / family expenses for the first 12 month ramp-up stage.
We do require a real estate license but this should not be a deterrent as we assist our franchisees through this process after signing.
Brick & mortar office is typically required, but paperless business model enables virtual supervision from almost anywhere with secure internet access.
For E2Visa Candidates: All fees are non-refundable if denied by immigration, except the e2v fee (restrictions apply).
Ideal Candidate
Able to financially support the ramp-up stage
Embraces Keyrenter Core Values and willing to follow proven systems
Entrepreneurial spirit / drive to succeed
Good communication and organizational skills
Networker (Natural Relationship Builder)
$300,000 Net Worth
$100,000 Liquid
FICO Score >700
$150,000-$202,000 Investment (Item 7)
Passion for Real Estate
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