Keyrenter, in the residential property management space, is the ultimate business model. Franchise owners will benefit from operating systems developed to reduce time, money, effort and stress associated with owning a property management business. With “KeySystems,” you’ll be able to handle more properties without chaos and expense and outpace your competitors.
Why Keyrenter Property Management
For entrepreneurs looking for the perfect franchise fit, a primary consideration should be the industry. Research should include market trends, economic indicators and how they can affect the potential success of your business. Many factors make property management the perfect choice. In fact, The Great Recession and financial market crisis have created a meteoric business trend in real estate, resulting in a prime opportunity for the residential property management sector.
- The ratio of renters to buyers is on the rise.
- Tightened lending restrictions and low household incomes discourage home ownership.
- The need for professional property managers is growing.
- People always need a place to live.
These factors have caused a “perfect storm effect” resulting in a $69 billion industry that will continue to grow. According to research published by The Joint Center For Housing Studies of Harvard University:
- There are 43 million households renting in the United States
- Renters constitute 37 percent of all households
- The 2000s marked the strongest decade of renter growth averaging 500,000 annually
- Over the past three years renter growth has averaged 1.25 million
- Most rentals consist of single-family dwellings and 2-4 unit structures
- 20 Percent of rentals are in high-income neighborhoods
- There has never been a better time for a Keyrenter Franchise
Create Recurring Monthly Income
A key to many successful business models, recurring revenue lets you make a sale just once but reap the benefits every month for years to come.
Time for Life with a High ROI
The Keyrenter business model is engineered to save work time, effort and money, allowing you more time for the things you enjoy. Through automation and technology, we have developed KeySystems that allow the Keyrenter owner to manage more properties, increase profitability and decrease risk.
Low Capital Investment
A Keyrenter franchise can be started for as little as $55,140 – $122,395, depending on the market area. Office start-up costs are very low and the business can easily be scaled up or down.
Prime Territory
Unlike competitors who are sold out in many regions, we are actively expanding in all major metro markets.
System, Training & Support
Keyrenter’s innovative business systems help to reduce error, turnover, chaos, expense and stress. These include: KeyUniversity training, online courses and ongoing support; KeyManager workflow management system; KeyAssist to handle tedious tasks and provide 24/7 customer support; KeyGrowth for automated lead generation and assisted marketing.
Keyrenter’s comprehensive training and support for franchisees is focused on building a profitable property management business and strong brand identity.
The Ideal Keyrenter Owner
Management and sales experience are useful in any business, but they are not required to own a Keyrenter franchise. We will train you and provide continued support every step of the way. You will need:
- Minimum net worth of $150,000 and minimum liquid assets of $50,000
- Integrity and professional work ethic with a yearning to succeed
- Ability to learn and follow the Key systems that drive value, profitability and customer relationships
If this sounds like you, we want to talk to you about opening your own Keyrenter Property Management office!