Keyrenter Franchise

Property management

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Keyrenter Franchise is the ultimate business model in innovative and proactive residential property management. Every system was painstakingly developed to reduce the time, money, effort and stress associated with doing business. Through the use of KeySystems, franchise owners can handle more properties with fewer people, enabling them to focus on building business, capture a higher share of the market, and outpace competitors. Proprietary software, combined with years of extensive research, analysis of our exact target marketing techniques, and a sound understanding of the real estate industry, have led to brand recognition and a strong online presence for Keyrenter's local market areas. Professionally designedKeyrenterwebsites have many functions and act as a proven virtual lead generation machine, through the use of continued assisted marketing. Our automated and technologically advanced systems are proven to generate passive recurring monthly revenue for franchise and property owners allowing both to build real equity toward retirement. The benefits derived from our goals and business philosophies extend to everyone: franchise owners, staff, property owners and tenants. We strongly believe that relationships and our value system are the foundation to oursuccess.KeyrenterFranchise strives to be as green as we can be. We have built eco-friendly systems to reduce the carbon footprint we leave on this planet. We are virtually a paperless company and we have drastically reduced the travel time typically associated with the property management industry.Veteran Incentives 10% off franchise fee

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$129.55 USD
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$129.55
$129.55


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Please Note: The operators of Keyrenter, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Keyrenter website.

How much does it cost to open a Keyrenter Franchise ?

The investment required to open a Keyrenter Franchise is between $66,430 - $136,514 . There is an initial franchise fee of $30,000 which grants you the license to run a business under the Keyrenter name.

Individual Franchise Costs

  • Initial Investment:
    $66,430 -
  • Initial Franchise Fee:
    $30,000
  • Royalty Fee:
    7%
  • Advertising Fee:
    1%
  • Term of Agreement:
    10 years

Expense In-House Third Party
Franchise Fee Yes Yes
Startup Costs N/A Yes
Equipment N/A N/A
Inventory N/A N/A
Accounts Receivable N/A N/A
Payroll N/A N/A

Third Party Financing Source(s):
In-house financing of the franchise fee is available to qualified applicants.

Other Financing Source(s):
SBA loans and Veteran Assistance is also available.

Training
Phase I - The initial training program is held approximately one month prior to the opening of your business and there is no fee to attend the program. It is held at Keyrenter Headquarters in Midvale, Utah (Salt Lake City) and is also referred to as KeyUniversity. It was designed for completion in one week (5 business days). Approximately 27 hours will be spent in the classroom, and 8 hours will be spent shadowing a Keyrenter Property Manager while they are actually on-the-job. KeyUniversity will cover the following topics: accounting, marketing, management, maintenance, office procedures, sales and closing. Phase II training is delivered in three different stages as follows: Stage 1 - JUST IN TIME TRAINING - Once the business has opened, an onboarding specialist will be appointed to assist with questions for the first 12 weeks to address any question about software and KeySystems. After that, we will always be here to assist during regular business hours and we will respond to questions as quickly as possible. Stage 2 - ONGOING SUPPORT - After onboarding is complete, continued ongoing support in the form of phone and email assistance, conference calls and pre-scheduled webinars will be available.. Stage 3 - ANNUAL EVENTS - Annual conventions will be held at our headquarters, or other location we designate. Conventions will not exceed four (4) days in length. The purpose is to create a fun and stimulating environment where franchisees can benefit from the synergy created by like minded people. The event will be used to launch new products, and discuss business trends, policies, procedures and trade regulations. Advanced training and mastermind sessions will also be available.

Support
Purchasing Co-ops Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform

Marketing
Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing

Keyrenter Growth History

When did the first Keyrenter open? 2007
When did Keyrenter start Franchising ? 2014

The Keyrenter Property Management business model is scalable. To begin with, at least one property manager is required to negotiate contracts. After the ramp-up stage, a full-time office manager should be added to handle calls during business hours. A broker license association may also be required depending on your state's regulations. Each franchise owner must decide whether to obtain a real estate license, or hire someone who already has one. * Pay yourself * Market to owners * Close contracts * Make sure properties are ready to rent * Oversee maintenance of properties * Provide property inspections * Collect rents * Pay vendors Absentee Ownership Allowed Number of Employees Required to Run: 1

We take strict precautions to protect our brand, reputation and increase the success rate of our franchisees. Because of this, we must be selective in our expansion process. The personality profile of the ideal franchise owner includes all of the traits listed below: * Honest and ethical value system * Entrepreneurial spirit and mind-set * Enjoys working with people * Good communication, marketing and networking skills * Driven to provide excellent customer service * Understands the concept of giving back * Financially stable * Management and staffing ability Each Keyrenter Franchise candidate must be willing and able to fulfill the following tasks: *Participate in training and develop understanding of all Keyrenter systems * Recruit, hire and train staff while ensuring their access to corporate support * Learn, understand and abide all fair housing laws and regulations * Manage staff or hire business manager * Build brand awareness and participate in marketing campaigns

Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming



How much does a Keyrenter Franchise owner make?

How much money you could make as a Keyrenter Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Keyrenter Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$30,000 - $136,514
Initial Franchise Fee
$30,000
Royalty Fee
7%
Advertising Fee
1%
Term of Agreement
10 years
Keyrenter Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Keyrenter and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing an Keyrenter franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.