Keyrenter Property ManagementFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Keyrenter Property Management franchise requires a total initial investment of $116K – $241K, including a $50K franchise fee. Per the 2025 FDD, average unit revenue was $698K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $116K – $241K
- 60th pct Real Estate
- Avg gross sales
- $698K
- 18th pct Real Estate
- Royalty
- N/A
- Units
- 58
- 34th pct Real Estate
- SBA default
- 20.0%
- system-wide median varies by category
Quick verdict · Real Estate · color = vs category peers
Green = >15% above Real Estate avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Each dollar invested generates 3.9x in gross revenue, well above the typical 1.5-2.5x range.
99% cash-on-cash return (based on P&L Bottom Line). Above the 20% threshold most investors target.
Bottom line
- Total investment $116K – $241K including a $50K franchise fee.
- Average unit revenue of $698K/year (median $418K), with an estimated 99% cash-on-cash return (based on P&L Bottom Line).
- Verdict A (Top Quintile) with a risk score of 50/100.
- System growing at 26.1% CAGR over 3 years with 58 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Keyrenter Franchise LLC
- Incorporated in
- UT
- HQ
- 79 East Fort Union Blvd., Midvale, Utah 84047
- Auditor
- Kezos & Dunlavy
- Audited financials
- Franchisor revenue
- $3.6M
- vs $2.7M prior year
Overview
About
Keyrenter franchisees operate property management businesses serving residential landlords and property owners. Day-to-day operations include tenant acquisition and screening, lease administration, rent collection, maintenance coordination, accounting/financial reporting, and tenant dispute resolution. Franchisees generate revenue through management fees (typically 8-12% of monthly rents collected) and ancillary services, building a local client portfolio within their territory.
- CEO
- Nate Tew
- Headquarters
- UT
- Founded
- 2013
- FDD year
- 2025
- States available
- 24
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $50K | $50K |
| Working capital (3–6 mo) | $30K | $57K |
| Equipment, build-out, other | $36K | $134K |
| Total initial investment | $116K | $241K |
Source: Keyrenter Property Management 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$112K
16.0% margin
Unlevered ROIC
50%
EBITDA / total invested capital
Payback
24 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $116K – $241K
- Near category avg vs category
- Liquid capital req'd
- $30K – $57K
- Below avg, review vs category
- Franchise fee
- $30K – $50K
- Near category avg vs category
- Royalty
- Up to 7% of Gross Revenue or Minimum Royalty Fee
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
- Payback period
- 1.0 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $150 |
| Transfer fee | $13K |
| Renewal fee | $3K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $698K
- Per unit, per year
- Median gross sales
- $418K
- Avg p&l bottom line
- $177K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 99.3%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- gross_sales
- Sample size
- 41 units
- vs category median 41
- Range (low → high)
- $34K→$3.9M
- Cohort dispersion (min → max)
- Transparency
- 7 / 5
- vs category median 0 / 5 · above
Compared against 121 Real Estate brands
vs Real Estate averages
How Keyrenter Property Management Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 58
- Opened
- 7
- Last reporting year
- Closed
- 2
- Turnover rate
- 3.4%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- +7.4%
- Net unit change last year
- 3-yr CAGR
- +26.1%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 1
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 24 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 5 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 5
- Loan volume
- $580K
- Median loan
- $150K
- 50th percentile
- Charge-off rate
- 20.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 80.0%
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 4
- Defaults
- 1
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Keyrenter Property Management's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 4 lenders with concentration factor
- Per-state charge-off rates across 5 states
- Startup risk premium and job creation velocity
- 2-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Keyrenter presents moderate-to-cautionary risk due to active fraud/breach litigation, unprotected territory enabling cannibalization, slow unit growth relative to system size, and high fee burden on modest profitability metrics.
Audited financials (Item 21)
Yes · Kezos & Dunlavy
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 50 / 100 rating
- 01HIGHActive litigation alleging fraud and breach of contract involving customer claims against franchisee operations raises quality control and liability concerns
- 02MINORNo protected territory creates direct competition risk and potential for system cannibalization as the 58-unit network grows
- 03MINORModest unit growth (7.4% YoY) combined with only 58 total units suggests slower expansion than typical high-performing franchises, questioning market demand
- 04MINORHigh royalty structure (up to 7% of gross revenue) combined with franchise fee ($50k) and startup costs ($116-241k) creates significant break-even pressure on average net income of $177k
- 05MINORNo Item 19 financial performance representation limits ability to validate claimed average revenue ($697k) and net income figures independently
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 2 |
| Territory type | Geographic Area |
| Protected territory | No |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Utah |
| Litigation count | 1 |
Items 10, 11
Training & Operations
- Classroom training
- 41 hrs
- On-the-job training
- 14 hrs
- POS system
- Appfolio
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Appfolio
Item 20 · call current owners
Franchisee Contacts
67 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Keyrenter Property Management · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Keyrenter Property Management franchise?
The total investment to open a Keyrenter Property Management franchise ranges from $116K – $241K, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Keyrenter Property Management franchise owners earn?
According to Item 19 of the Keyrenter Property Management FDD, the average gross sales per unit is $698K. The median is $418K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Keyrenter Property Management's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Keyrenter Property Management (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Keyrenter Property Management franchise locations are there?
As of their most recent FDD filing, Keyrenter Property Management has 58 total units in the United States, including 46 franchised units and 0 company-owned units. 7 new units were opened in the latest reporting year.
Is Keyrenter Property Management a good franchise to buy?
FranchiseVerdict rates Keyrenter Property Management as a A-grade franchise with a risk score of 50 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.