Keyrenter Property Management, a leading residential real estate franchisor, is experiencing a significant expansion this summer, having awarded 14 new franchise territories since the beginning of 2026. This growth has propelled the company past a major milestone: establishing its 100th location since it began franchising in 2014. The new territories span nine states, including Colorado, California, Texas, Florida, Virginia, Illinois, North Carolina, Michigan, and New Mexico. Additionally, five candidates are currently preparing for their Discovery Day sessions as early as next week, indicating continued momentum.
To support this rapid growth, Keyrenter has appointed Eric Steward, CFE, as its new Vice-President of Onboarding. Steward brings over a dozen years of experience in franchise recruiting, notably from Pillar to Post, where he climbed the ranks from marketing coordinator to senior director of franchise recruiting. His expertise in the residential real estate space is expected to be instrumental in managing the influx of new franchisees.
Nate Tew, co-founder and CEO of Keyrenter Property Management, expressed enthusiasm about the expansion and the new appointment. "On behalf of the brand and all of our valued stakeholders, we're pleased to announce the awarding of these 14 new territories," Tew said. "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. We're also honored to have Eric Steward join us here at Keyrenter Property Management, who will be overseeing all activities from signed franchise agreements through the rest of the onboarding process for our growing network of franchisee partners."
Steward echoed this sentiment, stating, "Joining the team of an industry leading brand like Keyrenter is a dream come true opportunity. The fact that they also operate in the residential real estate space where I have direct category experience is a plus and I hope to make several meaningful contributions in my new role as the head of onboarding activities. With the recent awarding of over a dozen new locations, I have my work cut out for me, but I can't wait to roll up my sleeves and get started."
The expansion comes against a backdrop of a thriving residential real estate market. According to industry estimates, there are approximately 25 million single-family rental (SFR) units in the U.S., with only 4% institutionally owned and operated. This fragmented market, combined with factors such as high mortgage interest rates, a tight lending environment, and an increasing renter-to-buyer ratio, makes property management an attractive opportunity for entrepreneurs. Keyrenter's business model, which focuses on recurring monthly revenue and generous territorial boundaries, positions its franchisees to capitalize on these conditions.
Founded in 2007 in Midvale, Utah, Keyrenter began franchising in 2014 and has since grown to 94 franchisee partners operating 101 locations across the U.S. The company offers a range of residential property management services, including rent collection, maintenance, and tenant placement. For those interested in learning more about franchise opportunities, more information is available at https://franchising.keyrenter.com.
This expansion not only solidifies Keyrenter's presence in key markets but also signals confidence in the residential property management sector. With the appointment of a seasoned industry veteran to oversee onboarding, the company is poised to integrate its new franchisees effectively and continue its growth trajectory.
