Keyrenter Property Management Surpasses 100 Locations with 14 New Franchise Deals

Keyrenter Property Management, a leading residential real estate franchisor, is experiencing a significant growth spurt this summer, having awarded 14 new territories since the beginning of 2026. This expansion has propelled the company past a major milestone: more than 100 franchise locations across the United States. The new territories span nine states, including Colorado, California, Texas, Florida, Virginia, Illinois, North Carolina, Michigan, and New Mexico, with five additional candidates preparing for Discovery Day sessions as early as next week.

The rapid growth has prompted the appointment of Eric Steward, CFE, as the new Vice-President of Onboarding. Steward brings over a dozen years of franchising experience, notably in the residential real estate sector, having previously served as senior director of franchise recruiting at Pillar to Post. His new role will oversee all activities from signed franchise agreements through the onboarding process for the growing network of franchisee partners.

Nate Tew, co-founder and CEO of Keyrenter Property Management, expressed enthusiasm about the expansion and the new hire. "On behalf of the brand and all of our valued stakeholders, we're pleased to announce the awarding of these 14 new territories," Tew stated. "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, saying, "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 company, founded in 2007 in Midvale, Utah, began franchising in 2014 and now boasts 94 franchisee partners operating 101 locations. Keyrenter franchisees provide essential residential property management services such as rent collection, repairs, routine maintenance, and tenant placement. The expansion comes amid favorable conditions in the residential real estate industry, with approximately 25 million single-family rental units in the U.S., of which only 4% are institutionally owned. High mortgage rates and a tight lending environment have increased the renter-to-buyer ratio, making property management an attractive investment.

This growth not only strengthens Keyrenter's presence but also contributes to the broader economy by creating entrepreneurial opportunities in property management. As the company continues to expand, it is poised to play a significant role in the evolving residential rental market. For more information about franchise opportunities, visit franchising.keyrenter.com.