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 pushed the company past a major milestone: establishing its 100th location since franchising began in 2014. The new locations span nine states, including Colorado, California, Texas, Florida, Virginia, Illinois, North Carolina, Michigan, and New Mexico, reflecting the brand's broad appeal across the U.S.
In response to this rapid growth, Keyrenter has appointed franchise industry veteran Eric Steward as the new Vice-President of Onboarding. Steward brings over a dozen years of experience in franchise recruiting, having previously held senior roles at Pillar to Post, where he climbed 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 and ensuring a smooth transition into the network.
"On behalf of the brand and all of our valued stakeholders, we're pleased to announce the awarding of these 14 new territories," said Nate Tew, co-founder and CEO of Keyrenter Property Management. "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."
The company's growth is underpinned by favorable market conditions in the residential real estate sector. With an estimated 25 million single-family rental (SFR) units in the U.S., and only 4% institutionally owned, there is substantial opportunity for property management services. External factors such as high mortgage interest rates and a tightening lending environment continue to drive demand for rentals, making property management an attractive business opportunity for qualified candidates.
Steward expressed enthusiasm about his new role, 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."
Keyrenter Property Management, founded in 2007 in Midvale, Utah, began franchising in 2014 and now boasts a network of 94 franchisee partners representing 101 locations. The brand offers a range of residential property management services, including rent collection, repair, routine maintenance, and tenant placement. As the company continues to expand, its focus on providing robust support to franchisees through roles like Steward's will be crucial to maintaining its growth trajectory.
For more information about Keyrenter Property Management franchise opportunities, visit franchising.keyrenter.com.
