Start Up Costs and ROI
Owning a franchise is a business venture—and, like any venture, requires an upfront investment of capital to kickstart the business as a revenue stream.
If you’re interested in starting your own property management franchise with Keyrenter, here’s a look at the associated costs.
Average Keyrenter Franchise Start Up Costs
Please note that some costs vary across different real estate markets. Refer to our Franchise Disclosure Document for a comprehensive assessment of fees and startup costs.
Total initial capital investment for new franchise
Active/veteran military – $8,000 Franchise Fee Discount
7% monthly royalty fee (on Gross Revenue)
1% brand development fund contribution (on Gross Revenue)
We’re happy to connect with you about the financial requirements and modeling associated with owning and operating a Keyrenter franchise. Our mission is simple: enable your success and help you keep your franchise profitable for years to come.
Franchise Capital and Credit Requirements
Qualified franchise applicants should have a minimum of $50,000 in liquid capital. This precludes any Small Business Administration (SBA) 7(a) loans. Applicants should also have approximately $150,000 in net worth.
In addition to personal capital, Keyrenter welcomes credit-worthy applicants with a FICO score of 700 or higher.
Veteran Assistance is Available
At Keyrenter, we place tremendous value in our veterans and we appreciate the services and sacrifices they make. To give back and enable veterans or active duty military the ability to build their franchise business, we offer a one-time 20% discount on the initial franchise fee for the first Keyrenter market purchased. Other assistance may be provided through VetFran and the SBA. Please reach out to us with any questions you may have about assistance for veteran service members.
Keyrenter Stands Out From Other Franchise Models
Keyrenter not only offers a unique franchising opportunity—we also have a low barrier to entry! Many franchise opportunities require a much larger investment upfront, which can make it difficult for many individuals to invest.
We strive to make it easy for our franchisees to get up and running and to continue to succeed for as long as they operate under our brand umbrella. That’s why we have a low barrier to entry, low cost of ownership, superior support, and marginal fees.
Additional Funding Sources
Most franchisees shouldn’t expect to take a salary for the first year or two as they grow their business. This is why Keyrenter mandates capital and credit requirements as part of the application process.
Keyrenter may finance up to 50% of the initial franchise fee. We also advise that potential franchisees investigate additional sources of funding to help support them during the ramp-up period.
Our recommendations for secondary funding sources include:
- Small Business Administration 7(a) Loans
- 401(k) Rollover as Business Startup (ROBS)
- Unsecured Business Loans and Lines of Credit
- Access to grants and sponsorships through VetFran
- Office of Veterans Business Development (OVBD) Loans
Questions About Keyrenter Startup Costs?
At Keyrenter, we understand and do everything we can to make sure you’re getting started on the right foot. We keep startup costs as low as possible for potential franchisees and enable complete support along the way—from marketing and advertising to low royalties and fees.
How Much Can I Make?
The most important question on any prospective franchisee’s mind is, “How much can I make?” As a Keyrenter franchisee, we hope the answer is limitless. Property management franchise opportunities are growing at an exponential rate—and with them, so are the profits of our franchisees.
Keyrenter Earning Potential
The earning potential of a Keyrenter franchise largely depends on the unique market you’re operating in. It’s important for potential franchisees to consider variables such as market size, census data, asset base value and the local economy. Earning potential is directly tied to these variables and similar market factors.
For example, you’re likely to experience higher earnings operating in a strong urban real estate market with significant investor presence and a thriving local economy. Investors who understand the unique features and factors of their market will find themselves able to adapt to that market to meet the needs of property owners.
Franchise Growth Rate
It’s possible to build a strong franchise empire rooted in property management opportunities. That said, it requires an upfront investment of time and energy—more than what’s usually needed to grow a retail or fast-food franchise. The reason? Service-related franchises rely on ongoing clientele, and it takes time to build this following. However, once you have rapport with clients, the value of their ongoing business is immeasurably more valuable than the churn associated with other franchise models.
Franchise growth with a property management opportunity also tends to occur at a safer, more sustainable rate. Low overhead and less risk make your startup costs less financially straining and enable unencumbered revenue and cash flow earlier in the franchise’s life cycle. Moreover, as clients grow, so will your recurring monthly revenue.
Property management franchises have several distinct financial advantages over other franchise models. Here’s a look at why Keyrenter franchisees praise the stability of this business model:
- Recurring monthly revenue that makes cash flow more predictable.
- Multiple revenue streams/sources for diversified protection and insulation.
- Consistent and stable business operations with diversified clientele.
- No inventory to tie up cash and a simpler monthly cash flow statement.
- Pay yourself on a routine pay cycle, instead of revenue-dependent pay.
- Stability of property assets means clientele are service-dependent longer.
Keyrenter franchisees benefit from significant financial advantages not available from other franchise models. The result? Better scalability, increased revenue and franchise longevity.
Schedule a Consultation
Wondering how much you could earn as a Keyrenter franchisee? Schedule a consultation with our leadership team to discuss real numbers specific to your market and opportunities. We will help you make sense of the upfront figures and the long-term trends, so you can establish your franchise with confidence and continue to grow for years to come.