ST. GEORGE, Utah, Aug. 7, 2015 /PRNewswire/ -- In St. George, Utah the average selling price of residential property has risen to $226,396, a 19% increase since last year, according to the Washington County Multiple Listing Service. Zillow reports that the average rental price has surpassed $1,300. With beautiful weather, lower than U.S. average cost of living, spectacular red rock scenery, and abundant outdoor sporting activities, St. George is a beautiful place to live. Snowbirds, sun worshippers and seniors are especially attracted to Utah's Dixie.
"The real estate market in St. George looks promising. New construction is on the rise and bringing new jobs to locals. The rebound should impact the local economy and real estate market within the next year, Although the area's foreclosure rate has dropped by 55 percent since last year, we have not seen the last of them. Tightened lending restrictions in place since 2008 still discourage would-be homeowners and have added to the shortage of affordable rental property," according to Aaron Marshall, CEO of Keyrenter Franchise LLC, and co-owner of Keyrenter St. George. "Investors have purchased many of the bank-owned and foreclosure properties in recent years, creating a large demand for professional property managers. Accidental landlords who survived the lending crisis and now own multiple properties have also added to the demand."
"Keyrenter specializes in the management of residential property and currently handles over 650 single family and small multi-unit dwellings. The average life of a Keyrenter rental contract exceeds 4 years, and the eviction rate is below ½ of 1%. Franchising the business seemed like the best way to expand our services" said Aaron. He and his partner, Nate Tew, changed the game of property management by developing high-tech, management and maintenance systems over the past decade. They have been proven to save valuable time, money, and increase the return on investment property.
About the Franchise
According to Keyrenter's FDD, there are presently 4 company owned stores, and 7 independently owned franchises, in the states of Utah, Texas, Colorado, Illinois and Arizona. Expansion plans exist for 42 states and all major metro markets. Training and ongoing support is available to assist franchisees in building recurring revenue and real equity toward retirement.
For information on franchise opportunities visit the website of Keyrenter Franchise LLC or call 888.613.1110.
SOURCE Keyrenter Franchise, LLC