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Atmrix

About

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Atmrix

About

SM

Sean Mitchell

05/04/18

@ Y Combinator

We take on two principal risks: vacancy risk and performance risk on the tenant side, which includes ensuring tenants pay their rent and are good tenants overall.

Video

YC

Helping Landlords Find Tenants – Sean Mitchell of Rezi

@ Y Combinator

Helping Landlords Find Tenants – Sean Mitchell of Rezi

05/04/18

Related Takeaways

SM

Sean Mitchell

05/04/18

@ Y Combinator

Landlords face two main risks: vacancy risk, which includes lost income and carrying costs, and tenant-related risks such as non-payment or property damage.

SM

Sean Mitchell

05/04/18

@ Y Combinator

Our tenant screening process evaluates rental history, credit, income, and employment status, focusing on factors that predict good tenancy.

SM

Sean Mitchell

05/04/18

@ Y Combinator

The biggest value we offer landlords is that we have skin in the game; if we misjudge the leasing timeline, we lose money, which aligns our interests with theirs.

SM

Sean Mitchell

05/04/18

@ Y Combinator

We avoid evaluating irrelevant factors that don't relate to a tenant's ability to pay rent, reducing discrimination risks in our automated process.

SM

Sean Mitchell

05/04/18

@ Y Combinator

Understanding our risk involves back-testing our models against actual rental timelines to ensure our predictions align with reality.

SM

Sean Mitchell

05/04/18

@ Y Combinator

During our time at Y Combinator, we pivoted to focus on eliminating the risk of vacancy for landlords, offering them a compelling solution.

SM

Sean Mitchell

05/04/18

@ Y Combinator

If we solve problems for landlords, the benefits often extend to tenants, leading to a smoother application process and better deals for them.

SM

Sean Mitchell

05/04/18

@ Y Combinator

We realized that instead of just improving tenant screening, we could provide landlords with a guarantee that their units would never be vacant again.

SM

Sean Mitchell

05/04/18

@ Y Combinator

We provide landlords with insights on pricing and market trends, helping them understand how to maximize their rental income.