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Atmrix

About

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.

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

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 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.

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

Landlords do not have a say in the final tenant selection, which helps eliminate bias in the approval process.

SM

Sean Mitchell

05/04/18

@ Y Combinator

Landlords are increasingly looking for differentiators, such as technology integration and added amenities, to attract tenants in competitive markets.

SM

Sean Mitchell

05/04/18

@ Y Combinator

Landlords often negotiate, and we provide them with a fair understanding of our pricing strategy and the rationale behind it, which fosters open communication.

SM

Sean Mitchell

05/04/18

@ Y Combinator

We maintain transparency with landlords about pricing and relisting strategies, which helps build trust and solidifies our partnership.

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.