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Atmrix

About

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Atmrix

About

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.

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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

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.

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

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

Trends in rental markets vary by location, with urban areas often experiencing lower returns compared to suburban or rural areas, affecting landlord strategies.

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

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

We’ve learned that the market teaches us about different types of landlords, from mom-and-pop operations to large firms, each with unique pain points.

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

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