# Rent Ready Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rent-ready-holdings

- Industry: Consumer Services
- Headquarters: Charlotte, US
- Website: www.rentready.com
- Total disclosed funding: $10M
- Latest round: Series A (Mar 9, 2021)
- Investors on record: 2

## About

Rent Ready Holdings, Inc. offers a software platform that enhances the unit turnover process for multifamily property owners, improving efficiency and cost management in property management operations.Founded in 2014 and headquartered in Charlotte, US, Rent Ready specializes in automating the unit turnover process for multifamily properties. The company has executed a total of 3 deals, with its most recent funding round occurring on March 9, 2021. During this Series A round, Rent Ready raised USD 10.00 mn led by Grotech Ventures, with previous investor CreativeCo Capital participating. Jonathan Kite, one of the founders, continues to lead the company as CEO.Rent Ready specializes in providing a software platform designed to streamline the unit turnover process for multifamily property owners. Their core product automates the scheduling of dedicated service professionals, significantly reducing the time required to prepare units for new tenants. By implementing fixed pricing structures, Rent Ready allows clients to predict expenditures more accurately while lowering the costs associated with unit make-ready processes. This platform caters primarily to property management companies and multifamily owners across various geographical markets, including major metropolitan areas in the United States such as Atlanta, Raleigh, and Charlotte. The software is particularly beneficial for onsite teams who are tasked with coordinating multiple vendors, as it enables them to maintain control over approval processes and quality standards while focusing on other high-value activities.Revenue for Rent Ready is generated through its subscription-based model, where property management companies pay for access to the platform and its suite of services. Transactions are conducted directly between Rent Ready and its clients, with pricing structured around fixed service rates for various turnaround tasks. For example, clients may engage the platform for specific make-ready services like carpet cleaning or repairs, which are priced at predetermined rates, allowing for clear budgeting and financial planning. The software’s design facilitates real-time updates and monitoring, ensuring that property managers and maintenance teams can make informed decisions regarding ongoing service statuses. This transactional structure not only enhances operational efficiency but also contributes to increased net operating income (NOI) for the clients by enabling quicker unit turnovers and earlier lease signings.In March 2021, Rent Ready Holdings, Inc. raised USD 10.00 mn in Series A funding to support its strategic initiatives. The funding will be utilized to expand the company’s geographical presence, hire new employees, and invest further in the technology platform. Rent Ready plans to introduce new product features and improve existing functionalities to better serve its clients. The company is also targeting further expansion into additional metropolitan markets in the United States, enhancing its reach and operational capabilities.

## Funding rounds

- Series A, Mar 9, 2021, $10M — Grotech Ventures, CreativeCo Capital

## Investors

- Grotech Ventures (https://capitalatlas.ai/funds/grotech-ventures) — Series A
- CreativeCo Capital (https://capitalatlas.ai/funds/creativeco-capital) — Series A