Summary
TenantCloud, founded by Joe Edgar, is a property management platform designed to simplify the rental process for both landlords and tenants. The service includes features like online rent collection, property listing, applicant screening, accounting management, maintenance scheduling, and professional services connection. Launched in 2018, the company has rapidly grown, projecting around $15 million in revenue by the end of 2021.

Unique Aspect
Offers an integrated solution for landlords to manage rentals efficiently, including automated accounting and maintenance management directly tied to tenant interactions.

Approach to kick off
Avoided looking at competitors to focus on innovatively solving specific problems faced by landlords, leading to unique product features and new marketing channels.

Scoop

Business Model Viability
The business model, focusing on a comprehensive suite of management tools for a large segment of DIY landlords, shows strong viability in the growing real estate tech sector.

Future Projections
Plans to acquire related businesses to broaden service offerings and continue rapid growth trajectory in the property management sector.

Startup Stats

📊 ARR: $12,000,000

📈 MRR: $1,000,000

🚀 Startup Costs: $250,000

👥 Team Size: 130

🌍 Market: Targeting DIY landlords in the U.S. managing 21 million rentals housing 60 million tenants

👨‍💻 Users:

💰 Funding: Raised $2.5 million from investors, currently valued at over $100M

👨‍💼 Founders: Joe Edgar