Doorstead Adds Star Talent From Opendoor, Uber, Expedia, and WeWork to Accelerate Company Growth to Meet Growing Demand
Doorstead ("Opendoor for Rentals"), an operations-technology company, today announced a slew of new hires and new advisors as it helps protect property owners amid uncertain times. The company provides landlords guaranteed rental income, regardless of occupancy (e.g. $3,400/month starting in 35 days). Doorstead's business model has been remarkably successful for both Doorstead and its customers, as 98% of Doorstead's guarantees were profitable in Q2 2020.
"We started Doorstead to eliminate unnecessary vacancies for property owners while being fair and just to our tenants and vendor partners, and we cannot retreat from that mission just because the market has shifted," said Jennifer Bronzo, COO and co-founder. "Our platform was built to tackle such challenges, and our risk models have held up remarkably well. We are proud to offer stability to the Bay Area housing market, and we have brought on a world-class team to help us grow to meet demand."
While some startups in the property management space have struggled to pay rental liabilities in the lst few months, Doorstead has doubled down on its upfront guarantee leveraging its patent-pending dynamic pricing model that allows it to adapt to tenant demand. By being able to accurately find a property's market clearing price, Doorstead enables property owners to fill their units quickly, resulting in lower vacancy and higher total earnings for owners, especially in the current falling market conditions. Its models have been remarkably successful to date. Additionally, Doorstead separates all rental property payments in a custodial account creating an additional layer of protection for owners and tenants.
This has resulted in dramatic growth for the company, whose inbound calls have increased by 10x in the last nine months.
To accommodate the surging demand for its services and scale efficiently, Doorstead has brought on a number of seasoned technology executives, team members, and advisors. They include:
"Doorstead's guarantee solves a pain that so many rental owners experience, especially today," added Jason Karas. "I'm thrilled to be joining this data-savvy and empathetic team at this moment of explosive growth, and to ultimately bring simplicity and piece-of-mind to property owners everywhere".
Find out more at doorstead.com.
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