SaaS 🏴☠️ | Property Management Fanatic 💙 | I write a bi-weekly newsletter to 4k PMs talking people, process and profit.
How RentVine Raised $74M to End Protectionism in the PAS Market
|
The PAS (Property Accounting Software) market is at an inflection point. A small number of companies control the majority of the market. This control is used to exert leverage. Examples:
What is the net effect of all of this? Customers have fewer choices, and innovation stagnates. This is objectively bad for consumers. Will RentVine change this industry paradigm? I can't say. But here's what I do know. RentVine's API access is unparalleled in the industry. It's completely open. The fee they charge customers and vendors for access to this API... $0.00. Free ninety nine. This alone makes them relevant. And you know what also doesn't hurt? $74M in fresh funding. If you want the full scoop on why they chose to raise now and the story of how they got the deal done with Mainsail check out this weeks podcast. - JAAM P.S. - Last week I recorded 10 new episodes for PPM. Felt good. Stay tuned. P.P.S. - Justice Department Sues RealPage for Algorithmic Pricing > Yikes. P.P.P.S. - Reece Duca: The Manager Who Outperformed Buffett > 👀 his trades. P.P.P.P.S. - Reddit list, "Greatest science fiction of all time" > Anyone else into scifi? P.P.P.P.S.S. - "I was a 20-something dethroned dotcom ceo that went to work the counter at mcdonald's" > I love weird reads like this. P.P.P.P.S.S.S. - This biz breakdown from Peter Lohmann was 💯 --- Know someone that would enjoy the newsletter? They can subscribe here. |
Jordan Muela
SaaS 🏴☠️ | Property Management Fanatic 💙 | I write a bi-weekly newsletter to 4k PMs talking people, process and profit.
The folks at PM.com just crossed a hard line this morning. They used a customers internal NPS data - which the client paid them to collect from their owners - to publicly humiliate the client... for newsletter views. This week we ended a paid relationship with one of our earliest clients. They were with us before most of you had heard of us. Big company. Big name. Four-figure door count. A near-perfect Google rating built on more than a thousand reviews. If you'd asked me a year ago, I'd have...
Note: I spent months working on this original research report w/ friend Peter Lohmann and we're releasing it live later today. It's🔥. Register for the recording. --- A major industry milestone came and went last week with only nominal fanfare. Today we're going to kick off a breakdown of the news and real story behind it. You've seen and heard the AI hype cycle drum beat playing for some time now. New vendors, old vendors w/ new tricks, vibe coders, tokenmaxxers... it's all exciting, boring...
You should... "Fire that owner" "Use EOS" "Raise your fees" "Hire remote" "Grow faster" "Hire a BDM" "Use XYZ software" People dispense advice like Tic Tacs - and most of it is worth about as much. Today's newsletter is an ode to, The Correct Universal Approach™. In every arena, there are opinions and then there's dogma - what I am referring to here is the latter. Dogma is a shortcut. Useful advice requires context, dogma only requires conviction. Useful advice requires nuance, dogma applies...