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
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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.
This was a wild ride. Imagine growing to over 20,000 doors and then staring liquidation in the face. RW was sold to GA Technologies earlier this year for $8M after going public in 2022 via a SPAC that gave them the ticker symbol SFR. The rise, fall and rebirth of Renters Warehouse is a truly wild ride and I cannot thank Kevin Ortner enough for the courage and candor of breaking it all down. This interview is special for me for a couple reasons: Brenton Hayden, the founder of RW was the first...
Guys... we're back at it again. We're about to release another piece of original research and I could not be more stoked as it generated a TON of actionable insight. Peter Lohmann and I went big, retained a top tier research firm, and have produced a report jam packed with insight about the independent single family property owner and what they want from they property manager partners. We're releasing the data tomorrow at LeadSimple University and you can tune in for free by registering here....
How big is the self-managing segment of the SFR market? What would it take for them to hire a property manager? What are their key challenges and biggest fears? I want answers. TLDR: I'm gearing up for a large scale survey of landlords with the perfect partner in crime > Peter Lohmann. I'll have more details to share in the future but for now I have one very important question for you - if you could ask a large population of landlords one question what would it be? Your feedback here means a...