Helping Landlords Find Tenants – Sean Mitchell of Rezi

Summary

Rezi, founded by Sean Mitchell, is a rental marketplace that aims to make renting better by providing a solution where landlords never have to worry about vacant units again. They guarantee landlords the ability to lease out their vacant apartments and allow tenants to lease apartments in under 10 minutes. Rezi focuses on improving the user experience for tenants and streamlining the leasing process. They offer features such as scheduling showings anytime and instant application decisions. Rezi also provides valuable insights to landlords on pricing and market trends. They use an automated and algorithmic process to evaluate potential tenants based on their ability to pay rent and their background, reducing the potential for discrimination. Rezi aims to provide a balance between a great tenant experience and thorough screening. They have a unique approach to financing, raising both equity and debt to fund their operations and leasing of apartments. Rezi emphasizes transparency and partnership with landlords, aiming to provide a faster and more secure application process for tenants while also offering better deals in terms of pricing and fees. They are currently operating in the Bay Area and New York, with plans to expand to other markets. Sean Mitchell advises young founders to stay focused on solving the problem that led them to start their company and to be willing to iterate and learn from the market. He also emphasizes the importance of managing stress and maintaining a healthy lifestyle while managing a business.

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