RentPERKS provides multi-market property management services via a uniquely deployed and proprietary model incorporating PropTech, FinTech & Integrated Loyalty
Tell us about yourself?
10 years Technology – Incubator program support (Waterloo, Ryerson, McMaster), managed infrastructure (National Brand Scalability Support), startupweekend.org, etc
10 Years Real Estate – Commercial land assembly design build; asset sales & leasing
4 years scaling RentPERKS across 44 cities covering 6 Provinces, and negotiated expansion into 7 US Cities in the last quarter.
Renting has so much room for improvement. People only touch on the surface of what can be changed. And, typically approach from a cost model instead of an investment model.
We are making renting better. Everywhere.
If you could go back in time a year or two, what piece of advice would you give yourself?
You’re not a unicorn. Seek funding elsewhere. And, don’t rely on what others say. It’s not their fault. They’ve just ‘always done it this way”.
What problem does your business solve?
Improved Tenant and Owner relations; Asset monetization; and a massive reduction in carbon footprint.
What is the inspiration behind your business?
RentPERKS are making renting better for both tenants and landlords in multi-markets with reduced friction in the traditional relationship.
What is your magic sauce?
Our Proprietary IP has allowed us to ‘Uberize’ personnel, increase response rates and, reduce costs all while stabilizing and increasing returns.
What is the plan for the next 5 years? What do you want to achieve?
We anticipate achieving 250,000 units under management across all major city centres in North America prior to IPO. We then target global expansion.
What is the biggest challenge you’ve faced so far?
Acquisition capital. It is now being addressed. We did not apply for VC at a unicorn stage and now scaled too large for VC. Our capital approach is now aligned and we intend on purposing that toward our scale across the US markets.
How do people get involved/buy into your vision?
We are seeking Regional Partners to take a stake in our model within their localized region and to share in our growth.