Wanting to earn extra income? Here's an easy solution for people looking to rent out their homes Bungalow is rethinking the residential real estate market by providing a more convenient, flexible and seamless way to rent
New York, NY
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September 21, 2021 05:00 PM Eastern Daylight Time
Let’s face it, renting is challenging, and it goes the same for both, renters and landlords. Whether you’re searching for a lease or looking to make extra money, having access to a tech-enabled platform that facilitates the roommate/home search as well as the leasing and property management experience is a must. Recently, The CEO of Bungalow, Andrew Collins, teamed with YourUpdateTV on a satellite media tour to talk real estate 2.0.
A video accompanying this announcement is available at: https://youtu.be/Fbn6bLzdevY
Bungalow takes care of everything from matching great roommates and furnishing a home’s common areas to streamlining rent and utilities payments, handling service requests, and removing friction from the rental experience. In addition, Bungalow is able to offer rooms in the most desirable neighborhoods, by finding homes and optimizing spaces for roommate living, creating more affordable solutions in the cities and neighborhoods renters actually want to live in.
As a two-sided marketplace, Bungalow also helps homeowners and investors earn up to 50% more NOI (net operating income) on their investment properties than they would with traditional property management systems. The platform provides AI-driven pricing, and seamless integration in top marketing channels delivering 2x more quality leads and occupancy in half the time compared with industry averages.
Founded in 2017 by Andrew Collins and Justin McCarty, the company currently has more than 3,000 housemates in hundreds of homes across 16 markets. The company also just announced $75M in Series C funding which will go towards supporting its technology and innovation to accelerate growth as they expand to new markets - including Miami, Tampa, Atlanta, Houston and Phoenix - and bring the Bungalow experience to thousands more across the country.
Go to Bungalow.com if you’re looking for a home to rent, you can search available homes in your area...or if you’re looking to rent out a property, you can discover how you can earn up to 50% more with Bungalow than using traditional property management companies.
About Andrew Collins:
Andrew Collins, co-founder and CEO of Bungalow, was inspired to create Bungalow after experiencing first-hand the difficulties of finding an affordable apartment and establishing a community when relocating to San Francisco. With COO and co-founder Justin McCarty, he identified a gap in the residential real estate market and seized the opportunity to create accessible rental options for people looking to move to new cities without an established personal network. Since launching in 2017, Bungalow has helped countless people find community through co-living. Andrew has a degree in Sociology from Princeton University and earned his M.B.A. from Wharton School of the University of Pennsylvania.
About Bungalow:
Bungalow is a residential real estate platform providing beautiful homes with great roommates, paired with a seamless digital-first experience for early career professionals. The company takes care of everything from matching great roommates and furnishing a home’s common areas to streamlining rent and utilities payments and handling service requests, removing friction from the rental experience. In addition, Bungalow helps its residents create a thriving community through its network. Bungalow is able to offer rooms in the most desirable neighborhoods by working directly with homeowners who are looking for a guaranteed income stream but don’t want to sell their homes. Founded in 2017 by Andrew Collins and Justin McCarty, the company currently has more than 3,000 housemates in hundreds of homes across 16 markets. For more information visit www.bungalow.com or follow Bungalow on Instagram, Twitter, and Facebook.
About YourUpdateTV:
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