Rentalutions has secured $2 million in funding led by Cultivation Capital to enhance its platform for DIY landlords, improving the rental management process.
Information on the Target
Rentalutions is a Chicago-based online platform dedicated to simplifying the rental process for do-it-yourself (DIY) landlords and their tenants. The platform provides numerous tools aimed at streamlining key tasks, including tenant screening, payment acceptance, and maintenance management. By centralizing these functions, Rentalutions helps landlords save both time and resources while ensuring a more efficient rental experience.
Founded in 2012 by Ryan Coon and his co-founders, Rentalutions addresses the unique challenges faced by the estimated 8 million DIY landlords in the U.S. who collectively manage approximately 24 million rental units. The platform boasts over 30,000 landlords and 65,000 tenants utilizing its services across 8,000 zip codes, further reflecting its growing impact on the rental market.
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Industry Overview in the Target’s Specific Country
The U.S. rental market is vast and diverse, providing a significant opportunity for innovative solutions like Rentalutions. With around 35% of the U.S. population renting, many individuals turn to DIY methods to manage their properties
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Cultivation Capital
invested in
Rentalutions
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $2M