There are 20 million single family residences (SFRs) in the United States, more than 19 million of which are owned by 15.5 million “very small investors,” individuals or families who own one or two units. For these rental property owners, there is little in the way of data or technology to help them understand the market rental rates for their property, find and market to the highest quality prospective tenants, and manage the ongoing maintenance of their rental units with minimal headache. Pain points like these are why more than a third of all SFR owners turn to property managers for help.
Full-service property management for SFRs is a hyper-local and highly fragmented business. And just like the owners, property managers have little in the way of data, tools, and automated processes to enable them to scale and work smartly. Further, there is a misalignment of incentives between traditional property managers and the owners they represent – managers can promise a high rental rate to win the business, but do so without consequence if they secure a lower rate. They pitch fast leasing timeframes but have no skin in the game when vacancies stretch from weeks to months. Missteps on both of these fronts come at a high cost; they often are the difference between a homeowner making or losing money on their rental property each year.
Doorstead is here to address these pain points and more which have long been considered “unfixable” by property owners. Doorstead is a full-service, technology-operations driven property manager that supports the two-sided marketplace of owners and tenants. For owners, we eliminate uncertainty by leveraging an upfront pricing model to set list price based on real-time, localized supply and demand. We invested early in building local data sets and machine learning models, leveraging hundreds of variables for a given home to predict market-clearing rents that minimize vacancy,maximize owner cash flow, and align incentives of the owner and property manager.
In 5 years of operations, we’ve booked $60M+ gross rents, indexed rental prices for over 10M properties, and raised ~$38M from the investors who backed Redfin with participation from executives at Opendoor and Uber. Without that winning team, we would not be where we are today.
The Ops Coordinator will provide exceptional support to both external customers and internal team members. This position serves as a critical communication hub, managing inquiries across multiple channels while maintaining our high service standards. Successful candidates will demonstrate exceptional organizational skills, with the ability to manage multiple priorities in a fast-paced property management environment. Compensation is offered at a competitive starting wage ranging from $4.00 to $5.00 USD per hour, commensurate with qualifications and prior experience.