REAL ESTATE TECHNOLOGY,HOME AND DESIGN
Rently | January 12, 2023
Rently, the industry leader in self-touring and smart home technology solutions, recently introduced a new feature on its Smart Home App. This new feature will assist technicians in accelerating the installation process using automated tools. It will also enable property managers to receive real-time notifications about successful smart home activations.
Installers can now easily verify their identity and begin the installation process using Rently's Smart Home App. The app also provides stepwise instructions, guiding the installers through the entire process. This removes the need to call technical support to activate devices, which leads to significant time savings.
Merrick Lackner, the CEO of Rently, states, "Rently recognizes the critical role that installers play in the deployment of smart home technology." He further added, "By eliminating the requirement for installers to contact intermediary technical support teams—just to verify device testing and activation—we hope to save them time, facilitate their projects, and make it easy for them to report their success to managers who receive these real-time updates on their Rently desktop portal."
(Source: PR Newswire)
Communications between smart home technicians and managers can now be synchronized using Rently's app. This will help save time and eliminate the uncertainty faced by property managers, who would otherwise have to wait for tenants to confirm if their smart home devices are working correctly.
About Rently
Based in Camarillo (California), Rently is a premier provider of self-touring and enterprise smart-home platforms. The company, established in 2011, serves single-family and multi-family operators. The platform provides convenient and cost-effective solutions to optimize and automate leading, collaborating with over 3,500 operators and enabling more than 15 million self-tours. In addition, Rently's enterprise smart-home vertical allows keyless self-tours, optimization of resident access, monitoring of units, and reduced utility costs from anywhere in the world.
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REAL ESTATE TECHNOLOGY, HOME AND DESIGN
Curbio | February 28, 2023
One of the leading pay-at-closing home improvement solutions provider for the real estate industry, Curbio, Inc., recently announced the release of its new mobile app. The new app enables real estate agents and sellers to get instant estimates for pre-listing home improvement costs and projected ROI allowing them to unlock the actual value of their home with smart, ROI-driven updates.
Curbio's new mobile app is among the pioneers in the home improvement industry, providing convenience, speed, and pricing transparency. At the click of a button, realtors and homeowners can obtain immediate cost and ROI estimates for repairs, updates and renovations. In addition, Curbio's users can either start immediate work with the platform or use this information to make an informed decision regarding pre-listing and pre-sale home improvements.
Curbio's newly launched mobile app offers a user-friendly solution for real estate agents and sellers seeking pre-listing home improvement cost estimates and projected ROI. After entering property details, users can select from a range of home improvement projects, with estimated costs and ROI projections provided for each. This information can be used to request a project proposal from Curbio, with zero fees or interest required for payment at closing. The app aims to help users maximize their property value with smart, ROI-driven updates. The app's cost and return on investment information are based on Curbio's extensive project portfolio. Information is tailored to the specific market, project scope, and project type.
The Curbio mobile app also offers estimates for inspection-related repairs. Agents and their clients can now upload inspection reports directly to the app, and Curbio will provide a same-day, no-obligation estimate of the necessary repairs.
About Curbio
Founded in 2017, Curbio is a company that offers real estate agents and homeowners deliver hassle-free home improvement experiences. The company has rapidly become the largest national provider of pre-listing repairs, updates, and renovations. It has also helped modernize home improvements within a user-friendly app, boost project timeliness by 50% and remove delays and uncertainties restricting home improvement in the past. Based in Potomac (Maryland), Curbio is trusted by over 800 brokerages nationwide.
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REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT
Lessen | January 17, 2023
Lessen, the leading tech-enabled outsourced property services platform, recently announced the strategic acquisition of facilities maintenance technology leader SMS Assist.
By combining the complementary strengths of both organizations, Lessen will continue to address real estate's pain points, offering its clients a scalable, tech-enabled enterprise solution for residential and commercial services. As a result, the companies will serve around 250,000 residential and commercial properties nationwide, enabling approximately 2.5 million repair and maintenance orders annually, in addition to expanding their property services.
The transaction is completed with stock and cash, with Lessen raising roughly $500 million in combined new debt and equity. SMS Assist stockholders exchanged a portion of SMS stock for Lessen stock, resulting in a combined company valuation of over $2 billion. Debt and equity investors, including Värde Partners, Monroe Capital, and Koch Real Estate Investments, assisted with this transaction. Invitation Homes and American Homes 4 Rent are among the clients who invested in the deal with Lessen.
Following the conclusion of the transaction, Lessen's Jay McKee will continue to serve as Chairman of the Board of Directors and CEO of the newly-merged company. He states, "Lessen recognized early on the opportunity to provide an enterprise-level solution that solved the real estate industry's long-tenured property services pain points." He added, "This deal demonstrates the increasing demand within the underpenetrated, $330 billion addressable North American property services market for a unified, extensible delivery platform that provides transparency, efficiency and data-driven insights for the entire real estate ecosystem including investors, owners, managers and service providers.
(Source – Business Wire)
The new, unified technology platform will allow various service providers—from painters, contractors, and plumbers to electricians and more—to work as one on a national scale, which was previously impossible. The quality of this work will be supervised and inspected by Lessen's in-house project managers. This integrated solution will assist owners in overcoming skilled labor shortages while lessening administrative burden, enhancing project efficiency, and providing real-time project updates.
About Lessen
Lessen is the only end-to-end tech-enabled solution for outsourced real estate property services that delivers consistency, quality, and speed at scale, focusing on single-family and multifamily rental renovations, turns, and maintenance. Through automation and real-time analytics, the firm's technology suite is disrupting and modernizing a project management space that is still reliant on traditional organizational and communication models. The company's professional field project managers provide on-the-ground service, utilizing a network of verified service professionals in over 40 markets across the country, all powered by its proprietary technology platform.
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