There are 43 million
rental units in the United States, and most of them are currently
managed with some combination of faxes, mail, and unreturned voicemails
on the landlord’s personal phone. To avoid this mess, owners often spend 10 percent or more of their rental income on a
traditional property management company, with frequently disappointing results.
Castle is a company launching out of our current class that manages rental homes for landlords using
automation and on-demand labor — allowing owners to kick back, relax, and never
worry about their rental properties again.
TechCrunch’s Fitz Tepper wrote about Castle in a story published recently:
“Property management is one of those industries that typically lags
behind the rest of the U.S. economy in terms of technology, customer
service and transparency.
Castle, part of YC’s Winter 2016 class, is trying to bring the industry up to date with its automated property management platform.
The site consolidates all of the hard parts of property management —
like property listing and marketing, tenant screening, rent collection
and maintenance — into an easy to use interface that doesn’t look like
it was designed in the 1990s.
But how has Castle consolidated all these services into one platform?
Mainly through a combination of technology and on-demand labor.”
Read the full story on TechCrunch here.