If you’re looking for a real estate property management platform, Doorstead may be a good option. The platform provides several services, including a guaranteed rental rate and handling maintenance and cleaning needs. It can even prepare and sign a lease. However, there are many questions that you need to ask before choosing Doorstep.
Doorstep is a real estate property management platform.
Doorstep is an online real estate property management platform that offers the complete end-to-end lifecycle of rental properties. This platform works with both single-family homes and multifamily properties. It works with owners to set a guaranteed rental rate and an occupancy date. Additionally, it will collect rent, manage vacancies, and conduct annual inspections.
Doorstep is a real estate property management startup aiming to make property management more efficient and transparent. They specialize in helping property owners maximize their rental income through their unique rent analysis solution based on more than 11 million market data points. They are backed by Madrona Venture Group, an early investor in Redfin.
Doorstep has launched in the greater Seattle metropolitan area and is planning to expand across the country. They work with both institutional landlords and individual property owners. The company offers two levels of service: standard and premium. The former guarantees owners a minimum monthly payment and eviction protection of up to $15,000. It has already worked with thousands of rental property owners in California.
It offers landlords a guaranteed rental rate.
Doorstep is a company that contacts property owners and offers them a guaranteed rental rate. First, the company contacts the property owner provides basic information about the property, and takes professional marketing photos. Then, Doorstead’s algorithm digs through local pricing, availability, and demand data to determine a rental rate that will fill the home quickly. Doorstep then sends the owner a final offer agreement stating that the property is available for rent at X per month beginning in Y number of days. This guarantee is valid for a period of 21 to 45 days. If the tenant does not rent out the property in that time, Doorstead absorbs that risk and pays the landlord the difference.
Doorstep uses 11 million market data points to analyze rent data. It then uses that data to determine the optimal rental price for a property, thereby maximizing rental income and minimizing vacancies. The service also guarantees a minimum monthly payment and an occupancy date, which means more cash flow for the property owner. Doorstep manages more than 300 properties in the San Francisco Bay Area and has more than $10 million in rent under management. It recently expanded to Los Angeles and Orange County.
It handles maintenance and cleaning as needed.
Doorstep is a rental property service that handles tenants’ maintenance and cleaning page townhouses, condominiums, and single-family homes and can help maximize property performance. They can also handle evictions and conduct background checks on prospective tenants. Golden Gate Properties is one of the most successful doorstep properties and offers maintenance services and repairs twenty-four hours a day.
Doorstep started with single-family homes but has expanded to multifamily properties as well. The process begins with presenting a proposal to the property owner. Upon accepting a property, the company promises to rent it out within a certain period. If a tenant cannot be found within that timeframe, Doorstead will pay the rent back to the landlord. The service includes cleaning, listing, tenant screening, rent collecting, and annual inspections. If a tenant is unhappy, the company will handle the eviction and the maintenance and cleaning.
The doorstep was founded to put the needs of property owners and tenants at the center of its operations. Its data-driven approach puts the owner’s and tenant’s interests first. As a result, Doorstead has reduced uncertainty by building machine-learning models and local data sets. This guarantees market-clearing rents and aligns owner and manager incentives.
It prepares a lease and gets a tenant signed
A professional leasing agent can help you get the best rent for your property. They can also take care of maintenance, cleaning, and evictions. They will list your property on top rental sites and conduct open house surveys. Once they find a tenant, they will prepare a lease and get the tenant signed. This will protect you from losing money on a void rental agreement or an eviction.
Doorstep charges property owners 8% of the monthly rent for their services and 50% of the first month’s rent once a tenant is placed. They also guarantee payments in advance and will pay you extra cash if the rent turns out to be less than they estimated. In addition to securing new tenants, Doorstead manages properties for thousands of small real estate investors. The company has over 300 properties in the San Francisco Bay Area and recently launched in Los Angeles and Orange County. It has more than $10 million in rent under management.
When preparing a tenant’s lease, you should address any problems the tenant might find. If a tenant finds a flaw in your property, they might find another one to rent instead. If you want to rent your property for a higher rent, consider using Doorstep.