Real Estate Startups in 2018

2018 is finally in full swing. Regardless of your thoughts on last year, we must all move forward and look towards a bright and hopeful future. And, if you’re invested in the real estate industry, you may have some exciting trends to look forward to. As someone who is closely connected to real estate, I am incredibly excited to see some new companies and businesses that are looking to make some waves in the industry. Without further ado, here are some of this year’s most interesting real estate startups.
For any of you involved in commercial real estate investment, you may be tired of the tedious and mundane tasks associated with the job. Luckily, Dealpath is looking to make the process a bit easier. With Dealpath, development and acquisition teams can streamline their process by cutting down those pesky tasks and focusing on high-level strategy. Dealpath allows users to communicate easily, collaborate more efficiently and to keep track of deals and projects in real-time.
Where Airbnb focuses on providing users with the ability to house guest for short-term rentals, Flip does the complete opposite: long-term rentals. With Flip, landlords have a better deal of security on payments and renters have a bit more flexibility. Leases on Flip can range anywhere from a month to a year, but they typically begin at six months. The startup is currently works in the New York, San Francisco and Los Angeles markets and recently secured a $2.2 million seed round of investments.
With short-term rental services such as Airbnb and FlipKey becoming more and more popular, we are in an era where anyone can be a “landlord.” This is a bit scary, considering the fact that being a landlord isn’t necessarily easy and that title comes with a great deal of responsibility. Rentalutions looks to solve this dilemma by providing the necessary tools and information to brand-new landlords in order to make their lives a bit easier and to make tenants feel a bit more comfortable and safe. Last year, the startup earned $2 million in funding and it looks to continue growing this year.

Real Estate Trends For 2018

It’s the dawn of a new year. 2018 is officially here, and we have a bright future to look forward to. Multiple industries have much to look forward to this year, and real estate is no exception. There’s plenty to celebrate and get excited about. With that being said, I wanted to highlight some of the most fascinating and impactful trends that real estate will likely experience this year.
The Millennial Mindset
Real estate agents are quickly learning that they must learn to work with a newer mindset: The Millennial Mindset. Millennials (those born anywhere from early 80s to late 90s) look at housing in a very different way than previous generations. Millennials are, for one, in debt. Several Millennials have a college degree, which is fantastic, however, that does mean that a great deal of Millennials are now in debt due to their student loans. They are incredibly price conscious. Millennials are also very open to communal/co-living situations. They understand that having more people in a home means less pressure on rent price. Millennials are also constantly invested in their digital devices. Real estate professionals are now learning that, in order to reach this new demographic, they must begin to utilize the tools that Millennials use. This means social media, emails, Internet, simplified websites and mobile apps.
Millennials are also very accustomed to living in a world where almost everything is available at the tap of a button. We can now hail a ride, order food, purchase clothing and goods and even handle our bank accounts from our mobile devices and computers in a few easy steps. Millennials see no reason why they shouldn’t be able to do the same with real estate. Having dedicated websites or mobile apps that allow potential home buyers to sell or buy a property is almost a must in today’s age; and if it isn’t yet, it’s getting there.
Short-Term Rentals
This is a growing trend with both Millennials as well as older generations. Short-term rental services, such as Airbnb or FlipKey allow users, and everyday, average citizens, become landlords. You can use your home as a hotel or bed and breakfast and profit! These stays tend to be very short, hence the term, “short-term rental.” As people look for cheaper ways to pay for housing, short-term rentals are the most lucrative market. If you haven’t looked into short-term rentals yet, make sure to do so. The industry has been growing for the last few years and shows no signs of slowing.