Doorstead, a property management startup which offers “guaranteed” rental payments to homeowners, has raised $21.5 million in a Series B round of funding.
Ryan Waliany and Jennifer Bronzo started Doorstead in 2019, initially testing out its model for setting prices for rental properties on Craigslist. Over time, the company built out a pricing model through data science and machine learning that the pair says gives it the ability to better predict how much rent a given property can command.
That’s not to say that it operates without risk. The duo acknowledge that it is indeed a risky endeavor to guarantee rent to landlords considering Doorstead has to cough up the difference if it can’t get the amount it promised.
However, they claim their prediction model works so well, that it still comes out ahead. Doorstead makes its money strictly by charging an 8% ...
