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Digested From “Trulia Investors Back RadPad to Make Apartment Rentals Easier”
Wall Street Journal (11/07/13) Kolodny, Lora
RadPad is the latest real estate startup to attain angel funding, having raised $800,000 in seed funding led by Deep Fork Capital, the first backers of Trulia. Founder and CEO Jonathan Eppers describes the RadPad app as a mobile rentals marketplace. It gives apartment seekers a way to find available rental units in communities that they like on a map, review photos of those apartments within the app, then arrange a time to visit them more quickly than they could using traditional brokers, listings sites, or rental marketplaces.
RadPad also gives apartment owners and managers a way to easily create geotagged listings for a high volume of communities. The startup not only conducts basic background checks, it also shows listings from "verified" apartment managers so that prospective residents don't have to worry whether they, or their listings, are scams -- a common concern on open marketplaces like Craigslist.org, for example. Furthermore, the RadPad app enables prospective residents to "quick message" managers and schedule a visit to an apartment without having to exchange phone calls and e-mails first.
Abstract News © Copyright 2013 INFORMATION, INC.
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