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For example, if a rental property needs a repair, the startup has an in-house maintenance team that can handle those on a landlord’s behalf. You see, the company serves as a real estate brokerage as well. The startup has a variety of revenue streams, according to Resnik. Every time the startup sources a resident for a home, they get a 6% share of the rent. The company is looking to expand to new markets with the new capital as well as do more hiring and focus on product development. That startup raised capital from Forerunner Ventures and Bezos Expeditions (Jeff Bezos’ private investment fund) to give people the ability to buy shares in single-family rentals with “as little as $100.”My weekly fintech newsletter, The Interchange, On the renters side, Belong says it has created a system that gives them a way to build home ownership themselves. Today, Belong operates in the Bay Area, Southern California, Miami and Seattle with an engineering team distributed across LatAm, a source of pride for Resnik. Founded in 2019 by Argentine-born Ale Resnik, Savir and Tyler Infelise, Belong is a three-sided marketplace that provides services for both homeowners that are landlords and renters.
