Innovation is synonymous to change. It opens up new pathways and gives birth to even better ideas. With time, every industry has witnessed a drastic change with new innovative technologies and advancements.
However, today, we’ll talk about the real estate industry. Similar to medicine and engineering, this field has also evolved into something different, or should we call it smart.
Let’s have a look at the top-six real estate startups that are revolutionizing the industry for good!
People haven’t heard about Triplemint much, but this new startup is making some brewing some seriously innovative ideas. Two Yale University friends founded Triplemint in 2013 after experiencing an unpleasant buying/selling real estate experience.
At the time, the two friends (David Walker and Philip Lang) felt frustrated at the inefficiency and complicated real estate system. Then, they built Triplemint with a customer-centric and data-driven approach.
The company is present in the midst of New York City with a team of over 30 real estate specialists. The determined and dedicated startup is changing New York’s real estate experience with its strategies.
Fundrise is a real estate startup that began its journey with the intention of collective growth. And needless to say, it did not only them survive but thrive. And also incite a wave of growth throughout the industry.
The startup made it possible by bringing together two major industries together, i.e., real estate and crowdfunding. With this, they made it possible for entry-level investors to establish a separate ground in the industry. Thanks to their efforts, people could begin with property investments and money-making with as low as $500.
Following this, the startup then began with Electronic Real Estate Investment Funds (eREITs). The purpose of this initiative was to bring commercial real estate business within reach of small investors. Thus, providing them with a greater scope of growth. With almost a decade of such efforts, Fundrise has contributed to the substantial growth of the industry.
From finding the right space, arranging the required furniture and facilities to constant maintenance, arranging a decent workspace is a whole lot of struggle. So, some people quit on it altogether, especially when it comes to the ever-trending remote work.
Fortunately, Hubble is a real estate startup that sprung up with some innovative solutions for this rising problem. This dedicated startup helps you get what you can afford with ease. If an office with folding desks and plain walls falls within your budget and suffice your needs, then be it! They’ll help you find an office that simple!
Established not so long ago, it is a startup that focuses on listing all workplaces within the parameters of the UK. By listing, the startup aims to bring the available workplaces within the range of people who seek them, thus mobilizing the environment and increasing accessibility.
The startup claims that its three magical elements are:
They use the latest tech to gather data about millions of suitable places across the UK and then help their clients settle with a workplace that meets their requirements and falls into their budget. Trustpilot, brolly, Grow Biotech, and Fox are some reputed names that Hubble has helped settle as of yet.
Rentberry changed the entire real estate game by introducing virtual real estate agents. Yes! You read that right.
Now, we’re not talking about some actual robots. We’re talking about virtual, cost-efficient ways offered by the advanced tech of today.
Rentberry introduced an online marketplace that brought landlords and tenants face to face eliminating the need for agents. Here renters had direct access to landlords and vice versa. Thus, maximizing profits and savings for both ends. Additionally, communication between the two parties also occurs with complete transparency and efficiency through this platform.
Compstak holds aims similar to Triplemint. This particular company also strives to eliminate the inefficiency of data sharing in the real estate industry. Compstak envisions a commercial real estate in the U.S. that uses accurate statistics and keeps the data transparent.
It established a good name in real estate using its innovative policies and rules. Up till now, Compstak has worked with numerous clients. These include Empire State Realty Trust, Beacon Capital Partners, and many more.
Compstak has two co-founders that include Michael Mandel and Vadim Belobrovka. The company came into existence back in 2012, and ever since, it has grown drastically. Now, it comprises more than 100 members. It has offices in New York City, LA, Chicago, and Atlanta.
Similar to Triplemint, the Compstak real estate company is setting an example in front of newer startups to make the industry more transparent for better deals. An honesty-filled approach towards work can certainly yield better and brighter results, even in real estate!
Established in 2014, Roofstock is a startup that pursues the interest of single-family homes. It is a startup that brought about an online marketplace in existence for single-family rentals. This proficient and well-monitored platform increased the transparency and efficiency of transactions in real estate dealings, especially leased single-family homes.
The startup incorporated technology, machine learning, and artificial intelligence in its operations to make it possible for buyers to invest in properties without disturbing the renters or losing their income. With their help, most investors and buyers were able to focus on asset management rather than wasting time and energy on the hectic tasks of property management.
Although several more startups are sprouting up with newer and more innovative ideas to scale up their business and indirectly contribute to the growth of the industry, these six contributed substantially. With that said, we expect more of such growth-centered businesses to join the real estate industry soon.
Plus, recently, the pandemic gave a big blow to the stability of real estate. Several new startups withdrew to their homes, investors withheld investments, and property businesses fell a great deal. In these times, the little efforts of such businesses became a propellant towards collective growth!
Shawn Mack is a content writer who offers ghostwriting, copy-writing, and blogging services.His educational background in business and technical field has given him a broad base from which to approach many topics. He is also fond of writing interesting articles on technology & digital marketing related topics.