Funding
Funding not disclosed
Founders
Product
Problem
Property owners often face challenges in maximizing the rental income of their properties due to outdated conditions and lack of capital for renovations. Securing financing for property improvements can be difficult, and managing the renovation process adds complexity and time investment for owners.
Solution
Dora provides a renovation service for rental properties, financing the upfront costs of the project and allowing owners to pay after the property is rented. The company uses market data to determine the optimal renovation scope and rental price, aiming to increase rental income and reduce vacancy times. Dora manages the entire renovation process, from project planning and approval to contractor selection and oversight, streamlining the process for property owners. This allows owners to increase the value and appeal of their rental properties without upfront capital expenditure or direct management responsibilities.
Target Audience
Dora targets property owners looking to increase the rental income and marketability of their properties, as well as real estate agents seeking to expand their portfolio and generate additional revenue streams.
Features
- Data-driven renovation planning to maximize rental income potential
- Financing for renovation costs, with repayment starting after the property is rented
- End-to-end project management, including design, contractor selection, and execution
- Average rental time after renovation is 15 days
- Average rental income increase of R$1500 after renovation
- Average renovation duration of 30 days
- Partnership program for real estate agents, offering commission for property referrals