Trulo is a marketplace that lets businesses find and lease flexible office space directly from hosts without brokers. Tenants can book, move in with insurance and payment secured, and enjoy month‑to‑month leases with 30‑day notice, while owners list spaces, receive upfront rent, and keep 98% of revenue after a 2% platform fee.
Funding
Funding not disclosed
Founders
Product
Problem
Small businesses and entrepreneurs often face lengthy, costly, and opaque processes when trying to secure short‑term commercial space, relying on brokers and inflexible lease terms that hinder rapid growth.
Solution
Trulo operates an online marketplace that directly connects space owners (Hosts) with businesses (Tenants) seeking flexible office, retail, or event spaces. Users can search, book, and lock in the first month’s rent and insurance through the platform, after which the agreement automatically shifts to month‑to‑month terms with a simple 30‑day notice for cancellation. The platform handles payment processing, holds funds during the protected period, and provides insurance coverage from day one, eliminating broker commissions and reducing transaction friction. Hosts receive upfront payment, retain 98% of the rent after a 2% platform fee, and can estimate potential earnings using market‑based tools. All listings are vetted by Trulo to ensure legitimacy and compliance.
Target Audience
Primary customers are small businesses, startups, and entrepreneurs in the United States that need short‑term, flexible commercial space, as well as property owners looking to monetize vacant office, retail, or event spaces without traditional leasing constraints.
Features
- Direct booking interface that removes broker involvement and eliminates commission fees
- First‑month rent and insurance secured upfront, with funds held until move‑in confirmation
- Automatic transition to month‑to‑month licensing after 30 days, with a 30‑day rolling notice for termination
- 2% platform fee for Hosts, allowing them to keep 98% of monthly rent; 10% tenant service fee applied to payments
- Earnings estimator tool that projects rental income based on square footage, space type, and local market rates
- Verified business‑level tenant screening and insurance coverage active from day one
- Payouts to Hosts released 7 days after move‑in confirmation, ensuring timely cash flow