Steady provides technology solutions and services specifically for property managers operating in the single-family rental market. Their platform integrates with existing property management software to automate workflows and offer risk management tools. This offering includes Rent Default Insurance and expense protections, helping partners retain clients and generate new revenue streams.
Funding
$505.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
NYPASBUV+1Founders
Product
Problem
Property managers in the single-family rental market face challenges in protecting owners from financial losses due to tenant rent defaults and related issues. Traditional risk mitigation strategies can be complex, costly, and time-consuming to implement and manage. This can lead to reduced profitability and difficulty in attracting and retaining property owners.
Solution
Steady Technologies offers a suite of integrated risk mitigation tools designed to protect property owners and enhance profitability for property managers. Their Owner Benefit Package™ includes rent default insurance, legal and re-tenanting expense coverage, and squatter protection. Steady's platform also provides services such as fraudulent listing monitoring and removal, lease compliance monitoring, and market and asset-level reporting. By embedding these solutions into existing property management software, Steady automates workflows, reduces administrative burdens, and creates new revenue streams for property managers.
Target Audience
Steady's primary target audience is property managers operating in the single-family rental market who seek to mitigate risk for property owners and improve their own profitability.
Features
- Rent Default Insurance providing up to 2 months of rent protection
- Coverage for legal and re-tenanting expenses, including pet damages (up to $1,500)
- Protection against unauthorized occupants ("squatters") up to $3,000
- Fraudulent listings monitoring and automated removal
- Lease compliance monitoring to ensure adherence to lease terms
- Quarterly asset reports and market updates to inform owners
- Legislative alerts on new and pending rental housing laws
- White-labeled experience for property managers to maintain client ownership