This startup offers a home improvement platform that connects homeowners with local contractors, allowing users to compare quotes and review contractor experience for various renovation projects. By facilitating project management and contractor selection, the platform helps homeowners efficiently find suitable services within their budget.
Funding
$2.5M 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.
Founders
Product
Problem
Managing single-family rental (SFR) properties involves coordinating numerous tasks, from sourcing and acquisition to construction, property management, and disposition, leading to inefficiencies and reduced yields for investors. Existing solutions often lack integration, requiring users to switch between multiple software tools and hindering effective communication and collaboration.
Solution
True Home provides an end-to-end technology platform designed to streamline the entire SFR lifecycle, maximizing efficiency and yields for investors. The platform integrates sourcing and acquisition tools with construction and renovation management, property management features, and portfolio management capabilities. By automating repetitive tasks, facilitating data analysis, and enabling effective communication, True Home eliminates operational silos and provides real-time insights into portfolio performance. The platform's modular design allows users to leverage specific components or adopt the full suite of solutions to optimize their SFR operations.
Target Audience
True Home targets institutional investors, asset-backed lenders, insurance providers, realtors, and property managers involved in single-family rental properties.
Features
- Proprietary technology to source on-market and off-market assets based on defined criteria, including Cap rate and IRR targets.
- Integrated construction platform for scoping renovations during diligence and managing construction projects with real-time progress updates.
- Property management tools for leasing, rent collection, tenant communication, and maintenance request management through a tenant portal.
- Portfolio management dashboard with comprehensive reporting to track portfolio performance at an aggregate or individual level.
- Vendor management system with background checks and direct payment processing.
- Mobile app for tenants to pay rent, submit work orders, and communicate with property managers.
- Integration with True Home Concierge service for renovations and maintenance.