Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Tech News

Will bootstrapping or big VCs win the RRM arms race?

We’re closely watching the rental relationship management (RRM) space as the rental market heats up given rising foreclosures and a growing segment of buyers opting for renting in uncertain economic times. Money is now being thrown at RRM companies but some funding announcements are dramatically larger than others.

For example, RRM software company Kahoots.biz was established in Boston in 2006 and has recently been acquired by one of their competitors, RentJuice which was founded in 2009 and recently received Series B funding of $6.2 million after receiving $325,000 in Debt funding in March 2010.

RentJuice (plus Kahoots) offers listing syndication to real estate search sites like HotPads and Trulia as well as lead tracking and contract generation and after acquiring Kahoots, they’ve announced reduced pricing.

RentJuice currently serves Chicago, New York, Boston and Miami and plans to open offices in Boston.

RRMs making big moves

We are intrigued that Kahoots is acquired by the well funded RentJuice while YouGotListings sees small seed funding in the amount of $150,000 yet claims 75% of the existing Boston marketshare. Will big dollars or bootstrapping win the race toward national expansion? It will be an interesting space to watch!

Advertisement. Scroll to continue reading.

Lani is the COO and News Director at The American Genius, has co-authored a book, co-founded BASHH, Austin Digital Jobs, Remote Digital Jobs, and is a seasoned business writer and editorialist with a penchant for the irreverent.

11 Comments

11 Comments

  1. Chris Caton

    March 7, 2011 at 9:26 am

    My company uses RentJuice as our database management software. I’ve got to say, it’s definitely leaps and bounds ahead of their closest competition in terms of product quality. I think the winner in this race will be determined not by funding, but by creative innovation and product features.

    • Matt Gidney

      March 7, 2011 at 12:40 pm

      Thanks Chris, we appreciate the support!

      Matt
      VP Sales & Marketing, RentJuice

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Business News

InsideDigs showcases off-market rentals Much like a pocket listings site for residential listings prior to being publicly listed through the MLS, InsideDigs is a...

Tech News

We’ve proclaimed our affinity for companies financially backed by Y Combinator as we continue to find them to be tools that simplify processes formerly...

Advertisement

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.