Home365 is a PropTech/InsureTech residential real estate investment and property management company founded by Israeli and based in Santa Clara California. The company just closed a $16.3 million round led by Greensoil PropTech Ventures II (GSPV II). This brings Home365’s funding to date to a total of $24 million.
Home365 has also acquired SlateHouse Property Management and Realty, an American scatter-site property management company. The purchase price was not disclosed. Nate Jones, co-founder and SlateHouse CEO, will be assuming the role of a Chief Operating Officer for Home365.
Founded in 2016 by CEO Daniel Shaked, Home365 calls itself the next breed of Property Management company. The firm leverages Technology, AI and Data to offer “no less than a revolution in owning and renting out real estate.” Home365 boasts that its platform is designed to remove the risks and unknowns of rental property ownership while “delivering predictable profits by offering vacancy insurance rental listing, tenant management and maintenance for one flat all-inclusive rate.”
“We are changing how a Property Management company can operate by implementing a true Invest and Rest strategy for real estate owners.”
Home365 boasts that the firm helps property owners save up to 50% in management costs by predicting various incidents of “wear and tear” maintenance incidents and vacancies for a flat monthly rate tailored to each property. The management service offered includes full insurance-like protection coverage for operating expenses (such as maintenance, repairs, and turnover services) and ensures steady income with a rent guarantee.
“Home365 provides PropTech optimization for small and medium-sized property owners by boosting margins, reducing risk and diminishing the unpredictability that comes from owning and operating smaller-sized rental portfolios,” said Daniel Shaked, Home365’s founder and CEO. “Being focused on delivering passive and predictable financial results, Home365 in fact invented a new Asset Class that transforms the risky nature of being a real estate investor into an all accessible ‘savings account’ experience.”
“In Home365, we see a partner with the kind of proprietary technology and underwriting software that can disrupt the property management market and deliver game-changing results for cost-control, efficiencies and asset-value maintenance,” said Gideon Soesman, GSPV’s co-founder and Managing Partner, and a new Home365 Board Member. “We also see a huge opportunity to leverage Home365 to distribute more efficient, carbon-reducing product and services into a large number of single-family homes.”
“This unique combination of expertise creates an amazing opportunity for investors to diversify their portfolio across many different regions while working within one platform that delivers predictable results,” added Nate Jones.”