Israeli startup Lendlord offers a portfolio management platform for landlords and property investors. Lendlord just completed a $2 million funding round led by Yoav Schreiber, co-founder of Glassbox, and Eyal Leibovitz. Other investors include entrepreneur Ran Ilany, founder of Portshift, Dror Epstein, founder of Drushim, Tal Menipaz, Chairman of Foriland Investments, and more.
Founded in 2019 by CEO Aviram Shahar, Lendlord is a portfolio management platform that helps landlords to manage, track and optimize their portfolio’s performance. Lendlord offers clients the ability to store their property details and documents securely in the cloud, manage portfolio performance KPIs, handle cash flow management and bookkeeping as well as rent collection and bank accounts integration.
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Clients can create a payment schedule for all of their tenants and get alerted as to which payments were paid, due and overdue. For mortgages, they can explore which lenders and financial products are available for their next remortgage or a new mortgage based on their own profile. Lendlord also offers clients insights on their expected rental income tax, expected Capital gains tax and their inheritance taxes.
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Aviram Shahar, co-founder and CEO of Lendlord, explained how the Coronavirus epidemic affected the business of landlords. “The coronavirus (Covid-19) pandemic significantly increased the shift of apartment owners and helped them manage their investments using digital tools, which led to the growth of our platform both in terms of users and data,” said Shahar. “The information gathered here helps us understand the level of investor risk, and thus customize financial products tailored to the level of risk-relevant for that user. We are able to significantly shorten processes for real estate investors from investment management and financing their portfolio.”
“Lendlord introduces technology that provides a real solution for a large market of property owners. We were very impressed with the amount of information the company was able to gather in a short time from a large number of property owners,” added Glassbox co-founder Yoav Schreiber.
