Photo - HostEasy
62507

HostEasy

USA, Nevada
Market: Real estate, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 17.09.2024
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Idea

HostEasy is an AI-powered platform which automates all property management tasks with a single click. It helps users scale their rentals without losing up to 30% to management companies.

Current Status

In the 8 weeks since we began
1. Runner-ups at Techstars Hackathon Pitch Event 2024
2. 108 users on the waitlist
3. 178 Properties on the waitlist
4. Launched MVP
5. 15 properties onboarded
6. Raised Angel round
7. Created 5 partnerships
8. Grew the team to 9 people, including a 24/7 operations wing for faster onboarding

Problem or Opportunity

HostEasy is solving the problem of time-consuming and inefficient property management for short-term and mid-term rental property owners. Currently, property managers juggle 14+ different apps and hire multiple virtual assistants across time zones to handle guest communications, scheduling, vendor coordination, and more. Even with these tools, they remain heavily involved in daily operations, making it hard to scale without significant overhead costs. The only alternative is to hire a traditional property management company, which eats up 15-30% of their revenue, with minimal transparency

Solution (product or service)

HostEasy offers a solution by providing an AI-powered platform that automates all property management tasks, enabling property owners to achieve true freedom from day-to-day operations, saving users 15 times more time at 20 times less cost.
This allows them to scale their business efficiently, save time and money, and deliver a consistently high-quality while providing their guests a concierge like tailored service.

Business model

We estimate generating $400/listing/month through a combination of user subscriptions and additional revenue streams. Importantly, users only pay $100-$150/month, while the remaining $250/month comes from vendors and affiliate marketing:
1. Subscription ($100/listing/month from users)
2. Cleaning & Vendor Commissions ($200/listing/month from vendors)
3. Customized Guest Concierge Service Add-on ($50/listing/month from users)
4. Affiliate Marketing Partnerships ($50/listing/month from local businesses)

Incubation/Acceleration programs accomplishment

Came 2nd at Techstars Hackathon
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