Sailaja Abburi on LinkedIn: Mainstay, a Comprehensive Market Intelligence Platform for the… (original) (raw)
Sailaja Abburi’s Post
Design leader, Advisor
3mo Edited
It's a week of exciting news. Ecstatic that we are finally public with Mainstay, a company we’ve been building within Opendoor for over 4 years. This rebrand has been a labor of love and a whole lot of teamwork. Go to https://mainstay.io to check it out.
1,143 followers
3mo Edited
We’re thrilled to introduce Mainstay! Our mission is to revolutionize the single-family rental industry. Co-Founder Nathan Harbacek explains, “Mainstay’s offering improves access to information for residents and positions us as the partner of choice for institutional buyers and sellers operating in the single-family rental ecosystem.” A big thank you to Khosla Ventures & Opendoor for their support. Join us in transforming the industry #RealEstate #PropTech #Innovation #SingleFamilyRental #MarketIntelligence #KhoslaVentures #Opendoor #MainstayPro #SFR
Congrats Shai and team! I know how much hard work you all poured into this to make it happen.
Congratulations! Awesome work. Wish you and everyone at mainstay the best !!
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Community Specialist | 8 Coliving Roles Over 4+ Years | Championing a New Housing Era
10mo
I have to admit, I get judgemental when it comes to most coliving offerings. I think it has to do with assumptions around power and transformation – hopefully I’m wrong, which would mean that the big players are changing lives, just on a bigger scale. Here’s the assumption, in story form – When I was at the Grove, an OpenDoor Coliving community, we had a lot of power. 👏 we decided what we were about 👏 we decided who was accepted in 👏 we decided how to arrange the space 👏 we decided what events to throw 👏 we co-decided when it was time for someone to leave 👏 we co-decided on how to use a house budget 👏 we even decided on how to decide It led to lots of storming and norming, discussions, conflict, trust-building, communication-strengthening, bonding, wild and would-be-unsanctioned events, experimentation, leadership opportunities…it was trial by fire, and I saw it be transformative… and traumatic. We had the space and freedom to pretty much create what we wanted. The way I see it, literal power / energy was transferred to us and with that came powerful impacts. Maybe even too much power. For example, for a while we had a one-veto policy for member selection, and when 15 people were voting, inevitably someone would veto almost every time. This meant that rooms sat empty at the community for months, at the cost of the owner and OpenDoor. However it also allowed for transformative experiences. It changed my life and I’ll forever be grateful. 👉 The assumption is that if a coliving operator doesn’t transfer much power & control and instead provides all these services…if residents aren’t em-powered…then the impacts will be a flatline…they'll provide a ‘nice experience’ at best. I would not trade a nice, resort-like, service and amenity heavy, sterile experience for the one I had if someone literally tried to hand me a million dollars. Not a chance. And, I think that’s the experience I personally needed. Having diverse offerings fits different needs, so it’s probably another case of “it’s not either or, it’s both and more.” Here’s the possible downside though – I believe the operators who keep more power are able to scale and have a disproportionate impact on public perception of what coliving is, dissuading those who may want something different. It’s a big reason why I want to do coliving research, or attach resident impact to coliving platforms…to illuminate the potential of coliving communities that empower their residents. So that the world and the coliving-curious can see what is possible and decide accordingly 🙌 🔹🔹🔹🔹🔹🔹🔹🔹🔹 Hi, I'm Kyle Gaarder. I believe community living can transform ourselves and our culture. I dream of a future where community balanced with individualism is common sense and accessible. I share what I'm thinking about to give possible value and find my place within the movement.#coliving #colivingspace #communityliving Mayank Pokharna Gui Perdrix Victor Augais Jay Standish Ben Provan
To view or add a comment, sign in - 🚀 Exciting News Alert! 🚀 We are thrilled to announce the official launch of RentMe – your ultimate destination for simplified rental experiences and efficient property management solutions! At RentMe, we're passionate about revolutionizing the rental industry through innovative technology. Our platform empowers renters to discover their dream properties effortlessly, leveraging advanced location-based features to match them with rentals that perfectly suit their preferences. But that's not all – we're also here to support landlords and property managers in optimizing their operations. With RentMe, landlords can streamline property management tasks, from tenant screening and lease management to maintenance requests and financial tracking. Join us on our journey to transform the rental landscape! Whether you're a renter in search of your next home or a landlord seeking to elevate your property management game, RentMe has you covered. Stay tuned for exciting updates, tips, and insights as we embark on this exciting adventure together! #RentMe #PropTech #RentalRevolution #PropertyManagement #RealEstateTech
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Property Developer | Coliving
5mo
Common has gone under and the coliving world is reeling… With the dust having settled following Common's recent bankruptcy announcement, I’ve finally had a chance to listen to Gui Perdrix insightful podcast with Brad Hargreaves, Common's former CEO (link in comments). Having manned the tiny rubber dinghy that is HIVE Coliv for the last few years, I couldn’t resist sharing some of my key take-aways from the events which have unfolded: 🏗 Coliving Operators = Property Management Companies Don’t shoot me for stating the obvious, but once you strip away all the bells and whistles, coliving operators are fundamentally nothing other than property management companies. Whether your business model is based on pursuing master lease agreements or fee-based management agreements, fundamentally, you are managing a real asset in exchange for some form of remuneration. Yes, with the added layers of branding, tech, services, community etc. it’s more nuanced than managing traditional multi-family / BTR assets, but this does not magically absolve one from adhering to the fundamentals of the property management business model. Please please please don’t pretend to be a tech company and whatever you do: 💰 Avoid VC Money Raising millions in funding from VCs is like trying to power a horse-cart with rocket fuel – it’s not needed and won’t work. It’s great for the ego but the expectations which comes with it will inevitably force you into a “scaling at all costs” approach, which leads me to my next point: 💸 Positive Margins Trumps Growth Until such time as you’ve optimised your operations and you’re close to achieving positive profit margins at the asset-level, “scaling at all costs” might keep the VCs at bay but will only serve to exacerbate any inefficiencies in your operations and will lead to more negative cash outflows. Yes, we all want to announce new assets under management, but if you’re running at negative margins at the asset-level, don’t fool yourself into believing that securing more keys is the answer to achieving positive margins. 🏦 Asset Density is Key And if you are hell-bent on maximising keys under management, please at least do so in a manner that achieves density / critical mass in a specific geography before your branch out to new cities / countries. Again, if your margins are not positive at the city-level, juggling more assets in dispersed geographies will only make your life more difficult. And last but not least: 👩🎓 Choose Your Asset Wisely Don’t dilute your brand / offering and confuse your customers by accepting mediocre assets – again, this is great for showing growth in the short-term, but will inevitably come back to bite you in the long-run.
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The Conscious Development MAP® Align your 'self' with your world. It's called Finding Your Formula®
9mo Edited
do you own, or rent? renting's costly, it sucks your time owning's smart you get a return on your time not talky about bricks and mortar more positioning and attention relying on platforms beyond your control isn't a smart move even this platform leaving all your assets here isn't smart what is, is building your assets so you have control of them always and in ALL ways if your only asset is grabbing attention on a platform that can change its mind like a landlord that fancies Airbnb over long term tenants you Will get caught out somewhere down the line maybe not today, but it'll happen build your assets develop them, so you have control over who you get in front it lists, opts in, all the sexy stuff (ahum) it's sewing your seeds toiling the land getting ready for harvest if you don't, the only thing you may get is famine work on owning your space, not renting it
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PropTech founder. PropTech and supplier partner advisor. Real estate investor. Advocate for housing that elevates lives. Develops marketing systems used by 1000s of properties nationwide.
6mo Edited
30 Lines made the annual pilgrimage to Huntington Beach to attend the #AIMConf last week, and the entire experience was top-tier as usual. Kudos to Steve and Dennis for the juggernaut they've built in service of moving multifamily forward. I have countless insights and takeaways from both the sessions and the many conversations with some of the brightest minds in the industry. My notes are meaty, so I'll do my best to break down the trends and insights over the next few days. Let's start with this... Technology is no longer a differentiator on its own. Not long ago, properties could differentiate themselves with high-tech amenities. The earliest adopters saw an operational advantage when they rolled out automation before their competitors. That's not the case anymore, especially in the most competitive markets. Technology is readily available and being used broadly by many operators. 🤖 For those who have embraced technology, it's easy to find chatbot solutions and/or virtual leasing assistants to respond to prospects promptly and accurately. 👩💻 It's easy to find robust property website platforms and tools to offer options for different touring experiences. 🎥 It's easy to find partners who will help you embrace video in a myriad of formats and for various use cases. 🏦 It's easy to find services that will enable you to offer greater flexibility in how you screen prospects and accept payments. We're all getting better at this. That said, we're still in the early innings of proptech adoption. There's a lot more coming – this industry is going to look and function very differently in less than a decade. There's still plenty of opportunity to embrace technology and dial in your current tech stack to improve it. A lot of what your comps are doing today is off-the-shelf tech. Template websites. Chatbots that often look and sound the same. Email responses that use the same language and design as others who use your PMS. And that's what I mean – the technology itself is not a differentiator. But … *it is an enabler.* It's an incredible starting point. Your tech stack gets you closer to our customers. It allows you to deliver more personalized experiences at scale, at every step of the renter journey. Now is the perfect opportunity to step back and identify all the ways to put your stamp on every touch point and every aspect of the operation. Make it uniquely you. It's the perfect time to grill vendor partners like me. "What does your tech really enable us to do? What can we do that we're not leveraging right now? If I want to do X or change Y, how can I do that?" It's up to you to tailor it for your business. For your stakeholders. For your customers. For the kind of service you want to be known for. We're now very much at a point where the science meets the art. You have your canvas, your easel, your brushes – it's time to get to work on your masterpiece.#AIMConf #apartmentmarketing #multifamily #proptech
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To view or add a comment, sign in - Our CEO, Istvan Juhasz explains the difference between timeshare and co-ownership and why Shard is changing the game in real estate. Here are 3 key reasons we’re not a timeshare: 🏡True Ownership – Your name is on the title deed, making you a real co-owner, not just a participant in a timeshare. 📈Property Appreciation – As a co-owner, you benefit from property appreciation and can sell your share at a higher price whenever the market grows. 💰Full Flexibility – You can sell your share anytime with Shard's help, unlike timeshares where you’re often locked in. 👉Check out the video where our CEO breaks down the difference between timeshare and co-ownership
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To view or add a comment, sign in - As WeWork begins its bankruptcy process, we now have insight into its founder, Adam Neumann's, new project. You may remember some time ago, Neumann was able to get a 350millioncheckfrom16zforhisapartmentstartupandthathewaspurchasingsome350 million check from 16z for his apartment startup and that he was purchasing some 350millioncheckfrom16zforhisapartmentstartupandthathewaspurchasingsome1 billion in real estate. The result? A slightly more social version of your typical apartment complex? And....that's it? Not exactly the groundbreaking move you would expect from a self-declared visionary (and raises questions of how he was able to raise that much for such an ordinary concept from a firm that seeks out new, paradigm shifting companies). As the article below states, the idea of apartment renters having some form of equity in the complexes doesn't seem to exist yet (if it well at all). So will Neumann be a better landlord than he was Founder and CEO? And how is he able to continue to get such big checks from supposedly smart investors?https://lnkd.in/e7Qn59XV
Adam Neumann’s apartment startup is here - The Hustle https://thehustle.co
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