8 Property Renting App Business Success Stories [2024]
Here are some real life success stories of starting a property renting app business:
1. TenantCloud ($12M/year)
The founder of TenantCloud, who grew up in a small reservation town, became both an investor and a landlord, experiencing the challenges firsthand. Recognizing the need to streamline property management for landlords, they created a product that combines various functions such as rent collection, tenant screening, maintenance scheduling, and accounting all in one platform, catering to the 15 million landlords in the US who own 21 million rentals and house 60 million tenants. With a projected revenue of $15 million in 2021, TenantCloud has achieved profitability and plans to continue growing by making strategic acquisitions in the future.
How much they make: $12M/year
How much did it cost to start: $250K
Current team size: 130
TenantCloud is a leading property management software designed to assist DIY landlords in managing their rental properties, with revenue projected to reach almost $15 million by the end of 2021.
2. Casa Mia Coliving ($2.4M/year)
Eugenio and Ahmed, co-founders of Casa Mia Coliving, came up with the idea for their business after experiencing challenges with finding suitable accommodations while working in different countries. They saw the potential for coliving and decided to create a sustainable and modern coliving company in Singapore. Through their innovative approach and effective marketing strategies, Casa Mia Coliving has reached an annual revenue of $2.5 million and aims to double their business this year while launching in a second city.
How much they make: $2.4M/year
Current team size: 7
Casa Mia Coliving, a sustainable and modern co-living and property management company in Singapore offering affordable accommodation, has an annualized revenue of $2.5M with 150 bedrooms across popular neighborhoods, attracting young professionals and boasting a 10x LTV/CAC ratio, all while focusing on unit economics and profitable growth.
So... can you actually make money with a property renting app business?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
4. Booking.com
Big savings on hotels in 120,000 destinations worldwide. Browse hotel reviews and find the guaranteed best price on hotels for all budgets.
Where they're located: Nashville, Tennessee, USA
Website traffic: 546M/month
5. Realtor.com
Realtor.com is a real estate listings website, and the second most visited listings website in 2021.
Their twitter feed consists of new homes for sale, market insights, and tips for buying/selling a home.
Where they're located: Saint-Sulpice-les-Champs, New Aquitaine, France
Website traffic: 176M/month
So... can you actually make money with a property renting app business?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
7. 99acres
Search over 8 lakh+ properties on 99acres.com. Buy, rent or sale of residential & commercial property. Check real estate prices, property trends. Post ads for Free !
Where they're located: Maharashtra, India
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
