Funding

OneRent raises $4M in Series A

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What does OneRent do?

OneRent, is an end to end residential rental and property management service. The company provides full service rental management for tenants and landlords. The company is simplifying the rental market by facilitating and managing the entire lifecycle between owners and renters. The company’s end to end services manages lease signings, showings, property maintenance and rental payments.

How much OneRent was funded?

The company raised $4M in Series A on March 24, 2016 from Renren Inc.

Previous funding

  • $450k on December, 2014
  • $1M on January 21, 2016

What is next for OneRent?

The company since its launch in 2016 January, has significantly expanded its portfolio. It is now managing properties for over 500 property owners and real estate investors with building from 1 to 50 units. The company has over $500 M worth of properties to manage, and is on track to have one of the fastest growing portfolios in the industry of residential management. The company plans to use the latest funding raised for supporting its expansion into many new high volume markets this year, and also for acquiring some new talent. The company also plans to offer its services to long term renters in the cities of Portland, Sand Diego, Washington DC, Sacremento, Boston and Los Angeles.

More about OneRent

OneRent was founded on March 17, 2014 by Arman Dezfuli-Arjomandi, Rico Mok, Chuck Hattemer, Evan Huang and Greg Toschi. It has its headquarters in San Jose, California.  The company was founded after the founders went through a fragmented and painful rental experience as the first time renters. The company with its first product, has spend countless hours with the renters and owners in learning their pain issues and really digging deep into the roots of the rental process. The company also works closely with the traditional property managers and began noticing some deficiencies which can be addressed with more technology integrated into each property’s operations. The company calls it idea maze. The result of their learning is the 1st consistent and transparent rental experience through the company’s end to end property management service.

 

 

 

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