Awning helps individuals invest in Single Family Real Estate. Over 20% of Single Family Homes purchased this year were purchased as rentals. There is no dominant real estate technology nor is there a brokerage that supports individuals through the real estate investing process. Awning is a service that makes it much easier for individuals to invest in rental properties and gives individuals a level playing field with institutional investors like BlackRock and Goldman who are entering the space and making it harder for individuals to compete with the speed at which these players move in the market. We've raised $9.3M from top investors and are growing quickly.
We're hiring a Sr. / Staff Backend engineer to help us solve real estate data problems and to help us build features for our customers and agents to use. Some of the fun problems you can work on at Awning include search, dynamic calculations of returns on real estate investments, and mangling complex real estate data. We are built in AWS and we use Python, Django, Redshift, and Airflow. We're completely remote & distributed.
Feel free to e-mail me at shri(at)awning(dot)com if you're interested in learning more. Thanks!
Opendoor helps sellers of primary residences sell their homes without putting them on the market. They also help individuals buy primary residences that they've purchased.
We're helping individuals buy Single Family Homes as rental properties from the market, helping with all aspects of purchasing and managing rental.
When you work with Awning, you're assigned an Awning Advisor, a licensed real estate agent, who understands your financial goals with real estate. They then ensure that Awning is finding the best properties for you to purchase as a rental home. Awning agents only work with individual investors on our platform meaning they have a lot more expertise in the investing domain than a traditional residential real estate agent. They're salaried and receive benefits as well!
All of the properties on our platform have been curated by a combination of our algorithms and team and they come with a picture of their estimated financial returns, including numbers like the expenses you'd have maintaining the property as a rental and the rental income you'd yield. We've spent a lot of time building systems to analyze every listing on the market and surface the best deals -- something that the best firms on Wall Street have built themselves but haven't given retail investors access to. We're democratizing access to the speed and data these investors have.
Once you've purchased a property with us, we connect you with a vetted property manager who manages your rental day-to-day, dealing with maintenance requests & finding a tenant.
Since we're a licensed brokerage representing our customers, we don't have to charge any extra fees for our service -- we make money through the commission fee that's included in every listing on the market, regardless of which brokerage you buy it with.
Let me know if you have any other questions -- hope that's helpful!
Shri here - former YC founder and previously at Eaze. Peter Fishman (founder of Mozart) is the most intelligent and pragmatic data leader I've met and was a joy to work with. If you're looking to setup your data stack, I can say wholeheartedly that you're in good hands with Pete. :)
Boston's startup scene is dominated by MBAs who think hackers are cogs you put red bull in to get code out and technical cofounders are only worth 5% of the company. I think YC actually has done a lot to change this in the last few years as someone who interacts with the scene often, though these MBAs will never go away.