Say Goodbye to Tedious Rental Applications
USA- San Diego, CA | Oct 4 2012 | (23:02:23 - EDT)
Cozy, a start-up trying to take a lot of the headache out of the landlord-tenant relationship, has raised $1.5 million in seed funding.
The round was led by The Social+Capital Partnership, the venture fund created by former Facebook Vice President Chamath Palihapitiya. Other investors include Google Ventures (Kevin Rose is Google’s partner on the deal), Tim Ferriss, Jason Calacanis, and Gary Vaynerchuk.
Co-founders Gino Zahnd (CEO) and John Bragg (CTO) gave me a quick tour of the service on Wednesday. They say it tackles two of the big interactions between landlords and tenants — the rental application and the actual payment.
When it comes to applications, landlords really only care about a few things, Zahnd says, namely the applicant’s job, employer, income, and the percentage of their income that they’d be paying in rent. Everything else on the standard application is just noise. So instead of forcing renters to fill out a long application that the landlord probably won’t read, applicants create a shorter profile on Cozy. Landlords get an online dashboard where they can sort through the applications, while renters get a single profile that they can send to any interested landlord, rather than filling out the same application over and over.
Source: Anthony Ha of Tech Crunch
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