Doorvest aims to make rental-property investing as simple as buying a stock.
This real-estate tech company provides an end-to-end platform where individuals can purchase, own, and manage single-family rental homes entirely online. Instead of navigating the traditional process — finding properties, securing financing, renovating homes, placing tenants, managing maintenance — Doorvest handles each step through a centralized platform.
Doorvest is backed by M13 (a venture-capital fund that invested early in Lyft, Snapchat, and Ring) and Mucker Capital. Other notable investors include founders and executives from Wealthfront, Opendoor (a four-billion-dollar real-estate company), and Invitation Homes (the largest owner of single-family rentals in America with a fifteen-billion-dollar market cap).
Doorvest aims to solve a major barrier in real-estate investing: complexity. Many people want exposure to rental income and property appreciation. But they lack the time, expertise, or geographic access to manage properties themselves.
That’s why Doorvest created a turnkey experience that lowers the barriers for first-time investors.
Its platform works by sourcing attractive rental properties, often in high-demand housing markets, and presenting them to investors with projected returns and financial models.
Once an investor chooses a property, Doorvest arranges financing, oversees renovations (if necessary), places tenants, and manages ongoing operations.
Doorvest earns fees when investors purchase properties on its marketplace, and generates ongoing revenue from property-management services. Down the road, the company plans to expand to financing, insurance, renovations, and other home services.
Doorvest is seeking capital to accelerate growth and expand its footprint. It plans to acquire multiple property-management companies and integrate them into its platform. This would enable it to manage more homes, increase rental revenue, and scale its business.