In recent years, popularity has grown in the real estate market towards simple software tools that can help renters & buyers. Companies such as Airbnb initially powered the wave by providing individuals with a platform to find homes that they can stay for a short period of time with ease. Competition and the high demand lead to low and affordable prices and the market clearly took notice. A new startup called Bungalow, recently raised over $14 million dollars in their Series A round. The company creates partnerships with home owners by typically leasing the home for 3 years at a time. After receiving the lease, Bungalow will then lease out each individual room and ensure to the home owner that they will oversee the property, find trustworthy & reliable tenants and send all payments on time.
To learn more about mobile application development and technology, make sure to reach out to the Appetizer Mobile team today!