Home365

Last updated
Home365
Company type Private
Industry Real estate, Property management
Founded2016
FounderDaniel Shaked
HeadquartersUS
Area served
Key people
Daniel Shaked (founder and CEO)
ServicesProperty Management, Rent Guarantee, Home Warranty, Property Management Software
Website www.home365.co

Home365 is a real estate property management company headquartered in the United States, with a research and development center in Israel. [1] [2] [3] The company developed a vertical SaaS technology to operate SFR (Single Family Rentals) Property Management & Real Estate investing. It automates labor-intensive processes, financial transactions (AP/AR), property accounting, leasing, vacancy and delinquency activities.

Contents

History

Home365 was founded in 2016 by Daniel Shaked. [4] In June 2021, Home365 acquired a U.S.-based SlateHouse Property Management. [5] As of 2024, the company provided more than $1.5 million in rent guarantees, [6] and covered $1.4 million in repairs. The company has 18 locations across nine states, including its recent expansion to Phoenix. [7]

Activities

Home365 provides services to assist real estate investors in managing unexpected costs related to vacancies, delinquency, and operational issues. The company utilizes proprietary software to forecast potential risks and incorporates these forecasts into a coverage plan to mitigate financial exposure.

It provides an AI-driven platform that supports investors through real estate investing education, acquisition of investment properties, and property management of assets. [8] It analyzes 40 data points such as property age, size and location to evaluate asset performance. It also handles key aspects of property ownership, including management, maintenance, and operational costs. [9] The company uses data analysis to predict maintenance incidents and manage properties. It maintains a vendor network that performs maintenance tasks to reduce handling times. [4] [10] [11]

Locations include Pennsylvania (Lancaster, Philadelphia, Pittsburgh, York, Harrisburg, Pottstown, Reading, Lehigh Valley, Scranton), Virginia (Hampton Roads, Norfolk), New Jersey (Trenton), Maryland (Baltimore), Georgia (Atlanta), Nevada (Las Vegas), Michigan (Detroit), Illinois (Chicago), and Arizona (Phoenix).

Funding

As of 2024, Home365 has raised $60 million in several funding rounds. [4] In 2016, the company raised $7.7 million in a Series seed round led by Lool Ventures. This was followed by a Series A round in June 2021, where they secured $16.3 million, led by Greensoil PropTech Ventures. [12] [13] [14] On March 29, 2022, Home365 raised $26 million in a Series B round led by Viola Growth. [4] [10] [3] [15]

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References

  1. ↑ Bluemner, Paul (2023-04-20). "Home365 And Lendai Announce Partnership To Expand Offerings To Foreign Investors". citybiz. Retrieved 2024-10-24.
  2. ↑ Shemer, Simona (2022-03-29). "Israeli-Founded Proptech Firm Home365 Raises $26M". NoCamels. Retrieved 2024-10-24.
  3. 1 2 "Real estate investment platform Home365 closes $26M funding round". The Jerusalem Post | JPost.com. 2022-03-29. Retrieved 2024-10-24.
  4. 1 2 3 4 "Home365 secures $26 million Series B for real estate investing and property management platform". ctech. 2022-03-29. Retrieved 2024-10-24.
  5. ↑ FinSMEs (2021-07-01). "Home365 Raises $16.3M in Funding". FinSMEs. Retrieved 2024-10-24.
  6. ↑ "Home365 Launches Profit Protect Plan to Enhance Real Estate Investment Predictability". markets.businessinsider.com. August 21, 2024. Retrieved 2024-10-24.
  7. ↑ "Property management startup Home365 launches in Las Vegas". Inman. Retrieved 2024-10-24.
  8. ↑ Liamzon-Tepman, Marie (2018-11-21). "The Next Big Thing in Property Management Innovation: Data and A.I." Fourandhalf Marketing Agency for Property Managers. Retrieved 2024-10-24.
  9. ↑ "How Home365's Profit Protect Plan Is Making Risk-Free Real Estate Investment a Reality - Grit Daily News". 2024-08-15. Retrieved 2024-10-24.
  10. 1 2 FinSMEs (2022-03-29). "Home365 Raises $26M In Series B Funding". FinSMEs. Retrieved 2024-10-24.
  11. ↑ Burns, Joe. "Home365 raises $26M Series B for property investment and management platform". FinLedger. Retrieved 2024-10-24.
  12. ↑ "הסטארט-אפ Home365 השלים גיוס של 16.3 מיליון דולר | כלכליסט". calcalist (in Hebrew). 2021-06-29. Retrieved 2024-10-24.
  13. ↑ "Property management startup Home365 secures $16.3M round". Inman. Retrieved 2024-10-24.
  14. ↑ Larsen, Keith (2021-06-29). "Proptech Home365 closes $16M in funding led by Canadian fund Greensoil". The Real Deal. Retrieved 2024-10-24.
  15. ↑ Ben-Hutta, Avi (2022-03-31). "Home365 raises $26 million". Coverager - Insurance news and insights. Retrieved 2024-10-24.
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