Padlist

Online Database For Rental Properties

Company Information

Website:

https://www.padlist.com

Sector:

Real Estate

Location:

Charlotte, NC

43 million U.S. homes and apartments are available for rent.

But renters are overwhelmed by the search process. Online platforms list properties based on advertising dollars, not a renter’s preferences. And renters are forced to navigate multiple websites to find what they’re looking for.

Padlist solves these problems. Its online real estate database streamlines the search for a rental home. Here’s how:

Other platforms use a map-based “rolodex” list of rental properties ranked by the highest paying advertiser. Padlist, in contrast, enables renters to search using either the company’s local rental concierge, or its Artificial Intelligence localization technology.

When reviewing properties, Padlist provides neighborhood details and “lifestyle scores,” a metric that rates homes based on the renter’s living preferences. Renters can then use Padlist to complete the entire application process.

Padlist has a partnership with Kathy Ireland, ranked by Forbes as one of the top 30 realtors in the world. Her company, Kathy Ireland Worldwide, completes roughly $2.6 billion in annual real estate transactions. Ireland also serves as an advisor for Padlist.

Similar online real estate platforms have been acquired for large sums. Trulia, for example, was acquired by Zillow for $2.5 billion in 2015. And apartments.com was acquired by CoStar Group in 2014 for $585 million.

Team Background

Blake Van Leer - Chief Executive Officer
Lindsay Van Leer - Chief Operating Officer
Raising
$2 million
Committed
$150K (8%)
Current Valuation
$8 million
Min. Investment
$1,000
Deal Type
Title III
(For all investors)
Offering Type
Equity
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