New Tech Company Provides Off-Market Rental Deals

A new real estate tech company is providing off-market listings to renters. Southern California-based PocketList is an apartment rental platform that provides rental listings before they are widely marketed, giving the renters a leg up on snagging the best housing. But, it isn’t only renters that are benefitting. Landlords will see vacancies fill faster, creating more stable occupancy and cash flow.

“As co-founders, Julian and I realized that everyone we’d ever known and loved had been burned one time or another by the experience of being a renter,” Nick Dazé, co-founder and CEO of PocketList, tells GlobeSt.com. “We just couldn’t go on being renters without trying to fix some of these problems. With the current system, departing tenants know they are moving long before they actually do, essentially sitting on a secret that could benefit the entire rental ecosystem, including new renters and property managers. On average, rentals sit vacant for nearly a month every time they turn over—PocketList aims to bring this lag time to zero.”