Hemlane operates a centralized property management platform that allows landlords to manage the rental process of all their properties via one platform. The platform operates a tiered system that offers landlords the option of selecting their level of involvement in the rental management process, while the rest is delegated to licensed professionals. The platform manages the entire rental lifecycle from tenant screening to managing repairs.
It also provides some added services, such as its own network of licensed agents, managers, maintenance coordinators, and a virtual assistant for addressing repair requests, all of which are available with an upgraded user package.
The company offers three packages, with prices ranging from USD 30 to 74 per month.
As of 2021, the platform claimed to operate over 14,000 rental properties across 50 states, processing almost USD 200 million in annualized payments.
In January 2022, Hemlane raised USD 9 million in Series A funding, co-led by Asymmetric Capital Partners and Prudence. The company intended to utilize the funds on product development to enable users to manage their properties remotely.
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