Doorstead

Doorstead handles all aspects of property management for single-family properties–from getting the property ready for lease to managing the properties throughout the entire lease terms. Doorstead specifically targets the 15 million individual investors who own around 95% of single-family rental properties across the country. Doorstead charges 8% of rents, with no placement fee, for its services. Doorstead uses a patent-pending pricing system that compares more than 11 million rental price points to dynamically change rental prices and minimize vacancies. The company claims that landlords generate an average of USD 2,300 more in rental income every year than before using the platform. Moreover, Doorstead provides guarantees to property owners in terms of occupancy date, rental rate, and a year of cash flow. As of August 2024, the company provided its services in over 16 cities across five states.

In 2022, it launched its platform in Seattle’s metropolitan area , which marks its first national expansion outside California. As of January 2023, Doorstead had over USD 1 billion worth of properties under management and had over 150 employees (nearly 80 employees based within the US). It operates in seven markets in the US, including California, Washington, and Massachusetts, and had plans to double or triple its operations by the end of 2023. 

In January 2023, the company announced the acquisition of Knox Financials, a property management platform, for an undisclosed sum. Through this acquisition, Doorstead expanded its operation on the East Coast and grew its customer base with Knox Financial’s clientele in Massachusetts. Knox Financial ceased operations at the end of 2022.