Rental management firm Rented raises $125 million for host guarantee
Rented wants to close the gap between homeowners who want a guaranteed income stream and property managers who are rarely able or willing to offer this.
The U.S.-based vacation rental management service Rented has created a fund to the tune of $125 million that will allow it to guarantee an income to property owners who want to connect via its platform to property managers around the world.
It currently has more than 1,000 managers on its network.
The company estimates that around $20 billion per year is lost money due to contrasting financial needs at the two ends of the connection.
Rented claims to have some half a million rental weeks listed on its platform, and works with property management services such as Vacasa, Turnkey and Oasis Collection.
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