DISRUPTOR ALERT: PropTech Company Instarent Launches Second Equity Crowdfunding, Flipping the Traditional Real Estate Model on Its Head!

Australian PropTech Company Instarent Launches Second Equity Crowdfunding Campaign on Birchal, Flipping the Traditional Real Estate Model on Its Head!

 

·       First of its kind peer-to-peer real estate application providing a full-service end-to-end solution for self-managed properties.

·       Reported 400% growth during the Coronavirus pandemic in Australia.

·       Reached its minimum investment target of $150,000 prior to it going public for further investment.

·       38% of properties are self-managed in Australia, equating to 1.4 million properties, resulting in a $5.5billion dollar market which grew by 6 percent last year.

·       45% of properties are self-managed in the United Kingdom, equating to 4.5million properties, resulting in a $50billion dollar market.

·       625,000 properties are self-managed in New Zealand, resulting in a $2.1billion dollar market.

·       Subscription based revenue stream.

·       Supports landlords, tenants, tradesmen and contractors for repair requests and instantaneous rental payment collection for landlords.

 

After being named one of six proptech startups to watch in 2020, and one of the biggest disruptors to the real estate industry in 2021 by the Australian Financial Review, Instarent has launched its second equity crowdfunding campaign on the Birchal platform.

 

Instarent is one of the fastest growing self-managed property apps globally, within three years, the business has scaled to a team from seven to 12 employees, growing by 400% in 2020 – 2021 during the Coronavirus pandemic in Australia.

 

Streamlined, self-sufficient and simple is one of three components of Instarent’s platform. The app allows for landlords to list their properties directly on the app and manage the entire process of managing tenants end-to-end. Landlords can list, lease and collect rent in a matter of minutes, while tenants can apply for rentals, and can be vetted, selected and approved in a fast time frame. 

 

On average the cost saving on managing property is reduced by up to 80 percent, which is based on a median property management fee, meaning Instarent is saving landlords on average $2,600 per year. 

 

Co-Founder, AJ Chand said, “We are in a very unpredictable property market, rental moratoriums, rent freezes and mortgage holds caused by COVID 19 are going to have some devastating outcomes for property investors and renters. We provide our users with all the tools they need to self-manage their property in a simple, transparent and cost-effective way”

 

“Technology has been top of mind during the pandemic and has provided a lot of Aussies alternatives to doing things the traditional way, Instarent is giving control back to the consumer,” said Chand.

 

Birchal Co-Founder, Matt Vitale said “We are thrilled to welcome Intsarent back to Birchal for its second CSF raise. AJ and the Instarent team are true pioneers in Australia's proptech industry. Instarent's product has strongly resonated with customers and investors, and we're looking forward to another strong performance this time around.”

 

The process is completely paperless, streamlining and digitising all functions of property management to help facilitate real-time access to data. Instarent can generate EOFY reports and create and renew tenancy agreements while ensuring all digital entry and condition reports are securely logged and kept confidential.

 

Instarent was launched with a mission to collaborate all property management needs into one simple to use app. Giving every landlord with a smartphone the capability and power to take control of their biggest asset, with complete transparency.

 

Adding to Instarent’s mission, their vision is to make property management transparent, move away from outdated traditional processes to intelligent automation. Connect landlords and tenants in real-time via a simple to use app.

 

Instarent offers both a free-version, as well as one-off purchases in their marketplace section of the app, and a subscription-based solution each which work in a variety of ways For landlords, Instarent offers a premium subscription service for landlords at RRP $19.99 per property, per month. For the tradesman’s network, tradies can sign up to be a preferred repairer for an Instarent property from just RRP $50 per month.

 

For more information: https://www.birchal.com/company/instarent

 

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About Instarent:

Instarent is a peer-to-peer property management platform and marketplace enabling property investors to self-manage their property in a paperless, streamlined approach allowing landlords to gain complete transparency of their investment property with real-time notifications, rental payments, digital inspections, agreements and repair requests. While allowing tenants to digitally apply for properties, enter into rental agreements, set up payments and lodge repairs, enabling both the landlord and tenant to directly communicate with each other and have the support of the customer service team at Instarent. For tradesmen, Instarent allows tradesmen to cut through the crowd and receive real-time repair requests from Landlords and tenants in your region. 

 

Like any investments, Crowd-Sourced Funding (CSF) is risky. Investors may lose money in circumstances such as if the business may not reach its objectives. Please consider the CSF offer document and general CSF risk warning contained in the offer document before deciding whether to apply under the offer. You can view the general CSF risk warning here: https://www.birchal.com/general-csf-risk-warning

 

Press Package: https://www.dropbox.com/sh/ql00mf7ejk3mfsy/AACjhym6DJrHYwXw5L6Orn90a?dl=0

 

For more information please contact:

Caleb Yorke // calebyorke@publiqueagency.com // 0414 292 986