2 million detached house rentals in sight for fintech pioneers

by James · October 11, 2022

Fast-growing platform partners with Buildium® to expand reach to residential property managers

NEW YORK, 11 October 2022 /PRNewswire/ — Property managers pushed one company to the front of the line when their software vendor announced its idea to integrate with other platforms. Today’s announcement that Steady Technologies took the first round of Buildium’s new marketplace comes as welcome news to real estate investors.

Steady’s value proposition is simple. For a small monthly fee paid to the property manager, the owner receives market insight, protection in case the resident fails to pay the rent and is also entitled to receive the full term’s rent in advance. Steady delivers this peace of mind exclusively through qualified property managers – many of whom use Buildium as their software system.

The key to effective distribution, the company says, is to team up with established accounting software providers and property management organizations. The reason is twofold, according to John HigginsSteady’s CEO and co-founder.

For select customers, Steady’s software engineers have also established connections to other popular accounting software systems that do not support third-party interfaces. Integration has been a consistent challenge for property owners and managers, according to NMHC, a landlord advocacy group. Staffing shortages have emphasized the importance of platform integration to eliminate extra work.

“We launched the Owner Benefit Package™ six months ago with no integrations,” says Higgins, referring to Steady’s suite of rent protection, market updates, legal monitoring and Rent Advance™. “And we’ve averaged 80% month-over-month growth. We look forward to introducing our solution to new customers with a turnkey approach.”

ABOUT STEADY TECHNOLOGIES, INC.

Founded in 2018 by John Higgins and Vik Sarkissian, Steady is a leading technology platform that gives property managers and owners access to new and innovative financial products. Steady’s suite of tailored finance and insurance products are designed to reduce risk, eliminate bad debt and generate additional income for its property management clients. The technology provides property managers with products that benefit their owner clients, while also providing competitive differentiation for their business. Steady’s insurance products are offered through its affiliated licensed agency and in partnership with a top US insurance company that is a Fortune 100 company rated A+ by AM Best and S&P. For more information, visit www.steadyrent.com.

CONSULT
John Higgins
[email protected]
379 West Broadway, 2nd Floor
New York, NY 10012
+1 877 778-3239

Cision

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SOURCE Steady Technologies, Inc