Castle, an automated property management platform founded in 2014 has raised $652,000 to date based on the premise that it will consolidate all of the hard parts of the job for users.
Castle, which started its life in Detroit, Michigan, uses a simple interface to undertake property listing and marketing, tenant screening, rent collection and maintenance.
The site automatically markets any added property on more than 40 listing sites.
In addition the company uses an on-demand labor pool of stewards to to show the property to a prospective renter.
These hourly workers also handle on-site jobs like showing properties and delivering keys.
Rather than charging a percentage of rent collected, like most existing services Castle just charges a flat fee of $79 per unit per month.
Founders Max Nussenbaum, Scott Lowe and Tim Dingman bought a foreclosed mansion during their Venture for America fellowship program.
Tech Crunch says at some point in the process they concluded they couldn’t trust to watch over their new purchase any of the property management companies they were vetting, so Castle was born.
The platform is now live for property owners in Detroit, and will be expanding soon to other US cities.