Realtor.com has officially acquired Avail to help realtor.com expand into the rental sector, offer specific support to landlords, enhance rental listing content, grow its audience, and build better brand affinity with renters.
Avail CEO Ryan Coon, one of GEM’s founding members, said:
“Landlords will have access to best-in-class tools and resources and renters will have a one-stop-shop for finding, securing, and living in their new space.”
DIY renting is getting huge. In fact, DIY landlords owning and managing property make up around 3/4th of all rentals, something that realtor.com is looking to tap into.
Avail offers users a way to create and advertise rental listings, screen applicants, access specified state and city lease agreements, process payments, and track maintenance requests and fulfillments all in one place.
David Doctorow, CEO of realtor.com, said:
“This acquisition is a key part of our strategy to make finding a home easier and more rewarding.
“We believe that Avail is uniquely positioned to meet the needs of the DIY landlords and tenants in a large, growing, and underserved market.”
Avail CEO Ryan Coon said:
“Leveraging realtor.com®‘s industry expertise and scale will allow us to expand our platform capabilities and offerings so we can continue to deliver high-quality services, tools, and education to even more landlords and tenants.”