Showdigs raises $3M for expanding its apartment marketplace

April 13, 2019
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There's a new startup based out of Seattle that has funded its solution for its sector of the real estate industry.

Showdigs raised a $3 million seed round to make life easier for property managers who are inundated with requests for showings of rental homes and apartments. The company operates an Uber-like marketplace model, connecting property managers in need of people to show houses and apartments with real estate brokers looking to make some extra cash.

“They get bombarded with hundreds of inquiries every time they have a vacancy,” Showdigs CEO Kobi Bensimon said. “The problem is they have to start following up with everyone and scheduling meetings and times for people to see the unit, and this is where they get swamped and need help.”

Showdigs plugs into property managers’ systems, and when they get a request for a showing from a site like Zillow or Apartments.com, the company sends back a link to set up an appointment. Visits can be scheduled with as little as 30 minutes notice, and Showdigs then pings brokers on the platform in the neighborhood to do a showing, the same way Uber finds nearby drivers for ride requests.

Brokers make $25 per showing, paid by property managers, with Showdigs taking a cut. The company is still tinkering with how it brings in revenue, testing options like taking a percentage off each showing, offering subscriptions for property managers, flat fees per vacant unit and more.

Showdigs just launched its service in November, starting small in the West Seattle neighborhood. A month later, the company expanded to all of Seattle and Portland. In 2019, Showdigs plans to expand to more major markets.

Read more here

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April 13, 2019

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