With NestEgg Freedom, homeowners and homeowners can access NestEgg’s full suite of services for $29 per month per unit.
Fintech startup NestEgg has launched Freedom, a monthly property management plan. Homeowners and real estate investors can now access the full line of NestEgg products for $29 per unit per month, according to an announcement Thursday.
“Freedom’s property management service is a stepping stone to financial independence through real estate, something we are passionate about,” Eachan Fletcher, founder and CEO of NestEgg, said in a prepared statement. “Now real estate investors can purchase their second, third, fourth long-term rental in different states across the United States without having to worry about management or traveling across the country to resolve any issues that may arise.”
NestEgg (which received four out of five stars in an Inman tech review) provides a mobile and desktop platform that allows investors and landlords to monitor their rental manager activities such as collecting rent, scheduling maintaining buildings and units and responding to resident requests.
Users can also access on-demand customer service, maintenance helpdesk, directory of NestEgg-approved maintenance professionals, online rent processing, income and expense tracking and a tenant portal, according to a previous Inman article.
“The majority of mom and pop real estate investors today live within driving distance of their rental properties so they can self-manage and avoid paying expensive property management fees,” Fletcher added. “[Freedom] allows property investors to be completely self-sufficient in a much more profitable way and save an average of 8-10% of their monthly rental income that typically goes to traditional property management.
Since its launch in 2017, NestEgg has become a contender in the field of digital property management. The startup completed its largest-ever funding round in November with $7 million backing from multiple investors, including Hyde Park Venture Partners.
The company used the funds to launch Freedom along with several other solutions, including a paid rental and maintenance expense platform, NestEgg Pay, and two rent insurance programs that help landlords deal with delays. payment or non-payment of rent.
“With increased financial pressure on landlords and tenants due to the current economic climate, it’s more important than ever for landlords to have access to tools that generate strong cash flow,” Fletcher said. “As independent small business owners ourselves, my co-founders and I have built a platform that makes earning reliable and easy to manage.”
Email Marian McPherson