The fintech firm has been handpicked to join REACH Australia as it looks to build out its B2B presence.
Futurerent, a firm that specialises in providing future rental income to landlords, has revealed it has been chosen to join 2022 REACH Australia program.
The US-based scale-up program, which is now in its third year, helps technology companies in real estate drive growth by leveraging a network of industry executives across 85 countries to provide significant exposure to the global real estate market.
Second Century Ventures, the strategic investment arm of the National Association of Realtors (NAR), named Futurerent as one of the companies chosen for early acceptance in the accelerator program alongside fintech firms Home Live and Real Estate Doc.
Having recently secured a $20 million debt facility to fuel growth, Futurerent CEO and founder Godfrey Dinh said that being chosen for the program would further speed up the implementation of their expansion strategies, particularly their agency partnership program.
“Joining REACH Australia will accelerate our B2B program, including the roll-out of our partnerships program.”
Futurerent considers its partnerships program with leading independent real estate agencies to be instrumental in unlocking growth for both parties involved. The partnerships program enables agencies to grow their number of properties under management (PUMs) by offering new landlord clients six months’ rent in advance for free, through Futurerent, as an incentive to switch property managers.
“Partnering with forward-thinking real estate agencies allows us to help more investors achieve fast and seamless access to finance,” Mr Dinh stated.
He added that while the program creates “enormous value” for agency partners, the company’s initiatives are also a huge win for landlords, who are able to access six months’ rent for free through Futurerent.
The firm’s partnerships program has attracted agencies such as Melbourne-based LongView, whose CEO, co-founder, and executive Chair Evan Thornley described the partnership with Futurerent as a win-win scenario for the agency and its clients.
“We’re thrilled to give new landlord clients an exceptional reason to manage their properties with us. We know that stress-free property investing is about cashflow, as well as what happens with the tenant and the property,” he said.
Speaking further on the partnership, he added: “Being able to offer new clients access to six months’ rent in advance for free from Futurerent is a great option to meet a number of typical needs, like a renovation. It’s a seamless and valuable win-win for LongView and our new clients.”