Doorvest

Doorvest aims to make rental-property investing as simple as buying a stock.

This real-estate tech company provides an end-to-end platform where individuals can purchase, own, and manage single-family rental homes entirely online. Instead of navigating the traditional process — finding properties, securing financing, renovating homes, placing tenants, managing maintenance — Doorvest handles each step through a centralized platform.

Doorvest is backed by M13 (a venture-capital fund that invested early in Lyft, Snapchat, and Ring) and Mucker Capital. Other notable investors include founders and executives from Wealthfront, Opendoor (a four-billion-dollar real-estate company), and Invitation Homes (the largest owner of single-family rentals in America with a fifteen-billion-dollar market cap).

Doorvest aims to solve a major barrier in real-estate investing: complexity. Many people want exposure to rental income and property appreciation. But they lack the time, expertise, or geographic access to manage properties themselves.

That’s why Doorvest created a turnkey experience that lowers the barriers for first-time investors.

Its platform works by sourcing attractive rental properties, often in high-demand housing markets, and presenting them to investors with projected returns and financial models.

Once an investor chooses a property, Doorvest arranges financing, oversees renovations (if necessary), places tenants, and manages ongoing operations.

Doorvest earns fees when investors purchase properties on its marketplace, and generates ongoing revenue from property-management services. Down the road, the company plans to expand to financing, insurance, renovations, and other home services.

Doorvest is seeking capital to accelerate growth and expand its footprint. It plans to acquire multiple property-management companies and integrate them into its platform. This would enable it to manage more homes, increase rental revenue, and scale its business.

Team Background

Andrew Luong - Co-Founder & CEO

Andrew is a real-estate investor and business-development expert.

Prior to starting Doorvest, he was a principal at NextGen Capital Ventures, an investment fund targeting single- and multi-family rental homes across the U.S. Before that, he was a partnerships manager with Human Interest, a financial-services company focused on retirement planning.

Earlier in his career, he helped to grow tech companies including Misfit (acquired), Gengo (acquired), and Indeed.com.

He studied finance at the University of San Francisco.

Justin Kasad - Co-Founder & CTO

Justin is a software developer who’s worked at multiple companies that were acquired.

Most recently, he was a software engineer with Healthline Media, a company publishing health-related news that was acquired. Before that, he was an engineer with HealthTap, a mobile health/wellness app.

Earlier, Justin co-founded 3rd Note, a company developing software and mobile products. Prior to that, he was an engineer with Chegg, a company providing textbooks to college students. He began his career as co-founder of Swaapr, a social network for college students to swap textbooks (acquired by Chegg).

He earned a degree in Computer Science from UC Santa Barbara.

Co-Investors

M13

A venture capital group investing in early-stage startups. Portfolio includes Lyft, Snapchat, and Ring.

Mucker Capital

Los Angeles based VC. Portfolio includes Task Rabbit and Trunk Club.