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In 2012, Ryan Coon started Rentalutions, a platform to help landlords manage and communicate with their tenants more effectively. The business showed steady growth, but Coon wasn't satisfied. Five years in, Coon rebranded the company to Avail and focused his marketing to target DIY landlords with under ten rental units to manage. The changes proved successful as Coon grew the business to around $7 million in revenue before selling to Realtor.com in 2020 for approximately five times revenue.
This is quite a special episode in that I get to interview my boss. Laurence Jankelow, an experienced real estate investor and former Goldman Sachs executive, is co-founder and COO at Avail. Laurence is one of the most versatile and eclectic people to be featured on Tech Nest. He got into real estate investing first with tax liens and then by managing properties. Over the years, he's built Avail from the ground up, doing everything from coding the first versions of Avail (then Rentalutions) to marketing and customer service. Laurence is one of the best when it comes to breaking down operations and creating systems to effectively build and grow a business—and we get to talk through that a bit as well. This episode is very relaxed and laid back, but is packed full of fantastic lessons and advice for founders in any vertical.
Ryan Coon Co-founder & CEO at Avail is interviewed in this episode. Avail (formerly Rentalutions) is an online platform for DIY landlords and their tenants. Follow Adam on Instagram at Ask Adam Torres for up to date information on book releases and tour schedule. Apply to become a featured co-author in one of Adam's upcoming books: https://www.moneymatterstoptips.com/coauthor --- Support this podcast: https://anchor.fm/moneymatters/support
Ryan Coon and his company Avail are serving hundreds of thousands of DIY landlords and tenants across the country, making the experience of renting better. Avail is an online tool that enables DIY landlords to effectively find and screen tenants, market their properties for rent, collect rent automatically each month, and keep track of all their rental properties all in one place. Ryan also drops quite a few knowledge bombs in this episode on the state of the industry, the importance of branding, and more. Ryan co-founded Avail (formerly Rentalutions) in 2011, is a member of the Forbes Real Estate council, and is a RE200 Mentor with MetaProp NYC, so you know he's bringing the heat. Listen in!
Ryan Coon is the CEO and Co-founder of Avail (formerly Rentalutions), the only all-in-one solution designed for do-it-yourself landlords and their tenants. The platform is used by more than 200,000 landlords and tenants across the United States. Ryan has been on all sides of the rental process and has a lot to say about how technology is not only making it easier to be a landlord but also making independent landlords more attractive to prospective tenants. I invited Ryan onto or daily tech podcast to look at how they are using technology to transform the PropTech industry. I learn how the Chicago-based portfolio company is using technology to empower do-it-yourself landlords and their tenants to gain a reputation as "Slack for landlords."
This week we talk to Ryan Coon about his company, Rentalutions which is a software for landlords.
www.rentalutions.com. If you are just starting out you may want to consider Rentalutions! Super simple and it markets your property listing to Zillow, Trulia, Hotpads, Apartments.com, with one click. Do you have tech to share? Share it go to this link ask.savvylandlord.me or go to www.savvyradioshow.com and leave a voicemail.
Are there really only three rules to getting rich? A recent online piece at a major publication says so, so we ask our crack panel to weigh in. If there WERE three rules, would these even be the correct three? Of course that's not all. We'll also talk about stock market and investing facts you may not know, and wrap it all up with some of our biggest financial regrets. On our Friday FinTech segment, we talk to Ryan Coon from Rentalutions. Thinking about renting houses on the side? Ryan and company have created some interesting technology to help you organize like a pro. Thanks to MagnifyMoney.com for sponsoring our show!
Ryan Coon, a College Works Alumnus, is on the show today! Ryan is the CEO of Rentalutions, an online software company that helps landlords find and screen tenants, create leases and collect rent. Jason Reid and Ryan talk about Ryan’s path to entrepreneurship, which started buying and selling baseball cards as a kid. Listen as Jason and Ryan talk about how to deal with disappointment, why you should celebrate discomfort, and what Ryan enjoys most about being his own boss.
Ryan Coon is the founder of Rentalutions and a former investment banker. Rentalutions provides all-in-one landlord management software. Whether you manage one unit or multiple buildings, Rentalutions gives you the ability to receive electronic rent payments, manage leases, find the right tenants, and deal with maintenance issues. Listen on itunes listen on stitcher In this episode we cover: Making the transition from investment banking to entrepreneurship Starting a company for the right reasons How the Chicago tech scene has changed Finding your first customers Ryan’s Favorite Book: The Monk and the Riddle: The Art of Creating a Life While Making a Living by Randy Komisar