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Our Industry

There are 20 million single family residences (SFRs) in the United States, more than 19 million of which are owned by 15.5 million “very small investors,” individuals or families who own one or two units. For these rental property owners, there is little in the way of data or technology to help them understand the market rental rates for their property, find and market to the highest quality prospective tenants, and manage the ongoing maintenance of their rental units with minimal headache. Pain points like these are why more than a third of all SFR owners turn to property managers for help.

Full-service property management for SFRs is a hyper-local and highly fragmented business. And just like the owners, property managers have little in the way of data, tools, and automated processes to enable them to scale and work smartly. Further, there is a misalignment of incentives between traditional property managers and the owners they represent – managers can promise a high rental rate to win the business, but do so without consequence if they secure a lower rate. They pitch fast leasing timeframes but have no skin in the game when vacancies stretch from weeks to months. Missteps on both of these fronts come at a high cost; they often are the difference between a homeowner making or losing money on their rental property each year.

Our Company

Doorstead is here to address these pain points and more which have long been considered “unfixable” by property owners. Doorstead is a full-service, technology-operations driven property manager that supports the two-sided marketplace of owners and tenants. For owners, we eliminate uncertainty by leveraging an upfront pricing model to set list price based on real-time, localized supply and demand. We invested early in building local data sets and machine learning models, leveraging hundreds of variables for a given home to predict market-clearing rents that minimize vacancy, maximize owner cash flow, and align incentives of the owner and property manager.

In 5 years of operations, we've booked $60M+ gross rents, indexed rental prices for over 10MM properties, and raised ~$38M from the investors who backed Redfin with participation from executives at Opendoor and Uber. Without that winning team, we would not be where we are today.

The Role

We are looking for a Licensed Real Estate Broker in Virginia. As our broker, you will help launch our Virginia brokerage and oversee our real estate activities. We're looking for someone who is excited about joining a high-growth startup in property management and has an affinity for technology and change. This is a part-time and remote role

Responsibilities

+ Work with legal and operations teams to establish a brokerage in Virginia

+ Oversee brokerage activities in Virginia

+ Ensure the company is adhering to state and city regulations, as well as national Fair Housing and real-estate regulations

+ Attend monthly brokerage meetings with executive team

+ Manage communication and relationship with the Virginia Real Estate Board and other required organizations

Qualifications

+ Must possess a Virginia Real Estate Broker License that is active and in good standing

+ Strong leadership and management skills to effectively oversee brokerage activities

+ Understanding of local, state and national Fair Housing and real-estate laws to ensure compliance

+ Property management experience and/or start-up experience is a plus