![]() RET Ventures is expected to provide access to its limited partners, who collectively own and operate more than 2 million rental units. TurnoverBnB is eyeing expansion into the single-family rental and multifamily sectors, Karmon said. The company plans to use its latest raise to facilitate its geographic expansion, building out its professional team in the near term, including adding engineers, designers, customer service representatives, community managers, and marketing professionals. In total, TurnoverBnB’s user base comprises more than 20,000 short-term rental hosts. The TurnoverBnB platform enables operators to hire experienced cleaners in thousands of cities, providing features such as auto scheduling and auto payment to streamline the management of in-unit cleaning. TurnoverBnB is operating throughout North America, but STR owners who source their own cleaning staff can use the platform’s other features anywhere in the world virtually, said Karmon. “We’re making it easier to operate short-term rentals.” Karmon also said he believes that the success of short-term rentals, “which have much higher yields than long-term rentals,” have made investors more amenable to startups like his that service STRs. TurnoverBnB works with short-term rental hosts on Airbnb, , TripAdvisor, VRBO and similar sites, “but we are platform agnostic,” said Karmon. We are kind of riding that short-term rental wave, but initially it was difficult with COVID, because no one was going anywhere.”Įventually, people felt safer and wanted to travel, but along with owners, were still focused on rentals having serious cleaning procedures, said Karmon. “They’re isolated by design, unlike hotels with common areas. “Short-term rentals have really thrived in the COVID environment,” said Assaf Karmon, CEO and co-founder of TurnoverBnB. ![]() ![]() ![]() SEE ALSO: Yes, Chef! The Gastronomes Developers Call to Add a Dash of Buzz
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