As anyone who has spent time living in New York will tell you, renting an apartment can be one of the most complicated, confusing, and mentally painful processes you can go through. Thats why two years ago when I started working with the NY Tech Stars program as a mentor, I immediately connected with the Nestio team. Led by their CEO, Caren Maio, they are building a better way to get correct data from landlords and owners to brokers and renters. Today, they launched a new service to better help brokers and owners manage listings. The graphic below describes their offering best; solving the problem of incorrect information that exists between landlords and brokers and the renters.
Instead of relying on poor source data for listings, such as email blasts, faxes, outdated spreadsheets and the like – Nestio provides a way for owners to enter their information directly into the Nestio platform. This in turn gets the right information into the hands of brokers, which can then rent to consumers faster. The ecosystem improvements that Nestio are bringing to market are exactly what the Manhattan rental market needs. Today, trying to find an apartment can lead you down many paths where is difficult to find out if a place is even available. Nestio.com is becoming the central database for all listing information, directly from the sources (owners!).
The best part about working with this team has been watching them execute. Its one thing to say you are going to solve the NYC real estate markets problems, and quite another to deliver. Over the past year I have watched Caren and co. systematically build up a huge database of owners, brokers, and renters creating the right ecosystem to thrive. Now, owners are spreading the word about the time savings and headache avoidance Nestio is bringing them daily.
New York City represents the wild wild west of real estate and it has been a pleasure to watch Nestio tame it.