Doorstead, Inc.

Doorstead, Inc. is a property management company that offers tenant placement and management services designed for homeowners and real estate investors, ensuring streamlined rental processes and improved tenant acquisition. Founded in 2019 by Bernard Liang, Jennifer Bronzo, and Ryan Waliany, Doorstead, Inc. operates in San Francisco, US.

The company specializes in tenant placement and property management services. In January 2023, Doorstead raised USD 20 mn in Series B funding led by Avanta Ventures, with participation from M13, Madrona Venture Group, and MetaProp. The company has completed a total of 3 deals, with the latest round contributing to a total amount raised of USD 20 mn and a current valuation of USD 90. 368 mn.

Doorstead specializes in tenant placement and property management services tailored for self-managing homeowners seeking efficient and hassle-free solutions. The company provides a comprehensive suite of services, including property listing and photography, rental price optimization, tenant screening, lease preparation, and professional agent-led tours. Additionally, Doorstead offers full-service property management that encompasses rent collection, maintenance, security deposit holding, and financial tracking, allowing property owners to maintain control while benefiting from professional oversight. The company's services cater to a diverse clientele, including homeowners and real estate investors, across multiple geographical markets including San Francisco, Los Angeles, Miami, and Greater Seattle, among others.

Doorstead generates revenue primarily through its tenant placement and property management services, which operate on a transaction-based fee structure. The company charges a tenant placement fee that is typically 50% of one month’s rent, with a minimum charge of USD 1,250, while the management services are priced at a monthly fee of 6% of the rental income. This model reflects a direct-to-consumer approach, where individual homeowners and landlords engage with Doorstead for professional assistance in managing their rental properties. The combination of upfront fees for tenant placement and ongoing management fees creates a predictable revenue stream that aligns with the company’s commitment to delivering quality service and tenant satisfaction in the real estate space.

In January 2023, Doorstead, Inc. raised USD 20 mn in Series B funding, which will be utilized to enhance unit economics and capital efficiency, with a view toward profitability. The company is focusing on expanding its services into new geographical regions, although specific markets and launch dates have not been disclosed. The recent investment is aimed at supporting these initiatives and optimizing operational efficiencies.