Company Research Report: Beekin Inc.
1. Company Overview
Name: Beekin Inc.
Mission: To use AI and Big Data tools to help real estate investors, developers, lenders, and operators effortlessly access and use critical information in real time.
Founded: No information is available.
Founder(s): No information is available.
Key People:
- Vidur Gupta: Founder and CEO
- Pat Flint: COO
- Kevin Huss: Vice President of Strategic Business Development
- Evan Hoffmann: Industry Principal
- Mitch Gooding: Director of Data Science
- Rahul Singh: Director of Engineering
- Robert Diserens: Product Manager
- Allison Wright: Customer Success Manager
Headquarters:
- USA: 950 Echo Lane, Hedwig Village, #200, Houston, TX 77024
- UK: 71-75 Shelton Street, London, WC2H 9JQ, United Kingdom
Number of Employees: 11-50 employees
Revenue: No information is available.
Known For: Beekin is known for its AI-powered SaaS platform that leverages Big Data to make real estate more efficient by predicting and optimizing rent and renter loyalty.
2. Products
LeaseMax
- Description: AI-powered revenue management system for multifamily and single-family rental housing investors, developers, and operators.
- Key Features:
- Aggregates property, neighborhood, and resident data.
- Uses machine learning to predict and optimize rental pricing for new leases and renewals.
- Delivers 150% higher renewal rent growth than competitors.
WILSON
- Description: Tool to identify loyal residents and increase retention.
- Key Features:
- Backtested models with over 70% accuracy.
- Aggregates data from real estate companies across 1 million lease outcomes.
- Measures vendor impact on retention and loyalty to predict best initiatives to increase retention.
PRESI
- Description: Improves resident engagement and measures social impact.
- Key Features:
- Property-level score leveraging factors like affordability, income, resident engagement.
- Aligns with UN Sustainable Development Goals.
- Analyzes affordability and engagement to influence investment resilience.
Ebby
- Description: Tool for quick rental valuation analysis for rental housing.
- Key Features:
- Leverages transactional data for accurate rental valuations.
- Allows acquisition and asset management teams to make offers based on predictive automated valuation models.
- Provides results in nanoseconds.
3. Recent Developments
New Products Launched
- No information is available.
New Features Added to Existing Products
- WILSON: AI Rental Retention Tool launched at NAA Apartmentalize Conference (June 17, 2024).
- LeaseMax: Features improved to boost retention by 800bps through pinpoint pricing.
New Partnerships
- No specific information available about new partnerships.
Other Developments
- Algorithmic Lease Pricing: Advocated by PropTech Innovator Beekin (April 9, 2024).
- Leadership Team Expands: To broaden focus on AI (April 5, 2024).
- The Rules Engine: New addition launched (February 29, 2024).
- Buildium Partnership: Provides AI-Powered Rental Pricing for Small Landlords (January 24, 2024).
Additional Insights
Statistics Provided:
- 15 million units of data, 75 factors for smart business operations.
- 78% accurate predictions.
- 658,200 units operated by users.
- 800bps higher retention.
Advisory Board Members:
- Ralph Pickett: Former-CEO and President, LivCor.
- Gilles Duranton: Chair of Real Estate Department@Wharton.
- Rodolpho Amboss: Co-founder, Silverpeak, ex-Lehman Brothers.
- Bhagesh Malde: Head of Real Estate at SS&C.
Values:
- Ambition: Set ambitious goals aiming for extraordinary outcomes.
- Curiosity: Strive to separate signal from noise.
- Velocity: Move quickly to solve numerous problems.
- Humility: Remain humble and ego-free.
Client Testimonials:
- Evan Cohen, CEO, Cores Management: Praises the transformation brought by using Ebby for investment decisions.
- Ralph Pickett, Founding CEO, LivCor: Highlights Beekin's significance in bringing Big Data and AI to operations.
Conclusion
Beekin Inc. stands at the forefront of real estate data analytics, offering a suite of AI-powered tools to optimize rental housing operations. With its focus on leveraging Big Data to drive efficiencies and its commitment to values such as ambition, curiosity, velocity, and humility, Beekin continues to innovate and influence the market.