Furnished Finder Company Profile

Background

Furnished Finder is a leading platform specializing in mid-term rentals, offering furnished housing solutions for stays of 30 days or more. Established in 2014, the company caters primarily to traveling professionals, including travel nurses, corporate travelers, and relocating families. With a mission to provide affordable and flexible housing options, Furnished Finder has become a trusted resource in the real estate industry, boasting over 300,000 furnished properties across the United States.

Key Strategic Focus

Furnished Finder's strategic focus centers on:

• Mid-Term Rentals: Specializing in stays of 30 days or more, targeting professionals on temporary assignments and families in transition.

• Direct Landlord-Tenant Communication: Facilitating direct interactions between property owners and tenants, allowing for personalized agreements and fostering trust.

• Cost Transparency: Eliminating booking fees and commissions, ensuring affordability for tenants and profitability for property owners.

• Extensive Property Listings: Offering a vast inventory of unique, furnished properties nationwide, many exclusive to the platform.

Financials and Funding

In 2023, Furnished Finder secured funding from Summit Partners, a private equity firm known for investing in high-growth companies. This partnership aims to support the company's expansion and enhance its service offerings.

Technological Platform and Innovation

Furnished Finder distinguishes itself through:

• User-Friendly Platform: A comprehensive online interface that allows users to search for properties based on location, budget, and availability.

• KeyCheck: A proprietary platform offering landlord tools such as online rent collection, tenant screening, and custom leases, streamlining the rental process.

• API and White Label Solutions: Providing partners with API and white-label housing data solutions, enabling seamless integration of Furnished Finder's listings into other platforms.

Leadership Team

The executive team comprises seasoned professionals with extensive experience in travel and real estate industries:

• Jeff Hurst: Chief Executive Officer

• Cami Narino: Chief Operating Officer

• David Brown: Chief Information Officer

• James Fenelon: Chief Product Officer

• Matt Kinman: Chief Technology Officer

• Sophie Mann: Chief Marketing Officer

• Tania Shershin: Chief Growth Officer

• Trent York: Chief Financial Officer

This leadership team brings a combined 80+ years of experience from companies like Vrbo, Expedia Group, Dosh, and Bumble.

Competitor Profile

Market Insights and Dynamics

The mid-term rental market has experienced significant growth, driven by increasing demand from traveling professionals, digital nomads, and relocating families. The industry's revenue reached $10 billion in 2019, reflecting its expanding significance.

Competitor Analysis

Key competitors include:

• RotatingRoom: Founded in 2009, it caters to the medical community, offering affordable mid-term housing options.

• MedsHousing: Similar to RotatingRoom, focusing on the medical community, primarily in Canada.

• Sabbatical Homes: Targets academics seeking housing during sabbaticals, offering 6 to 12-month leases.

• Padsplit: Provides affordable co-living environments in over 15 U.S. cities, focusing on lower-income workers.

• Blueground: Offers over 10,000 luxury furnished apartments worldwide, targeting business travelers.

• Landing: A membership-based platform for remote workers, offering flexible living options across various cities.

• Sonder: Manages over 250 properties in 43 markets, focusing on luxury short-term rentals.

• Sentral: Operates in nine cities, managing entire buildings to provide high-quality, flexible living options.

Strategic Collaborations and Partnerships

Furnished Finder has established significant partnerships to enhance its market position:

• The Gypsy Nurse: Collaborated to provide affordable housing options for travel nurses, leveraging Furnished Finder's extensive property listings.

• Summit Partners: Secured funding to support growth and expansion initiatives.

Operational Insights

Furnished Finder's strategic considerations include:

• Direct Communication Model: Differentiates itself by facilitating direct interactions between landlords and tenants, enhancing trust and flexibility.

• Cost-Effective Solutions: Eliminates booking fees and commissions, offering more affordable options compared to competitors like Airbnb.

• Extensive and Unique Listings: Provides a vast inventory of properties, many exclusive to the platform, catering to diverse tenant needs.

Strategic Opportunities and Future Directions

Furnished Finder aims to:

• Expand Property Listings: Increase the number of furnished properties to meet growing demand.

• Enhance Technological Capabilities: Improve platform features and user experience through technological advancements.

• Strengthen Partnerships: Develop new collaborations to broaden service offerings and reach.

Contact Information

For more information, visit Furnished Finder's official website.