Guesty eases funding process for vacation rental clients

PhocusWire

Property management companies that use Guesty can now apply for financing directly in the software platform.

The streamlined application is available now that Guesty has partnered with Clearbanc, a financial services firm for entrepreneurs and small business owners.

Clearbanc will award up to $5 million in capital to property management companies that use Guesty. While $5 million will be the most awarded to any one company, there is not a finite amount of funding available.

“Our partnership with Clearbanc was an easy decision,” says Guesty CEO and co-founder Amiad Soto.

“Guesty’s main goal is to clear up time for property managers so they can grow their businesses, and Clearbanc gives them the means to do just that.”

Clearbanc’s funding decisions are based on business data, not credit reports and personal assets, and advances are provided with a fixed fee that clients can pay back as they earn rental income.

Property management companies can use the funding for marketing, renovations, acquisitions, technology and more.

“Access to capital is the number one thing that prevents entrepreneurs from growing big businesses” says Clearbanc co-founder Michele Romanow.

“Clearbanc has partnered with Guesty to help business owners scale their operations without the burden of cash flow gaps. Guesty is the machine that helps operate every aspect of a property management business, and Clearbanc is the fuel to enable that growth.”

Along with this new funding integration, Guesty provides clients tools to manage their listings across multiple channels such as Airbnb and Booking.com, and it provides property management software, payment processing, booking website creation, a mobile app and more.

 

Read the Source.

If you’re interested in learning more about property management and discovering the many ways Guesty's platform can help your business, we invite you to a free one-on-one session with one of our experts.

5 Principles Every Short-Term Property Manager Should Live By

Short-term rental property managers carry a lot on their shoulders. While their business cards and email signatures may suggest only…
CONTINUE READING

The 15 Most Popular Spring Break Destinations in the US

For families and students, Spring Break means a much-needed respite from textbooks, classes or just the humdrum of everyday life.…
CONTINUE READING

NoiseAware Added to Guesty’s Integrations Marketplace to Help Keep Your Properties in One Piece

Guesty’s Integrations Marketplace offers you all the tools you need to efficiently manage your properties. We’ve got resources to help…
CONTINUE READING

Guesty Makes Room For Multi-Unit Listings on Booking.com and Airbnb

Short-term property managers are quickly learning that renting out multiple units in one property is the ideal business model, as…
CONTINUE READING