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To make investing in vacation rentals as easy as buying stocks.
Airbnb started as a cozy experience centred on those opening up their homes for travellers. Nowadays, that’s no longer the case with listings dominated by those who own property primarily as an investment vehicle.
Here is democratising access to that side of the marketplace - one of the highest yielding segments of the real estate market. To do this, the startup has built a platform allowing people to become fractional investors in vacation rentals.
The fractional investment is crucial - delivering a truly low barrier for the first time for retail investors. With the momentum behind them, Here has plans to soon list over 100 properties across dozens of destinations.
Murmurs of anxiety about the swell of investment among ‘casual’ investors into alternative assets may give pause for thought. Interestingly, Here is actively mitigating these concerns with its rule to hold a minimum of 1% of the property to have some “skin in the game”.
Steph
Company Specialist at Welcome to the Jungle
Mar 2022
$2m
Mar 2021
$0.3m
Corey Ashton Walters
(CEO)Prior to Here, founded Homeworthy, a pioneering remote home selling platform.