Sign up USA
Proactive Investors - Run By Investors For Investors

Property Connect Holdings shares rise on launching U.S. rental platform

Focusing on the US$165 billion U.S. multifamily rental market.
Property Connect Holdings shares rise on launching U.S. rental platform
Signals the start of commercial revenue generation

Property Connect Holdings’ (ASX:PCH) shares were trading 44% higher intra-day after commercially launching its LiveOffer platform for the US$165 billion U.S. multifamily rental market.

The company’s LiveOffer software as a service (SaaS) platform offers property management companies a simple solution to manage their residential leasing process.

The platform facilitates a real-time rental application process, which maximises rental revenue for property management companies, while optimising the rental offer process for tenants.

When a property manager initiates a LiveOffer for a rental property, they rank by importance the key criteria a successful applicant should meet.

The prospective tenants submit their rental applications and specify other key variables including the amount of rent they are willing to pay, the date of commencement and the duration of the lease.

Property Connect has already signed two property managers, Berger and EIMC, and has begun on-boarding all apartments currently available for rent to its platform.

The company will earn upfront a conversion fee plus a percentage of the property’s rent based on the term of the lease.

The LiveOffer launch signals the start of commercial revenue generation for Property Connect.

The company is continuing to focus on converting more of the signed letters of intent with 293,000 apartments, as well as capturing new U.S. multifamily property manager customers.

Register here to be notified of future PCH Company articles
View full PCH profile View Profile

Property Connect Holdings Timeline

Related Articles

Call service droids
March 08 2017
Between now and 2018, Panmure Gordon sees a compound annualised growth rate for profit in excess of 100%
April 04 2017
Unlike many fledgling med-tech companies it is generating revenues and thinks there is scope to significantly increase turnover in the next few years.
May 17 2017
In 2016, Pioneering's market capitalization increased by 1,170% and its share price appreciated by 725%.
Copyright ©, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use