How Rent Advances Benefit the Property Management Industry
37 viewsAbout This Episode
Rent advances provide a way for landlords to use their rental income for everyday expenses at a fraction of the cost of credit cards or loans.
Tom Smith, co-founder and chief revenue officer of Ryse, joins the podcast to discuss how non-institutional property owners can tap into institutional capital markets for new sources of liquidity using rent advances as an emerging asset class.
Tom also explores how property management companies offer rent advances to differentiate their services, acquire more units, reduce churn, and increase fees, and delves into how these advances can help with emergency repairs when cash on hand isn’t available.
Tom Smith, co-founder and chief revenue officer of Ryse, joins the podcast to discuss how non-institutional property owners can tap into institutional capital markets for new sources of liquidity using rent advances as an emerging asset class.
Tom also explores how property management companies offer rent advances to differentiate their services, acquire more units, reduce churn, and increase fees, and delves into how these advances can help with emergency repairs when cash on hand isn’t available.
About Our Guest
Tom Smith co-founded Ryse in 2023 and is the company’s Chief Revenue Officer. Tom previously worked as the Chief Revenue Officer at REZI, a PropTech company that sold the US’s first ever residential lease-backed securities. Tom previously worked as Co-Founder, CFO, and Head of Sales at Truss Holdings (PropTech commercial leasing marketplace) through their Series B raise and sale to Avison Young in 2020. Tom also co-founded Exault (an internet security firm) through its successful acquisition in 2001 by Verisign.
