Tech savvy entrepreneur Daniel Shaked can recognize a winning idea for a business when he sees one. The founder and CEO of Home365 was a judge at the City of Henderson’s third annual Start Tank competition in August where contestants pitched their business ideas to a panel of refined judges.
The competition awarded a $2,500 grand prize to the winner for his business selling digital advertisements to display on the windows of ride share vehicles.
Shaked said Southern Nevada is a great market for entrepreneurs to launch a new business.
“I brought my Silicon Valley-based company to Las Vegas this year, and it’s expanding quickly,” said Shaked, whose company entered the Las Vegas market in June 2019. It is currently providing its services to 500 properties in the Las Vegas Valley. “Southern Nevada is thriving, and it’s an excellent place for entrepreneurs to showcase their talents.”
Shaked said he launched Home365 in Las Vegas because of the city’s high proportion of out-of-town investors who own rental properties coupled with the high demand for single-family home rentals. Currently, there are only 1,150 homes available to rent in the Las Vegas market, according to partial statistics from the Greater Las Vegas Association of Realtors (GLVAR).
According to Shaked, competitions like Start Tank that offer hopefuls the opportunity to present their ideas before a panel of judges help encourage local start-ups.
“When people can go through the trial and error process and obtain feedback from current business owners, they often become more driven and poised for success,” he said. “I have been on the other side so I am happy to offer insight and support to young entrepreneurs.”
Shaked said he is inspired by passionate people with the motivation to succeed.
Home365 supports traditional property managers, property owners and tenants by conveniently bundling a multitude of services for a one-rate fee, including management fees, repairs, maintenance, tenant placement and rent loss due to vacancies. The new data and AI-based model aims to provide a solution for ongoing issues between traditional property managers, property owners and tenants.
“This platform saves property owners up to 50 percent in costs and will help restore a sense of trust between renters and property owners,” he said.
Bolstering the unique service is Home365’s guarantee to cover rent for vacant properties of up to one year and tenant management program to screen and place renters.
More than 40 data points are used to generate the property specific monthly fee, including the home’s age, size, type of flooring, plumbing infrastructure and types of appliances. Home365’s pricing structure typically saves up to 50 percent in operation costs versus the costs paid to traditional property management companies. In addition, the OneRate pricing structure aligns the property owner’s interests with those of the property manager.
Home365 is technologically driven property management company based in Silicon Valley. The company uses a unique algorithm to generate an all-inclusive OneRate monthly price that covers everything from repairs, maintenance and tenant turnover services to vacancy guarantee and management fees. Home365 offers an innovative way for tenants, property owners and service providers to communicate via the app, which uses intuitive technology to track the entire service process. The company entered the Las Vegas market in June 2019 and is currently providing its services to 300 properties in the Las Vegas Valley following the acquisition of Pangea Realty & Property Management. Home365 continues looking to expand by acquiring more local traditional property management companies. For more information, visit https://www.home365.co.