Rentlogic provides building-condition grades for New York properties using roughly 150 variables (heat, hot water, pests, mold, etc.) and has evaluated more than 1 million properties in the city. The company added an inspection service it charges landlords for, allowing them to display a rating placard outside their buildings; it has inspected 103 properties to date. Rentlogic’s product combines public complaint and assessment data with machine learning; the company runs an algorithmic review committee and plans a building simulator to show how issues affect scores. It charges landlords for assessments and placards, and a white paper cited renters’ willingness to pay up to an extra $45/month to lease in a certified building. Launched in 2013 by Yale Fox after his own landlord dispute, Rentlogic has partnerships with brokers and platforms like Nooklyn and Roomi and a deal to rate Blackstone’s Stuyvesant Town asset. The company plans to scale its system beyond New York by hoovering up publicly available data to provide grades across the United States.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2018