RentJuice acquires competitor Kahoots
Financial terms of the deal were not disclosed. With the move, RentJuice will also open a Boston office and Kahoots founder Janak Sanariya will stay on as director of East Coast operation for RentJuice. Kahoots’ customer data will be integrated with the RentJuice technology platform.
The platform, which RentJuice calls a “virtual rental office,” allows property managers and landlords to share available properties, directly and in real time, with partner agencies that they select. In addition, the company offers tools to assist with advertising, lead management and lease paperwork, credit reports, background checks, and applications.
As a result of the latest round of financing, the company also announced a price drop to its RentJuice Pro offering. Previously, RentJuice charged per user per month, so that a brokerage with five agents paid a total of $245 a month while a brokerage with 40 agents paid $1,560 per month. Now, brokerages with up to 100 agents pay a flat rate of $129 per month.
The company also offers a free product, RentJuice Free.
RentJuice operates in the Boston, Chicago, Miami and New York markets.
The company won a developer challenge at Inmnan News’ Real Estate Connect conference in July 2010 in which four developer teams built brand-new real estate-related Web applications in 48 hours. The company built CallJuice, which routes client calls to predetermined phone numbers so that real estate professionals don’t miss calls.
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