Continuing with the series of features about each of the impressive Startups Incubate Miami 2012 has been able put together this year Startropica sat down with Jonathan Addison, Founder and CEO, ofRentJiffy, a real estate management platform that makes life easier for landlords and property managers. This is our interview with him:
How the thought of creating RentJiffy came about in the first place?
It came out of my own Real Estate practice. I am from Washington DC, one of the busiest, and one of the most legally complicated real estate cities in the country, the most obvious example of this is the license property owners need to have in order to be able to rent that specific property, that’s for every single property they own, with all the different regulations for each type of building of course. So RentJiffy was conceived in 2010 originally to make life easier for DC Landlords offering to facilitate this type of licensing. Basically they go to RentJiffy and hire us to process the license for them, but we are about to launch a host of additional features as well on a national level, that’s why we came here to Miami.
So Rentjiffy started by offseting a huge need in the DC Real Estate market, I am guessing it grew fast.
Thankfully yes it has been a success. Since January of 2010, we have doubled our revenue every year, that’s 3 years in a row. In 2011 we did $175.000 and to date we are approaching $300k in sales for 2012, enough to keep the team going and to help us put in place the next step which is to make RentJiffy a national platform