The Real Deal reported that REZI had run out of money and shut down; Sean Mitchell said capital dried up and rising interest rates made financing more expensive.
SourcePublic company, workplace, funding, and market signals
Updated Jul 29, 2026
REZI was a New York-based proptech company that ran a fully remote, automated rental marketplace / "occupancy-as-a-service" platform. It helped landlords lease vacant apartments with guaranteed income and let renters find, tour, apply for, and lease homes without fees. Public reporting says the company ran out of money and shut down in April 2024.
Primary product
Occupancy-as-a-Service digital rental marketplace for long-term apartment rentals
Founded
2016
Headquarters
New York, New York, USA
Team size
10-50
Work style
Remote
Industry
Real Estate
Sub-industry
PropTech / rental marketplace
Offices
Business model
Leadership
Co-Founder, Chairman & CEO
Co-Founder & President
Co-Founder & CTO
Chief Research & Analytics Officer
Chief Revenue Officer
Investors
Mission-driven proptech with an automation-heavy, fully remote operating style; public materials emphasize reducing rent frictions, costs, and bias for landlords and tenants.
Work style
Remote
Compensation
No public compensation bands or detailed compensation signals were found.
Pricing
Renters used the platform for free; landlords/property owners paid through guaranteed-rent leasing / occupancy-as-a-service arrangements and related financial products.
Differentiators
Technology
Customers
Competitors
Estimated revenue
100K-5M
Estimated monthly visits
63.5K
The Real Deal reported that REZI had run out of money and shut down; Sean Mitchell said capital dried up and rising interest rates made financing more expensive.
SourceThe Real Deal reported a foreclosure filing in which Leagem Properties blamed proptech startup REZI, alleging it had taken rents and contributed to a $49M loan default after the company had shuttered.
SourceThe Real Deal · Oct 2024
A later report said Leagem Properties blamed REZI for mishandled rents and a foreclosure filing tied to a $49M loan default.
The Real Deal · Apr 2024
The Real Deal reported that REZI shut down after running out of money; Mitchell said higher rates and capital constraints made continued scaling too expensive.
PRNewswire · Oct 2023
Goldman Sachs recognized Sean Mitchell as one of its Most Exceptional Entrepreneurs of 2023; the release also restated REZI's mission and product positioning.
PRNewswire · Feb 2023
REZI announced a $100M deal with SR Alternative Credit to create residential lease-backed securities backed by leases transacted on the REZI platform.
PRNewswire · Nov 2022
REZI announced $100M in debt funding from Stratos Credit to expand into existing and new markets.