Shutdown
Apr 2024The 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.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
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
New York, NY
San Francisco, CA
St. Louis, MO
Business model
B2B2C marketplace
guaranteed-rent leasing
occupancy-as-a-service
lease financing / securitization
property management and leasing services
Funding
People & investors
Leadership
Co-Founder, Chairman & CEO
Co-Founder & President
Co-Founder & CTO
Chief Research & Analytics Officer
Chief Revenue Officer
Work & culture
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.
Product & market
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
- —guaranteed monthly rent for landlords
- —up to 12 months of rent paid upfront
- —AI/ML-driven leasing and screening
- —pre-screened listings
- —contactless tours
- —automated application decisions
- —no-fee renter experience
Technology
Java
JavaScript
Python
R
SQL
Twitter Bootstrap
JIRA
Airtable
Figma
Salesforce
Customers
landlords
property owners
renters
tenants
multifamily property owners
Dantes Community Partners
Jonathan Rose Companies
Rastegar Property Company
ZD Jasper
Century Group Development
Competitors
Rental Beast
Spotahome
HousingAnywhere
June Homes
OpenRent
Rentberry
Movebubble
Cozy
Scale & contact
Estimated revenue
100K-5M
Estimated monthly visits
63.5K
Signals & risks
Other
Oct 2024The 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.
SourceLatest news
The 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.
Jobs and careers at REZI
2 jobs at REZI
UGC Creator
Remote
Growth
Remote
4mo ago
Remote
Full-time
Product Designer
On-site
Development
Rezi HQ
3y ago
On-site
Full-time