After a few years of tackling the Boston startup market, the apartment rental platform SplitSpot made a new home in DC.

The platform, which allows potential individual tenants to virtually find new accommodation in shared or group accommodation, prides itself on offering flexibility in finding an apartment. Tenants can choose four-month rental cycles, as well as the ability to transfer units as needed, low up-front costs, and the ability to split rent and utilities through SplitSpot. The company also takes care of finding tenants, integrating and managing tenants with landlords. Along with DC, SplitSpot is also settling in New York.

Co-founder Ernesto Gaxha told Technical.ly he came up with the idea for the business as a result of his own struggles as a tenant in Boston after graduating from graduate school at MIT.

“I always thought this was the biggest challenge I’ve ever faced and one that doesn’t have an easy fix or a company trying to solve it,” Gaxha said. “So I thought if I had to start a business, this is the business to start. “

SplitSpot, he said, offers a smoother process in finding apartments. Individual tenants can log into the site, take 3D virtual tours and submit a request. Applicants will be approved or rejected within 48 hours, and they will then be matched with roommates. Then, SplitSpot takes care of making the presentations. Gaxha described the process as being quite similar to booking a hotel. He currently has listings in neighborhoods in the Northwest including Brookland, Eckington, Carver / Langston, as well as properties in Alexandria, Virginia.

The three-year, 30-person company is also working on building its website and potentially adding features like video apps and building roommate connections using surveys and feedback. algorithms.

SplitSpot co-founder Ernesto Gaxha. (Courtesy photo)

With the expansion to DC, he enters a city where rentals are required, Given the the high cost of living and frequent renewal of transplants.

“I think a lot of people would rather live in a studio or a bedroom and have their own space, but it’s just not really economically feasible for most young people and living with roommates is the obvious solution,” said Gaxha. “You know, the difficulty with [finding roommates] is one of its downsides, but we do a good job of making the processes simple and as easy as possible.

The stakes in finding the perfect place are also higher than ever, with so many people turning their homes into offices as well. Gaxha said finding a perfect space is a lot more personal, and the dynamic of roommates matters more, given the amount of time people spend at home. But, people can get stuck in long-term leases in hard-to-work situations, he added. To address this issue, he said, SplitSpot offers mediation services or the ability to transfer to another property if needed.

“People are really looking for flexibility in these uncertain times, because who knows where you might be or what situation you’ll even be in six months from now? Said Gaxha. “So the idea of ​​committing to one place for so long or having all this inflexibility and getting all these upfront payments, especially in a time of economic uncertainty like this, it’s really hard.”

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