Rezi, a New York based online rental platform is finally expanding to Miami. The platform works to lease vacant units from landlords. Besides Miami, the company is also planning to open more markets. In fact, they said they will be spending $75 million this year to lease vacant apartments.
The online rental platform chose Miami because of the surge in residential development. The condo market in South Florida has been one of the hottest in the entire country, making it a great market to launch a platform like Rezi. In addition, some of the landlord partners that the company developed in New York also own properties in South Florida. This will also make the transition easier.
The platform uses its technology to have better targeting on the market and renting units quickly. The company has leased more than 2000 units from New York landlords since it started out in 2015.
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