Nestio launches new service Funnel by Nestio for landlords

New service by Nestio looks to get landlords access to renter's financial info instantly

The idea of renting an apartment with the click of a button just got a little more real.

Residential listings startup Nestio — which provides real-time inventory management to big landlords — is rolling out an online leasing platform for renters, the company announced Wednesday.

Dubbed “Funnel by Nestio,” the mobile-first tool automates the application for prospective renters by giving them a link that they can use to plug in their bank information — and instantly give landlords access to pay stubs, tax forms and employer information that’s typically required to rent an apartment. The patent-pending software can shave hours (or days) off a laborious rental application process, said Nestio Co-Founder and CEO Caren Maio.

“It’s a fintech-powered way of transacting in a way that folks haven’t had before from a tech provider,” she said. “It’s like TurboTax or Rocket Mortgage for leasing.”

According to Maio, Nestio is currently rolling out a beta version of Funnel to select customers, and it plans to fully launch the online leasing platform in 2020. Right now, renters won’t use Funnel to make payments. “Not yet,” said Maio. “As we launch this and get the beta going, we’ll do more integrations.”

Founded in 2011, the New York-based startup began as a way to help landlords manage their apartments (instead of relying on spreadsheets and paper). In November, it added real-time marketing and leasing tools to its offerings.

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