Charlotte Angel Connection Episode 120: Jonathan Kite, CEO of Rent Ready

Charlotte Angel Connection

Today, we are fortunate to have Jonathan Kite join us on the podcast to talk with us about Rent Ready. Jonathan and the Rent Ready team (including co-founders Ryan McMillan and Will Brugh) completed a $10 million Series A in March 2021 - another great raise for a Charlotte based company. Jonathan grew up in Charlotte and attended the University of North Carolina at Chapel Hill. Jonathan started out leading the IT and marketing functions for Rent Ready to ensure their technology platform is constantly adapting to meet customer and Service Pro’s needs. He co-founded Rent Ready after a 6-year tenure at Microsoft working as a technical account manager, operations consultant, and program manager. Jonathan has a passion for technology and how it unlocks new potentials. Rent Ready is a rapidly growing services platform that uses technology to help coordinate the process of getting vacant apartment homes ready to rent (“turn”). Built to eliminate the frustration of typical apartment turns, Rent Ready utilizes a proprietary logistics platform to connect communities to skilled professionals. Rent Ready is transforming the apartment turn process. They are a B-to-B model and Jonathan explains their processes of what communities need to do to get a unit ready. They are in the process of releasing a mobile app. Rent Ready currently is in Charlotte, Raleigh and Atlanta and they have 35 employees. They just recently completed the Series A round and Jonathan discusses raising the capital and the importance of staying in touch with people who can add value and the network affect of building connections. We talk about the importance of keeping communication open with vendors and investment group. Jonathan also shares their success of a new service line they launched because of the pandemic which has scaled to a national level and how they capitalized on it. At the end of the podcast, we discuss the roles of the three Co-Founders at Rent Ready, the diverse mind set it brings to lead the team, and the vision and importance of future product development. William Bissett is the owner of and an Investment Advisor Representative of Portus Wealth Advisors, a Registered Investment Adviser. Registration does not imply a certain level of skill or training. Opinions expressed on this program do not necessarily reflect those of Portus Wealth Advisors. The topics discussed and opinions given are not intended to address the specific needs of any listener. Portus Wealth Advisors does not offer legal or tax advice, listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance. Investments described herein may be speculative and may involve a substantial risk of loss. Interests may be offered only to persons who qualify as accredited investors under applicable state and federal regulation or an eligible employee of the management company. There generally is no public market for the Interests. Prospective investors should particularly note that many factors affect performance, including changes in market conditions and interest rates, and other economic, political or financial developments. Past performance is not, and should not be construed as, indicative of future results.