Havium, a Seattle startup that helps people invest in and own single-family rental properties, raised $550,000 in a recent funding round as it continues to evolve its offerings.
Since launching in 2016, and being profiled by GeekWire in 2022, Havium has become a full-service platform that handles all of the operational burden associated with single-family rental (SFR) ownership.
Havium launched a full cash management service that handles all payment responsibilities — such as mortgage, taxes, insurance, utilities, HOA dues, etc. — for each Havium property, to insulate clients from such obligations post-acquisition.
Havium was founded by CEO Jamie Nacht, his wife Cristin Nacht, and former CTO Arash Motamedi.
Jamie Nacht said Havium has helped clients acquire about $40 million in rental properties to date and currently manages $25 million under its full-service model.
The company earns revenue by taking a fee on each client transaction and by managing the ongoing operations of each property.
“We align directly with our clients — when they invest and their assets perform well, so do we,” Nacht said.
Havium operates in seven Pacific Northwest markets and expects to enter two or three new markets by the end of the year.
The startup has raised $590,000 to date, and the new round — funded entirely by angel investors — will fuel continued product development, backend infrastructure improvements, and geographic expansion, according to Nacht.
Read the full article here
