Invest in Doorvest

Doorvest is the modern platform to buy, manage & sell investment homes online.

Today, we’re raising $1M total with a unique opportunity to acquire and rollup 2-3 property management businesses to drive EBITDA growth, accelerate portfolio scale and increase our customer audience. As we have previously, we’re opening up a portion of this round for the community to participate.

Doorvest has raised over $20m in equity and $75m in debt and is backed by top-tier venture capitalists like Mucker Capital, M13 and founders and executives from Wealthfront, Opendoor, BiggerPockets and Invitation Homes. We've focused on scrappiness and operational discipline well before it became trendy. In this market - it's served us well and now we're looking to accelerate.

Since 2020, Doorvest helped customers purchase and manage over 500 doors.  Leveraging a centralized team, we’ve achieved best-in-class performance metrics - including a <3% delinquency rate, ticket resolution times of <24 Hours, and a Customer Satisfaction score of 95% over the last quarter. 

We believe the rollup strategy will provide immediate, medium-term and long-term value to the combined business for three reasons:

• Immediate EBITDA accretion: we are targeting established businesses with proven EBITDA and cash flows
• EBITDA expansion: we’ll reduce complexity and overhead through centralizing systems & operations as well as AI-enabling backend work
• LTV expansion: our differentiated advantage is our transactional business of home sales and mortgage brokerage.  By acquiring new homeowners through our rollup strategy, we’re acquiring an audience of real estate investors that are prime to purchase new investment properties and obtain financing (or refinancing) when timing is right

The Problem

• Affordability pressures & Golden Handcuffs: Rising interest rates have trapped many homeowners at pre‑pandemic low rates—homeowners are 18.1% less likely to sell for each percentage point their current rate undercuts market rates, effectively creating “golden handcuffs” that turn them into accidental landlords and amplify demand for professional property management (From FHFA via MySA) (mysanantonio.com)
• Operational complexity: Retail investors and small PMs juggle leasing, maintenance, tenant relations, and compliance across multiple platforms and manual processes
• Market fragmentation: 97% of SFR properties are owned by “mom & pop” investors, supported by ~230,000 independent PM firms—none with >1% market share—leading to inconsistent service and quality.

Our Solution

• Core Doorvest platform: seamless sourcing, financing, operations, and resale
• Add-on roll-up: acquire 2–3 established PM firms (placeholders below) to lock in ~10% ARR on gross rents
• Integration efficiencies: leverage AI & engineering to scale centralized management and reduce cost-per-door
• Help customers finance & build out their investment property portfolio

Market Opportunity

• Demographic Tailwinds: Millennials and first-time investors are entering SFR in greater numbers, seeking hands-off, tech-powered property management solutions.
• Massive & Growing Market: The SFR market has expanded 27% in the past decade, driven by long-term rental demand and a growing base of “forever renters”.
• AI-Driven Transformation: Advances in AI and machine learning are rapidly enhancing property management—from predictive maintenance and dynamic pricing to automated tenant communications—driving down costs and improving service quality across the industry.
• Seamless Growth: In 2024, investors made up 27.2% of single-family home purchases while 1.07 million new listings moved in just 38 days, creating a rapid buy/sell cycle that demands speed and simplicity. Doorvest’s integrated platform enables investors to buy, manage, sell, and refinance properties—all within one dashboard——minimizing friction, reducing costs, and enabling seamless portfolio rebalancing. Sources: CoreLogic & MarketWatch.

Acquisition Targets

We’re targeting businesses with 100 - 1000 doors under management, $200k+ EBITDA and a strong local presence in expansion markets.  Given our lucrative transactional business, we can set our sights on companies outside of the sweet spot of large PM rollups like HomeRiver Group, PURE, Evernest, etc.

Traction & Integration Playbook

Our operational and integration strength underpins rapid scale and margin expansion:

• Proven Model: Acquired and managed 500+ doors across five states with a centralized team, Doorvest achieved best in class management metrics
• Scalable Ops: Standardize on a unified platform to integrate new portfolios swiftly, targeting 150 doors per portfolio pod, well above the industry average of 50 doors.
• Process Automation & Product Roadmap: Implement AI-driven workflows for maintenance requests, tenant communications, dynamic pricing, and financial reporting—reducing manual overhead and improving response times.
• Phase 1: Comms, reminders, follow-ups
• Phase 2: Forecasting, analysis, metrics & cost savings
• Phase 3: Advanced Tenant & Owner experience
• Shared Services: Centralize accounting, customer support, and procurement to eliminate redundancies and capture cost synergies across the combined portfolio.
• Customer Loyalty & LTV Expansion: 30% of investors have purchased multiple homes; 86% plan to add more, demonstrating strong product-market fit and recurring growth potential.  By growing the portfolio through property management acquisitions, we increase our addressable repeat audience.
• Ancillary Offerings: Home services, insurance brokerage, renovations, and financing—capture additional revenue across the real estate investing lifecycle.
• Data & Insights: Use aggregated portfolio data to optimize pricing strategies, reduce vacancies, and inform strategic investment decisions.

Doorvest Founding Story

In 2014, Andrew and Justin were both working in tech while starting to explore options for long-term financial security. They turned to real estate — particularly single-family rental homes — a proven way to generate passive income and build long-term wealth. Working together, they passively built a portfolio of over a dozen homes in under 5 years.

Recognizing the challenges of getting started in real estate, Andrew and Justin wanted to lower the barrier to entry for first-time investors. Motivated to improve the overall experience, they created a full-service real estate investing platform to help others make their way towards financial independence. Doorvest was born.

Community Opportunity

Our mission is to advance financial security for all and we’re dedicated to offering unique investment opportunities - including into our roll up strategy.  Invest with a low minimum, take a front row seat on the next leg of this journey and support Doorvest on this quest to drive financial security through real estate ownership.