
Our Industry There are 20 million single family residences (SFRs) in the United States, more than 19 million of which are owned by 15.5 million “very small investors,” individuals or families who own one or two units. For these rental property owners, there is little in the way of data or technology to help them understand the market rental rates for their property, find and market to the highest quality prospective tenants, and manage the ongoing maintenance of their rental units with minimal headache. Pain points like these are why more than a third of all SFR owners turn to property managers for help.
Full-service property management for SFRs is a hyper-local and highly fragmented business. And just like the owners, property managers have little in the way of data, tools, and automated processes to enable them to scale and work smartly. Further, there is a misalignment of incentives between traditional property managers and the owners they represent – managers can promise a high rental rate to win the business, but do so without consequence if they secure a lower rate. They pitch fast leasing timeframes but have no skin in the game when vacancies stretch from weeks to months. Missteps on both of these fronts come at a high cost; they often are the difference between a homeowner making or losing money on their rental property each year.
Our Company Doorstead is here to address these pain points and more which have long been considered “unfixable” by property owners. Doorstead is a full-service, digitally-driven property management company that puts both the owner and tenant customers at the center of what they do. For owners, the company eliminates uncertainty by guaranteeing market rents and putting a cap on vacancy before they find a tenant. This upfront guarantee gives owners peace of mind while aligning incentives of the owner and manager. We invested early in building local data sets and machine learning models, leveraging tens of attributes for a given home to predict market-clearing rents that minimize vacancy while maximizing owner cash flow.
In 5 years of operations, we’ve booked $60M+ gross rents, indexed rental prices for over 10MM properties, and raised ~$38M from the investors who backed Redfin with participation from executives at Opendoor and Uber. We believe that without the smart, hard-working individuals that make up our winning team, we would not be where it is today. We have a once-in-a-lifetime opportunity to reimagine an entire industry and create the right way for today.
The Role We’re seeking an Operations Manager to lead the Trust & Safety function in our Operations org. Our Trust & Safety team ensures that Doorstead supports a safe living environment for our residents, protects the assets of our property owners, and aligns properties with federal, state and local housing regulations. The Operations Manager will manage an ongoing caseload of escalations, document standard operating procedures for responding to each scenario we encounter in a home, and provide a consistent feedback loop as a partner to other team leads in adjusting our processes so that we learn from every escalation. .
An effective leader will prioritize cross-functional initiatives, deliver data analysis on critical business insights, and responsibly manage a customer budget for settlements and concessions. Examples of focus areas could include implementing an incident response protocol, guiding the rollout of a new escalation management tool to the platform, or automating steps in the escalation management process. This role will work directly with our Community Operations team lead, Ops leadership, and Legal team, while partnering with functional leaders across Doorstead to make our business processes hyper-efficient and scalable.
The key directives of this role are to reduce the incidence and duration of escalations, resolve incidents fairly and amicably for our customers, and optimize team concession spend. To be successful you will need to maintain a roadmap that scales the team over our next 12-24 months of growth as we scale to new markets across the US. The right person will be excited by the challenge of team management and starting every week with direct ownership over a new initiative to improve a critical business function. This role is structured to give you unique and highly transferable experience as a decision maker in a high-responsibility function within a high-growth business.
This is a remote position, allowing employees to work from any location within the US with limited exceptions. The base pay range is $75K-$80K, with the addition of equity awards. Pay and equity may differ based on experience, performance, and location.
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