Who are you?
Radim Rezek, 31 years old entrepreneur who founded his first real estate company when studying the first year at university.
What does it say on your business card?
Nothing :-) I have replaced the business cards with the LinkedIn profile. I am CEO and co-founder of Flatio.
What is Flatio?
Flatio is an affordable monthly lettings platform with a deposit free listings in 60+ cities around the world.
How do you help landlords and property investors?
We help them effectively monetize their property by significantly reducing time and financial costs of rent management and achieving higher income than in the long-term rental market. We make the renting hassle-free thanks to technologies. Flatio brings the advantages of higher income to suburbs and smaller cities that are not so interesting for tourists because we deliver rather young professionals, students, remote workers, digital nomads or people from local communities as tenants.
What services do you provide?
Advertising their property on the mid-term market for free, virtual tours of their property, online signing of the lease agreement, tenants management, monitoring the timely payment of rentals, automated messages to tenants and our support for landlords.
Does Flatio benefit tenants, too?
Yes, a lot! With deposit free flats, virtual tours, fair and final prices, support during the whole stay, secure move-in and many others.
What is your greatest achievement in your current role and what made it so special?
I think it is the moment when we achieved the market fit and started to grow and expand. This happened a few years ago, but that was the moment when I realized we will change the rental market.
What is the most satisfying part of your job?
When we get a 5-star review form our clients.
What do you see as the biggest challenge facing landlords at the moment?
Changes in tenants behaviour due to the pandemic and covid restrictions that will affect the rental market for several next years and maybe forever. Everything will be more digital and online, tenants will be less willing to make long commitments and work will become a more integrated part of personal life.
What is your property prediction for the remainder of 2020?
The short term rentals business will keep struggling with the lack of tourists and the rise of mid-term rentals by remote workers who would like to work in a better environment will continue.