Entrepreneur Trever Faden Launches Property Management App Atlas Lane
By Aubrey Almanza
Property management startup, Atlas Lane, launched in its initial market of Washington, D.C. and Maryland this week.
Atlas Lane was founded by serial entrepreneur, Trever Faden, who felt compelled to improve the currently deficient state of property management after experiencing great difficulty hiring a manager for his own investment property. When no potential candidates met Faden’s criteria of catering to customer service and technology, he decided to take matters into his own hands.
Faden turned to technological innovation to fill the property management void. Atlas Lane simplifies the process of property management by serving as a single platform to secure leases, collect rent, manage tenants and provide repair and maintenance services.
The startup’s goal is to make life easier for both renters and rental property owners. With Atlas Lane, tenants no longer need to leave a string of emails, calls and voicemails to landlords drowning in maintenance requests. Instead, users can instantly receive support from one of the app’s live agents. The app even allows property owners and investors to monitor their expenses and can generate complete Schedule E tax forms.
Although Atlas Lane’s service appeals to property owners around the nation, Faden believes D.C. and Maryland are an ideal starting point, for 59% of all properties in the District are currently renter-occupied.
“As a builder of technology companies, I know the allure of picking up and moving to Silicon Valley, but quite simply, D.C. is the best market for property management in the country. Having the greatest percentage of renter-occupants as compared to all 50 states, means that D.C. is the ideal home for Atlas Lane and a great first market,” said Faden.
And Atlas Lane isn’t the only startup to recognize Washington, D.C.’s real estate potential. Fellow tech companies such as CoStar, UrbanTurf, MakeSpace and Fundrise have also emerged in the District and seek to reinvent the housing market.
Atlas Lane is currently accepting new customers. For more information on this progressive management platform, visit AtlasLane.com