When we launched to the public on June 6, 2013, we were 7 people and about 2,000 brave landlords and curious tire-kickers who’d been testing our beta service. Today, Team Cozy is 24 people in Portland, Oregon, and 1 in Washington D.C.
About 60,000 property management companies and independent rental owners use Cozy as the backbone of their rental real estate businesses in more than 10,000 ZIP codes around the country. You can find Cozy-managed properties in every American city, suburb, college town, and a lot of places in between.
We process hundreds of millions of dollars annually. Revenue has grown 1,000% in the past year (and 210% in 2016), and 45% of Cozy renters signed up in 2016. It’s an exciting time for us. We feel like we’re just discovering what’s possible.
What’s our biggest accomplishment so far? Creating a market for something that simply wasn’t around 3 years ago. Until Cozy, a one-stop property management service for independent landlords and smaller property management companies didn’t exist. When we were getting started, our biggest competitors were paper, Microsoft Excel, Quickbooks, fax machines, and a bunch of broken, fragmented processes.
We’ve helped change the way renting works for thousands of people. In 3 short years, we’ve enabled people to grow their businesses around Cozy and live abroad while saving lives. We’re even seeing a growing number of global digital nomads using Cozy, which helps them live a life of freedom and enjoy passive income. It’s really cool to watch how people use Cozy, and we’re honored that so many of you are sharing your stories with us.
We’re still on the same mission to bring peace of mind to renters, property managers, and landlords everywhere. Here’s to the next 3 years, or 3 decades!