MagicDoor

MagicDoor, a Las Vegas-based company founded in 2023, is entering the prop-tech sector with an AI-native property management software platform. The company's genesis stems from its founder, Kasper Sogaard, a seasoned engineer with two decades of experience at major tech firms like Amazon and Microsoft, where he specialized in AI integration. Sogaard's venture into entrepreneurship was a direct result of the frustrations he encountered while managing his own growing portfolio of residential rental properties. He found existing solutions to be clunky, expensive, and lacking the automation capabilities he was accustomed to building.

The company has secured a total of $6.59 million in capital over two funding rounds to fuel its growth. An initial pre-seed round in late 2024 raised over $2 million from a mix of sources including Shadow Ventures, angel investors, prospective clients, and Sogaard's own bootstrapping. This was followed by a Series A round in mid-2025, bringing in an additional $4.59 million. This capital is being deployed to develop more features, as well as to accelerate sales, marketing, and customer onboarding efforts.

MagicDoor operates on a software-as-a-service (SaaS) model, generating revenue through a straightforward subscription fee. The company targets property managers and landlords, offering its comprehensive platform for a flat rate of $2.50 per unit per month, without additional charges for onboarding or minimum unit requirements. This all-in-one solution consolidates a wide array of property management functions into a single platform. Core functionalities include rent collection, tenant screening, maintenance request management, lease administration, and a complete accounting system for tracking payments and generating financial reports.

What distinguishes MagicDoor is its AI-native architecture, designed to automate and streamline traditionally labor-intensive tasks. The platform employs AI to generate optimized rental listings, manage the vacancy cycle, and provide data-driven insights. A key feature is its advanced communication hub, which centralizes interactions from apps, email, and text messages. This system also incorporates AI-powered translation, breaking down language barriers between managers and tenants, a pain point the founder personally experienced. By automating routine communications and workflows, the platform aims to increase productivity by up to 5X and reduce operational costs by up to 60%, allowing managers to focus on business growth and tenant relations.

Keywords: property management software, prop-tech, AI property management, landlord software, tenant screening, rent collection automation, maintenance management, real estate SaaS, Kasper Sogaard, Shadow Ventures, rental property accounting, tenant communication platform, lease administration, AI-native platform, real estate technology, residential property management, automated rental listings, property manager tools, Las Vegas tech