Nomad

Nomad provides a platform for do-it-yourself landlords, primarily those with single-family rental properties, offering financial security through guaranteed rent payments. Founded in 2020 by PJ O'Neil and Matt Thelen, the company aims to reduce the financial uncertainty and risks for small-scale property investors. The core service ensures that property owners receive their rent on time each month, regardless of whether the tenant pays, backed by features like property protection up to $500,000.

The business model is designed as a flexible, "choose your own adventure" platform. Landlords can select from various service levels, from DIY tools for marketing and tenant screening to more comprehensive management support. Nomad generates revenue through platform fees and offers additional financial products like rent advances. The company utilizes technology, including an AI-powered co-pilot, to streamline the rental process, from listing syndication and applicant screening to maintenance coordination and digital lease execution. While Nomad provides the tools and financial products, it empowers landlords to remain in control, offering the option to use their own repair vendors or select from Nomad's network.

Keywords: guaranteed rent, property management platform, landlord financial services, DIY landlords, rental income certainty, tenant screening, lease management, property technology, residential real estate, investment property management, rent advance, landlord tools, single-family rentals, financial security for landlords, real estate fintech