If you have ever studied abroad, you have most certainly been faced with this problem: Finding an apartment. Study abroad by American students has more than doubled in the past 15 years. And what happens? Affordable apartments abroad are getting harder and harder to get.
Our startup of the week wants to do something with this problem by offering a wide selection of apartments in big cities such as Barcelona, London and Paris to affordable prices. Sounds good, right? We are pleased to bring you SOTW #17: Study Abroad Apartments.
1. In just one sentence, what is your company offering?
Study Abroad Apartments is a platform that acts a marketplace intermediary between students and internationally based landlords facilitating an easy and transparent apartment selection process.
2. Briefly, what makes you unique / different / special?
The student accommodation industry is an exponentially growing market domestically and internationally. As the student housing market demand increases, affordable apartment availability is becoming problematic. Our mission is to offer students or program’s a wide selection of apartments based on their personal preferences such as budget, location, and amenities. With little resources out there to guide students in such a complex industry, we are circumventing this problem by providing a wide selection of apartments with high quality customer service.
3. What is the one thing you love the most about running a startup?
Even though the 9-5 workday simply does not exists in startup world I love the hustle and grind to building a simple idea. Every day there is always something new to solve. Problem solving is one of the best parts to running a business because there is always a solution…it’s just a matter of which solution is the best!
4. What is the hardest or most surprising part of running a startup?
There is a saying “everything takes twice as long and costs twice as much” in business. Becoming a global real estate technology platform with the right apartments for students at affordable prices is definitely the hardest part to the business. To overcome this issue, last year International Vice President Eduardo Navarrete joined our team who manages our International Expansion from our Barcelona office.
5. Do you have any success stories (big or small) you would like to share?
We were ranked #15 in America’s top college startups last year, which was awesome! In the past year we have opened an office in Barcelona with a customer support management team and our headquarters in New York City operating sales and marketing.
6. How, if in any way, has Foundersuite helped your company?
Like many other business owners I have been using Google Docs or excel to manage investor tracking. It’s a no brainer to manage investor tracking with a developed system like Foundersuite which I have been using and it’s been extremely useful thus far.
7. Finally, what is your best tip, hack, or piece of advice for entrepreneurs?
If your going to run a startup or try to build your own business you need to be swimming in the “deep end of the pool”. Be mentally prepared for failure while learning from that mistake to better yourself and the company.