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Full-Time

Property Management Associate

Posted on 7/3/2024

Divvy Homes

Divvy Homes

51-200 employees

Facilitates rent-to-own homeownership solutions

Consulting
Real Estate

Compensation Overview

$76.6k - $86.6kAnnually

+ Equity

Mid

Remote in USA

Category
Real Estate
Real Estate Property Management
Required Skills
Communications
Management
Requirements
  • 2+ years of property management, payment operations, or similar experience
  • Experience working in PropTech or high-growth, high-stakes environments
  • Prior experience working closely with HOAs or property management companies (preferred)
  • Excellent communication, interpersonal, and analytical skills
  • Strong organizational and problem-solving skills
  • High attention to detail and ability to multitask
  • Experienced at building strong working relationships and cross-functional collaboration
Responsibilities
  • Own the completion of rental registrations, oversight of property taxes, and processing of HOA violations
  • Build and manage relationships with municipalities, utility companies, and inspectors
  • Help to build processes, procedures, and policies that expedite violation processing and reduce lien risk
  • Process utility activations, deactivations, and bill pay with urgency and accuracy
  • Willing to adapt and expand your duties and responsibilities as the role evolves over time
  • Respond to all inquiries with professionalism, empathy, and urgency
  • Act as the key business stakeholder for product builds within our proprietary property management software
  • Identify any inefficiencies and optimize technology including working with Product and Engineering to increase productivity

Divvy Homes provides a rent-to-own model that helps individuals and families achieve homeownership. The process begins with clients applying for approval, after which they can select a home from Divvy's listings. Divvy purchases the chosen home and rents it to the client, with a portion of the monthly rent contributing to a future down payment. This allows clients to live in the home while saving for its purchase. Unlike traditional mortgage routes, Divvy offers a more flexible approach, making homeownership accessible to those who may not qualify for a mortgage right away. The company shares home maintenance responsibilities with tenants, handling major repairs while tenants manage everyday upkeep. When clients are ready to buy, they can use their accumulated savings for the down payment and closing costs. If they choose not to purchase, they can walk away with their savings, minus a fee. Divvy Homes aims to create a pathway to homeownership that is client-focused and adaptable.

Company Stage

Series D

Total Funding

$1.2B

Headquarters

San Francisco, California

Founded

2017

Growth & Insights
Headcount

6 month growth

-9%

1 year growth

-33%

2 year growth

-56%
Simplify Jobs

Simplify's Take

What believers are saying

  • The launch of DivvyUp demonstrates the company's commitment to preparing clients for homeownership, potentially increasing client success rates.
  • Recognition in the 2023 Best of Proptech Awards highlights Divvy's innovation and leadership in alternative financing.
  • Divvy's significant funding, including a $200 million Series D round, provides a strong financial foundation for future growth and expansion.

What critics are saying

  • Multiple rounds of layoffs, including a recent cut of 94 employees, indicate potential financial instability and operational challenges.
  • High-profile investors like Tiger Global and SoftBank may exert pressure for rapid growth, leading to strategic missteps.

What makes Divvy Homes unique

  • Divvy Homes offers a unique rent-to-own model that allows clients to build a down payment while living in the home, unlike traditional mortgage models.
  • The company's focus on major U.S. markets like Phoenix, Orlando, and Atlanta provides targeted opportunities for homeownership in high-demand areas.
  • Divvy's shared responsibility model for home maintenance ensures that tenants are not overburdened with repair costs, setting it apart from other rent-to-own schemes.

Benefits

100% remote first culture

Flexible PTO

Monthly mental health day

Generous leave policies

Company-sponsored Modern Health coaching & therapy sessions

Equity

Paid medical benefits

401k match & access to a financial planner

Professional development stipend

Remote workspace allowance

Monthly co-working space stipend

Paid parental leave

INACTIVE