Nov 12, 2020
Summary: In this episode The Propcast talks
to Paraag Sarva, founder of Rhino about housing affordability and
the power of choice.
The Propcast by Louisa Dickins, Co-Founder of LMRE the leading
Global PropTech recruiter brought to you in partnership with UK
PropTech Association, The UK PropTech Association is a membership
organisation to drive the digital transformation of the property
industry. This show will focus on connecting the Proptechs, real
estate funds and VC’s globally…and get everyone talking about
innovation of the build to rent environment.
About Our Host
Louisa Dickins
Louisa started her career in property working at a well-known
estate agency in London. Realising her people skills, she moved
over to Lloyd May to pursue a career in recruitment. She now is a
Director at LMRE, who are a specialist recruitment firm driven by
PropTech and recruitment professionals, and Louisa oversees their 5
core areas. Louisa co-founded LMRE and provides a constructive
recruitment platform to the new disruptors in real estate. Louisa
is also on the board of Directors at UK PropTech Association
(UKPA).
About LMRE
LMRE believe there is a better way to recruit. LMRE focus on a
more comprehensive, client led focus delivering exceptional talent
to the right place at the right time. They are passionate about the
industry and passionate about people's careers. LMRE spend time
with each client to become and an extension of the business, and
their transparency and core values help them grow with the sector.
LMRE simplify recruitment and innovate with our clients and evolve
the people driven, PropTech community.
About Our Guest
Paraag is the CEO and co-founder of Rhino, a builder of
products and services that gives renters a more affordable way to
live in the homes they want. Since its founding in 2016, Rhino has
made it a mission to replace cash security deposits with low cost
affordable insurance. The product is now offered in over 1 million
homes across the US, Rhino offers hundreds of thousands of renters
a choice to eliminate high upfront security deposits with a low
cost insurance. Before co-founding Rhino, Paraag lead a property
management and development company with over $100 million worth of
assets, and in that time learnt firsthand the pain points he’d go
on to address for the creation of Rhino. He also served as City
Hall policy advisor and aided in administration of the New York
City Mayor, Michael Bloomsburg. He has also worked in investment
banking at Goldman Sachs, and graduated from New York University
have a bachelor's and master's degree in economics.
Resources mentioned
LMRE website www.lmre.co.uk
UKPA website www.ukpa.com
Rhino website www.sayrhino.com
Insights From This Episode
- I have a strong profit motive and want to build a successful business, but at the same time, I want to help people and I don't feel the only two ways you can do that – Paraag Sarva
- What we do is make renting much more financially affordable for people at the time of move in – Paraag Sarva
- Our goal is really thinking about the service and the products we provide as creating a new option for a resident, for a renter that never existed before – Paraag Sarva
- (COVID 19) is not a one size fits all problem and it's not a one size fits all remedy – Paraag Sarva
- It doesn't matter where you live or how much money you make, you are feeling COVID and some economic uncertainty very much, and giving people a different way of essentially reclaiming a whole bunch of cash that they otherwise would just have to put into these escrow accounts with landlords is really meaningful – Paraag Sarva
- What we've come to learn is that focusing on the resident is really Numero Uno. And it's also number 2, 3, 4, and 5… and the importance of financial amenities what we offer is now so front and centre – Paraag Sarva
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