Zillow CEO Spencer Rascoff, founders Lloyd Frink and Rich Barton, and VP of Rentals (& former CEO of Rentjuice) David Vivero. :
Analyst believe rentals could contribute lightly to revenue in 2013 with a greater impact in 2014.
Graham continues to believe Zillow is attacking a large, nascent market with alacrity. Zillow hopes to bring ~1 million rental listings onto the platform by year-end, which would be ~1,000 additions per day for the rest of the year. Once this milestone is reached, management believes it can pursue monetization through several mechanisms.
Graham believes there is a “micro-TAM” of rental property manager marketing spend available for an online platform like Zillow’s that is greater than $500 million annually. In other updates, Graham believes Zillow’s broker relationships remain strong, an expanding real estate market is good for business, and the recently announced Google Now partnership could contribute meaningfully to visitor growth. Zillow operates a leading
network of real-estate sites with a clear mission to provide vital services to most of the real estate supply chain, including homeowners, buyers, sellers, renters, real estate agents, mortgage professionals, landlords, and property managers.
- Zillow Digs vs. Pinterest: Inside Zillow’s big bet to transform home improvement (geekwire.com)
- Zillow Partners With HGTV to Boost Listings (fool.com)
- Zillow introduces home remodeling service (bizjournals.com)