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 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).
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.
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 fron