Our Q&A series is an opportunity for our European team, headed up by Dilan Omari-Clark to discuss all things PropTech, Start-ups, and Career with different founders from across the continent. Each week we will ask PropTech innovators burning questions and quiz them about their product, we hope you find it insightful and enjoy getting to know the founders as much as we have.
Masteos was created in 2019 to reinvent access to the property. The basic idea of Masteos is to put the buyer – the real risk bearer – at the center of the real estate equation.
From finding a property to renting it, including works and furnishing, all via an app, Masteos wants to revolutionize the investor’s experience in rental real estate.
Rental investment is not just a financial reality. This is a sector that engages their environmental responsibility, by applying an ecological process on construction sites, and social, by respecting the housing conditions of tenants.
The property is precious.
I started my career in global law firms within the real estate practice in Hong Kong and Paris. I then switched to finance in London and went back to Paris to start investing in real estate for myself. Every step of the investment process was a nightmare, everything was medieval. That’s when the idea of launching a PropTech start-up (Masteos) took shape.
I wanted to do a profitable rental investment. I went to the real estate agency at the corner of my street to ask them about the highest risk-adjusted yielding zones in France. They had no rental market data whatsoever and only proceeded to show me a few rental properties, on which they had a selling mandate within our district.
Limited choice, limited area coverage, no data. No help beyond making me visit the buy-to-let property. What about the tax, loan brokerage, legal, notarial, renovation, furnishing, tenant placement, rental management, accounting? What about investing in another city? Would they help me on those steps considering the fees they’re charging? You bet they wouldn’t.
You have two words that make up “PropTech”. The “Tech” part isn’t easy, but it’s straight forward. The “Prop” part (= property) is about field operations. Properties are tangible assets, that are handled by real people on the ground. Tech is virtual, real estate is “real”. The main challenge in the PropTech industry is to connect those two foreign worlds together. Handling “bits” and “bricks”.
Masteos aim to become the leader of the European rental investment market and fully digitize the investment process on a single app.
Don’t under-estimate the complexity of the operational part. Proptech is not just about “tech”, it’s also about “prop”, which is the physical part of the business.
Blockchain, shared/fragmented ownership, access to rental investment funding, cross-border rental investment banking, yield guarantee.
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