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Matt Weirich

๐Ÿ‘ค Speaker
349 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

It makes it more affordable for smaller properties, but significantly more expensive for the larger properties.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

And

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

A lot of our clients are those larger 250 unit and larger buildings.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

And so to make it an efficient, easy to implement platform for them, we just charge a flat monthly fee per property.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

And there are upsell opportunities, additional functionality that they can pay for, services that they can opt in for, and things like that as well.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

And so what is that average price point per property?

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

So the average price point for Relink is right around that $325 per month.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

And that's unlimited live video tours, pre-recorded video tours, cloud storage integrations, all of that.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

Interesting.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

So you're not upselling this like number of floors or anything like that.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

It's really number of units.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

And is there any other utility-based upsell number of seats at the leasing agency or the multifamily owner?

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

So there's a functionality internally with being able to download the videos and some different integration points and things like that.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

Those are like feature based upsells.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

Are there any other utility based upsells like number of X?

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

No.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

So we, early on when we launched our company, we actually charged based on usage.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

And what we found very quickly was that the only result that drove was teams trying to minimize their usage.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

And as a SaaS platform, you want to maximize usage and ROI on it.