Catching up with Lab Ventures: Beycome in the house and why PropTech is a 'Buyer's Market'

By Nancy Dahlberg

Beycome, a Miami proptech startup, is the newest member of LAB Miami Ventures’ Startup Studio. It’s also the first startup member that LAB Ventures did not build from the ground up.

Tigre Wenrich

Part of The LAB Miami in Wynwood, LAB Miami Ventures is a venture builder and funder that created five other tech startups, three of them in the real estate space: Lumi, RentCaddy and Expetitle. About a year ago, Lab Ventures pivoted to focus entirely on disruptive technologies in real estate and construction and the team had been looking for outside companies to work with as well as creating their own. Tigre Wenrich, LAB’s CEO, said until Beycome came along, they hadn’t found the combination of a visionary entrepreneur with a great idea who wanted help in areas where LAB Ventures can add value.

Nicolas Jodin

Beycome, founded by Nicolas Jodin and Herve Barbera, is a flat-fee (currently $99) MLS listing service that is disrupting residential real estate by helping people buy or sell homes without needing a real estate agent.  It basically empowers sellers to be their own DIY agent, saving tens of thousands in commissions.

This is nothing like the troubled old-school For Sale by Owner process. Owners still handle the showings themselves but “we give you the tools — flyers, yard signs, postcards and videos — to promote your property,” said Jodin, CEO of Beycome who is a native of France. “On top of that, we developed a solution to receive an offer directly online. The website will generate a contract, skipping the middle man…  We created a solution that is very, very simple.”

It’s working. Jodin said Beycome has closed 4,000 properties and has helped sellers save close to $50 million in commissions.

“From step 1 to closing, we follow you online to close your deal,” said Jodin, adding that services are available for those leasing properties, too.

Read more at Refresh Miami..

Related News

Get great curated articles every week.

Sign up for The Bulletin– our real estate and startup focused company newsletter.
No spam!