Eric Wu and friends thought there had to be a better way for college students to find apartments and rental homes via the Web.
Jon Lange, director of sales and a friend of Wu’s since seventh grade, said they started the company because of the frustration they experienced moving every year in college.
The company signs up apartment complexes and other landlords to list their properties on its Web site. Students register on the site and do their own apartment shopping.
LiveByCampus pays students $100 when they notify it that they have moved into a listed property. Complexes and landlords pay LiveByCampus $195 for each apartment or house rented through the site.
The startup’s growth plans remain ambitious. It plans to expand into other Southwestern states and then go nationwide.
Next year, it plans to partner with a real estate brokerage so it can serve students wanting to buy housing near the campuses.
Photo by LiveByCampus.