At Ease Rentals

At Ease Rentals

Short-term rentals for military with guaranteed government reimbursement

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Security Type
Convertible Note
Categories
Service Businesses
Min Investment
$250
Location
Round Rock, TX
Offering Date
June 18, 2020
Expected Close Date
December 15, 2020
Target Raise
$120.00K-$500.00K
Deal Notes

Discount: 20%

Annualized Interest Rate: 6%

Maturity: 36 months

Company Description

Military families move on average every 2-3 years, through a process called permanent change of station (PCS). These moves are taxing and can be extremely stressful on the whole family. During reassignment, families often move into temporary housing upon leaving a duty station and arriving at a new one, until a more permanent residence becomes available. The burden is on the service member to locate a hotel or other short-term rental that qualifies for the allotted per diem and meets federal requirements for reimbursement. Because of government regulations, many short-term rental (STR) platforms are not approved for reimbursement, even if they are significantly cheaper than a hotel. Using unapproved booking companies can result in ineligibility for reimbursement and in some instances, even disciplinary action. This leaves families with limited options, many times having no choice but to stay in cramped hotel quarters for lengthy periods of time. At Ease Rentals is a solution to this problem, a one-stop shop for short-term rentals that are pre-approved for reimbursement when used by military and federal employees. With the At Ease platform, a family in transition can easily search homey, comfortable rental properties within their designated per diem allowance (calculated by the At Ease technology, based on certain profile information like rank, location, and reason for transfer). Before even booking, military and federal employees can have peace of mind that the rental is guaranteed to meet federal requirements, ensuring that the service member will be reimbursed appropriately without issue. At Ease Rentals is committed to making the process of moving as painless as possible for the approximately 450,000 military and federal employees assigned station transfers each year.

Perks

First 200 investors who invest $500 or more will receive: 'At Ease' Custom Challenge Coin
$1,000+ Engraved 50 cal bullet bottle opener
$2,000+ Custom canteen
$5,000+ Waive 1 year's listing fees for Host
$10,000+ Waive 1 year's listing fees for Host

Key Deal Facts

Designed with the specific needs of military and federal employees in mind
Built to ease the stress of moving, especially for military families who move every 2-3 years
The current pandemic does not affect the need for military permanent change of station (PCS)
No other short-term rental (STR) company caters exclusively to military and federal employees
Bookings through At Ease are guaranteed reimbursement from the government
Rental inventory tailored to the needs of families, not tourists
Extensive personal experience with the logistics of the PCS process
Established relationships within the Department of Defense
Committed to providing the most painless experience possible for military families

Use of Proceeds

  • Product Development: 30%
  • Marketing: 30%
  • Staff and Business Development: 30%  
  • Long-Term Product Maintenance: 10%

Management Team / Advisory Board Bios

Anthony Gantt - CEO
Anthony has over 20 years of honorable service in the Marine Corps. Throughout his time in service, he has had extensive leadership, operational, and logistical planning experience, leading teams of over 300 personnel. He has personally been through over 13 military moves, and holds a BS in Electrical Engineering from Florida Agricultural and Mechanical University.
Recipient of the Nau Future Texas Legend Marine Corps. Veteran Award from the Texas Business Hall of Fame
Graduate of the DivInc. Accelerator Program

Gregory Rollins - COO
Greg is a Marine Corps veteran with over 9 years of service as a Naval Aviator. He holds a Bachelor of Arts degree in Business Administration and has over 2 years of experience in vacation rental property management with his company, Righteous Rentals, with $2.4mm assets under management.

Mateo Bradford - DIRECTOR OF BUSINESS GROWTH
Mateo brings over three years of experience as a growth & development manager in the alternative accommodation industry. He has extensive experience selling RaaS (Revenue as a Service, Saas (Software as a Service), and PaaS (Platform as a Service) products.

Deal Notes

Discount: 20%

Annualized Interest Rate: 6%

Maturity: 36 months

Amount Raised : $165,450
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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