Zumper is the largest privately held rental platform in the U.S. used by more than 13 million renters a month.
<p><span class="legendSpanClass"><span class="xn-location"><strong>SAN FRANCISCO</strong> &#8212;</span></span> <u>Zumper</u>, a privately owned rental marketplace, is launching short-term rental listings. The company has also raised a $30 million Series D funding extension with a total of $178 million raised to date.</p>
<p>Work from anywhere has prompted a cultural shift in day-to-day life and is just one example of how the pandemic accelerated macro trends in alternative accommodation. Zumper found that ⅓ of users were interested in flexible rentals and data from Zumper&#8217;s 2021 survey of short-term rental users dictates that beyond the trendy use cases for short-term rentals, whether digital nomads or consumers with the unfettered means to travel and live a flexible lifestyle, short-term rentals are a means for a myriad of situational stays, such as a gap in housing, migratory work and even a stepping stone to building rental history, credit and more. The survey also revealed that 74 percent of users are booking 1-2 monthly rentals annually and 49 percent remain in one unit between two and six months. Short-term rentals are therefore not just an option for how people vacation, but how they live.</p>
<p>&#8220;Our brand is aspirational yet grounded,&#8221; said <span class="xn-person">Shalin Amin</span>, Chief Experience Officer of Zumper. &#8220;We&#8217;re not just for trendsetters and digital nomads but for those in-between leases or those trying to build a rental history. We&#8217;re a solution for many people looking for temporary housing in a growing workforce of migratory workers, like traveling nurses, construction crews, and disaster response teams. Our users play a critical role in making the communities and cities they relocate to thrive.&#8221;</p>
<p>In Zumper&#8217;s 2022 survey of monthly renters, 12.3 percent of respondents said they use short-term rentals for nomad life, while 35.2 percent said they use them to accommodate a temporary gap in housing, by far the most common use. Monthly renters also use them for work travel, as 21.3 percent said that was why they used short-term rentals. Think of a traveling nurse or someone whose job is location-specific but at multiple locations. Rounding out the use cases were people scouting locations before a move (19.4 percent) and students who didn&#8217;t want to commit for an entire year (8.1 percent).In Zumper&#8217;s 2021 survey*, almost 50 percent said they&#8217;re not sure where to even find monthly rentals, suggesting that there&#8217;s a need for a go-to platform that caters to these renters.</p>
<p>By expanding inventory to now offer short-term options, Zumper directly addresses renter pain points by giving consumers the flexibility to find their forever or for now residence. Zumper&#8217;s short-term listings can be booked at no additional fee to the guest, which is traditionally upwards of 15% or more on other short-term rental sites such as Airbnb. Conversely landlords can now opt to list their properties short-term to meet demand with the ability to advertise their short-term and monthly rentals in front of Zumper&#8217;s over <span class="xn-money">178M</span> annual visits.</p>
<p>&#8220;With the traditional short-term rental industry, fees are too high and consumers need to look at a multitude of different websites to find the right listing,&#8221; said Zumper co-founder and CEO Anthemos Georgiades. &#8220;We want to build the most comprehensive rental platform that enables our renters to easily find the best short-term, monthly or long-term rentals with a product designed for today&#8217;s far more flexible world.&#8221;</p>

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