Dear inRento investors,
I am reaching out to you for the first time to share the story behind the inRento and why we decided to create it. My name is Gustas, I’m the founder of inRento and in order to understand the story of inRento, we have to delve into the story of EvoEstate.com - the largest European Real Estate crowdfunding aggregator, a company I have co-founded as well.
Together with my co-founder Audrius, we have decided to create EvoEstate back in 2018 for a few reasons. First and foremost, to enable people to invest across different platforms from a single account and provide all the investment features that other platforms lacked. However, behind these logical reasons, there is definitely a part that is somewhat emotional. One of the books that capture this reasoning is called “Start with Why” by S. Sinek (which I highly recommend reading to everyone) which explains why one should have “why” in any organisation. With Audrius our “why” was to encourage people to save money, invest it and invest it smartly, meaning having the possibility to diversify. So far, I believe we’ve executed at least one of our internal ways, but as we continued to build EvoEstate we have felt that there’s a lack of lower-risk real estate crowdfunding opportunities. In my purely personal opinion, buy-to-let crowdfunding or Rental properties offer a great risk-reward ratio.
Unfortunately, today there is a lack of providers on the European level of such deals, which made me wonder, why shouldn’t we create one. Fast forward several months, I’m publishing this article on Continental Europe’s first authorised and regulated buy to let crowdfunding platform, which on one side makes me feel contented and on the other excited about the upcoming challenges and experiences.
Our mission with inRento is to provide people carefully sourced buy-to-let investment opportunities across Europe in an accessible, secure and transparent way. At one time in their lives, every European has visualised the idea of owning rental property. We understand that acquiring a rental property takes years of work and patience in order to save up the large required capital, therefore we are creating the possibility to make it real with as little as 500 EUR.
Our goal is to start sourcing operations in Lithuania and within 18 months scale up our loan offerings on a pan-European scale. Within these 18 months, we are planning to offer investors to invest in deals from 3-4 countries.
We as a company are backed by institutional investors - Business Angels Fund 2. Besides myself being licenced Investment Advisor for MiFID2 regulation at Baltic Financial Advisors Association - BFAA, I’m taking on this journey with as well a licenced Investment advisor Deividas Urbanovičius, who has worked as a Financial Analyst and manager at trading firms and Vytautas Urbonas. Besides our core team, I’m grateful to have these advisors supporting us on our journey as well:
Arvydas Strumskis - Fund manager at Verslo Angelų Fondas, in the past member of the Board at Narbutas ir Ko UAB, Lietuvos Energija AB (Ignitis), and the real estate fund management company Lord LB Asset Management, UAB.
Juan Alonso-Villalobos - Former Co-CEO ING Direct France, CMO ING Nationale Nederlanden Spain; held Advisor’s and Partner’s roles in multiple asset management companies across Europe.