Thomas Herd Thomas Herd | December 13, 2019 | The Latest
The forward-looking millennial real estate application Zumbly is about to launch in the mid-Atlantic. The new app presents itself with powerful new financial opportunities for first-time millenial home buyers and real estate investors.
Founded by entrepreneurial duo Jeb Carty and Joel Glenny, Zumbly’s search starts with how much money you want to make from your new home. Zumbly measures the long- and short-term income opportunities of every home in a given market and then weighs every home against one another by assigning a score (0–10) based on how much money each property can make on Airbnb or as a long-term investment property.
Net net, Zumbly's scoring system brings you the least expensive properties that offer the highest profit margins. Zumbly naturally educates the lay real-estate buyer on opportunities in their area and helps show them which segments or sub-sections of their city have the highest monthly potential.
According to co-founder and Philadelphia native Jeb Carty “When you take a user who knows nothing about real estate and arm them with these tools, they skip the learning curve and are empowered with the skills and the ability to find the best deals that only a seasoned investor was previously able to find”.
When asked how Zumbly was different than other consumer sites like Zillow, Carty responded “We wanted to be different. Millennials and Gen Z have wanted a new home buying experience for awhile now. Think of us as your mom. We educate you, nurture you, and help you find what's best for you. At Zumbly we pride ourselves on the difference we make in our users’ financial freedom and independence’’.
Carty, a former realtor and active real estate investor in the Philadelphia market, grew up just outside the city along with his brother Clay Carty, mother Barbara Carty, and father James Carty, also real estate investors. Eventually moving from the area to Los Angeles to pursue a career in real estate, Carty conceived the idea for Zumbly while searching for cash flow positive investment properties in the nearby Las Vegas area.
After a successful beta launch in the Los Angeles and Chicago markets in which the app registered over 11,000 users, it is now prepared to launch into new markets and will be hitting the mid-Atlantic, specifically Philadelphia, in December 2019. Zumbly plans to
expand nationally in 2020, as well as internationally in Australia.
For business inquiries or if you would like to learn more about Zumbly, please contact [email protected]
Photography by: Zumbly