Property Management Software Stack

Field Complete is a free app for local home service contractors (plumbers, electricians, etc.) that evolves into their financial platform over time. The company targets contractors serving the growing property management market for rental properties.

Key Points:

• Core Product:

  • Free software for contractors to run their business
  • Currently has 200 active contractors out of 500 total signups
  • Processed $5.7M in GMV year-to-date
  • On track for $10M GMV this year

• Revenue Model:

  • Currently takes 1.26% of transactions through merchant services
  • Planning to expand to ~10% through additional financial services
  • Current revenue ~$42k YTD, projecting $100k+ by year end
  • Future revenue streams:
    • Banking solutions (~2% additional take rate)
    • Early invoice settlement
    • Property manager integrations

• Market Opportunity:

  • 35%+ of US homes are rental properties
  • Growth driven by:
    • Wall Street buying foreclosed homes since 2008
    • Short-term rental/Airbnb growth
    • Millennial rental preferences
  • Properties require professional maintenance through property managers

• Growth Strategy:

  • Organic user acquisition through subcontractor network effects
  • 3-4 new companies signing up daily without paid marketing
  • Planning property manager integration to expand contractor network
  • Building job sharing features to increase platform usage

• Current Status:

  • Raised pre-seed previously
  • Team of 18 people
  • $60-70k monthly burn rate
  • Raising $2.5M seed round for:
    • Banking integration
    • Property manager pilot
    • Support team expansion