Integrating landlords, property managers, brokers and staff into one unified system where all parties can collaborate.
6 offices, 140 real estate agents, 8,000 clients per year — BostonPads and its affiliated companies have rented more apartments in the Greater Boston area than any other real estate team in Massachusetts for 16 consecutive years.
Padgea has purchased software Intellectual Property from BostonPads. Padgea has agreed to license this intellectual property back to BostonPads in a non-exclusive limited capacity. This is a related party transaction because BostonPads is owned by the two founders of Padgea, Yuan Huang Chairman & CEO, and Demetrios Sagpoglou, President & Director.
The proprietary apartment leasing software developed by the BostonPads management team represents approximately 25% of the entire database ecosystem that Padgea is creating.
As the thought and transaction leader in Boston real estate, our insight helps renters, buyers, and investors understand the market. With the area’s largest real-time real-estate database, we deliver a host of data points that shows not only where the Boston real estate market is today, but where it’s going. We are the most widely quoted and interviewed real estate platform in New England.
“…back in March 2020 before lockdown, Allston and Brighton had only 0.84% and 0.75% vacancy rates, respectively. That shot up to 7.57% and 4.45% over the next year…”
“Leaders in the marketplace will operate from a data-driven perspective rather than simply being a traditional real estate agent operating out of gut instincts or feelings.”
“…they’ve developed a whole suite of technologies to monitor web traffic, real time availability and vacancy rates so we can keep you well informed of marketplace nuances.”
“Nearly 7.2 percent of apartments in Boston were sitting vacant on Nov. 22,… That’s more than a five-fold increase over a year ago, when the vacancy rate sat at 1.32 percent.”
“In theory for certain apartments you could put down as little as moving in with one month’s rent to get in and that’s historically unheard of in Boston.”
“Boston Pads… published a series of infographics showing the average rent prices in 22 of the most sought after neighborhoods in the Greater Boston area.”
“The biggest reduction is in the moving costs. Landlords have been giving a free months rent. We’ve seen in some luxury buildings five months free if you sign a two-year lease.”
“In the past month, we’ve seen record web traffic. There’s an absolute burst of highly qualified candidates. About half of the landlords [are] paying the broker’s fee. That’s not going to last much longer.”
“The city’s real-time vacancy rate — the number of apartments unoccupied right now — is 8.91%, meaning that more than one in every 12 apartments in the city doesn’t have a renter.”
“The majority of landlords in Boston are smaller landlords who own a handful of units, versus larger publicly traded institutional landlords with global portfolios.”
“The fact of conflicting apartment data with improper rental values is even more acute. Many of the portals are simply too big nationally to be highly effective locally.”
“The amount of vacancies that we have due to this crisis in the cities is overwhelming… having more of an impact on the market than the eviction crisis that we’re seeing.”
Our senior management team brings exceptional experience in successfully developing and integrating specialized software for the BostonPads family of brokerages, providing leasing solutions for over 100,000 clients.
Over 20 years of real estate, finance, property management, and software/application development experience
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Over 15 years of real estate, operations /compliance experience, property management, marketing, zoning and development
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Over 20 years of real estate, SEO/website, software, property management, Landlord/Developer, real estate instructor, and public relations
View Bio30 years seasoned Business Advisor and Attorney with degrees from Harvard Law and MIT.
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While successfully creating the largest real estate leasing team in New England, we recognized and implemented innovative systems and software that helped with scalability, integrity and stability. Where real estate offices, landlords and property managers of all sizes have been relying on incomplete, inaccurate and disparate systems for managing and leasing inventory, we set out to create a complete solution.
Padgea is the first and only complete centralized apartment finding and leasing eco-system. One that works in every market. For any size operator. Ready to handle the always-changing demands of the apartment leasing business. It a revolutionary platform which brings new methods of approaching leasing that brings all parties together to fully optimize the process. Everyone benefits in numerous ways in which current thinking and software do not deliver.
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