Renters Warehouse is thrilled to announce that for the eighth consecutive year, it has been named to the prestigious Inc. 5000 list of fastest-growing privately held companies in America.
This is Inc. Magazine's 36th annual list and it is said to be the most competitive crop in the list's history. The 2017 list shares a unique look at the most successful companies within the American economy's most dynamic segment-- its independent small and midsized businesses.
Already making the official Honor Roll after a five-time run, Renters Warehouse now ranks for its eighth time, coming in at #2188 on the list. It's an impressive feat as only a small fraction of businesses across the country have demonstrated such consistent high growth year-over-year.
On the heels of celebrating its 10th anniversary, the launch of its first book Rent Estate(tm) Revolution, and massive expansion across the country to over 42 markets in 25 states, it's been a monumental year for the property management empire. "This is remarkable and I am so proud of our committed, entrepreneurial and hard-working Renters Warehouse family across the nation," said Renters Warehouse CEO Kevin Ortner. "Looking back on the past ten years in business and knowing that we have been recognized for our continued growth by such a prestigious list for 8 out of ten of those years is incredibly rewarding."
With homeownership numbers steadily declining and rentership rising, Renters Warehouse's phenomenal growth can be attributed to its ability to successfully and rapidly expand its services across the country through flexible operations and hiring, and flat-rate pricing to reduce typical P&L variability. In the last year, Renters Warehouse added thousands of properties under management through strategic acquisitions, partnerships and takeovers that grew the company from one corporate location to 15 corporate locations (and counting) across the country.
Through acquisitions and franchise buybacks, corporate doors under management grew from 5,000 to 11,500, a growth of 130% and an increase in 230% of the total properties managed within the organization.
"Winning awards such as the Inc. 5000 put us in an excellent position when we're moving into new markets and recruiting Market Leaders and Rent Estate advisors," shared Ortner. "Such credibility like this allows us to attract top talent. People who want to be true thought leaders in this industry and part of a winning team and a winning culture. Without our award-winning team, recognizable growth of this level would not be possible and we remind ourselves of this every day."
The average company on the list achieved a mind-boggling three-year average growth of 481%. The Inc. 5000's aggregate revenue is $206 billion, and the companies on the list collectively generated 619,500 jobs over the past three years. The annual Inc. 5000 event honoring all the companies on the list will be held from October 10 through 12, 2017 at the JW Marriott Desert Springs Resort & Spa in Palm Desert, CA.
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