Founders’ Fridays: Eddie Davis, For Rent Costa Rica
Hey Rachael here again! Today’s featured Friday founder is Eddie Davis from For Rent Costa Rica. I got the chance to sit down and talk to him about his rental website and the challenges of meshing business with technology.trevordiy.wordpress.com
Founder: Eddie Davis
Company Name: Apollo International Solutions, For Rent Costa Rica
RP: Tell me a little bit about your startup:
ED: It is a marketing platform for everything that can be rented in Costa Rica. Right now we have three categories of real estate rentals available. We hope to add equipment rentals eventually. Right now we offer vacation rentals, commercial rentals, which includes anything from office to warehouse to store fronts, and then long term residential so apartments and homes for rent. Those categories are broken down further. The idea is that somebody on the tenant or on the owner/manager side can use For Rent Costa Rica to connect to the other side. It’s flat fee based in monthly increments. Our goal is to produce as many tenant inquiries as we can for the owners, and on the flipside we try to give the tenant as many options as possible so they can find a property they really like.
RP: Where did you get the idea to start “For Rent Costa Rica”?
ED: I got involved in real estate in Costa Rica in 2003. I owned a brokerage and still own a property management company down there. It’s very clear that people in Costa Rica have a huge problem filling vacant properties. I have an interest in technology so I thought I could use technology to try and solve that problem for a lot of people.
RP: What has been one of the biggest challenges you have faced in the development of your business?
ED: Taking care of the technology itself is very challenging. I’m not a coder or a programmer, I’m a business guy. We are behind schedule in terms of how long I would like for this to take. Other than that I’m doing it all out of my own money, so starting a business and going to school and everything else I have going on is also financially challenging.
RP: What do you enjoy most about what you do?
ED: The thrill of the chase and the challenge. I would rather struggle at something like this than work for somebody else and make them wealthy. I learn constantly from the process, so it’s intellectually challenging. Also it’s a good excuse to travel to Costa Rica.
RP: How did you end up in Athens?
ED: I came back to Athens to do my full time MBA at Terry. I have been in business eight years, but I was a liberal arts guy, so I didn’t have any business knowledge besides what I taught myself on the job. I wanted the ability to build and run businesses on a larger scale.
RP: What is the most significant thing you have learned in the process of building your company that you didn’t know when you first started?
ED: You’ve gotta have someone really reliable handling the technology piece. All people who can design a website are not created equal and do not necessarily have any business sense. Choosing who does the work has turned out to be a lot more important than I thought.
RP: What is your biggest strength and how has it helped you in building For Rent Costa Rica?
ED: Stubbornness. I’m willing to grind until I get something that works. You never know what the obstacles are going to be until you get into it, so you have to be tenacious and ignore the doubters.
RP: What is your favorite thing to do when you are not working?
ED: Surfing. Here in Athens I like to go running, do yoga and do anything athletic to balance out sitting at the keyboard or in class.
RP: Is there anything else you would like our readers to know about For Rent Costa Rica?
ED: I’m always looking to network with like minded people. Reach me at email@example.com.