This Crystal City firm is an Airbnb for student housing - Technical.ly DC

Business

Jan. 5, 2018 9:46 am

This Crystal City firm is an Airbnb for student housing

4Stay founder Faridun Nazarov talks about the company's model for off-campus housing.
4Stay founders (L-R) Faridun Nazarov and Akobir Azamovich.

4Stay founders (L-R) Faridun Nazarov and Akobir Azamovich.

(Courtesy photo)

For those spending a bundle on student/intern housing, Crystal City, Va.–based 4Stay is employing an Airbnb model to help find cheaper, fully-furnished options.

“Dealing with rent, contracts, utilities, gas and Internet – it’s a nightmare,” 4Stay COO and cofounder Faridun Nazarov told Technical.ly DC. “We have created an Uber-like experience for students. All of our apartments are required to have furniture, Internet, with utilities included. They pay one fee and they don’t worry about everything else.”

Nazarov founded the company with high school friend Akobir Azamovich in 2016, and says the company will soon close on $1 million in seed funding. It was a natural choice for the pair, who moved from Tajikistan to the D.C. area in 2007 to attend school, but found inconvenient housing options. In 2010, they founded STP Housing Solutions, and subleased over 10,000 beds to students and interns in seven states. They required no credit checks, fully furnished rooms and little notice when the tenants wanted to move out.

4Stay takes a 10 percent commission from renters, who accept candidates based on a background check.

“Student life is already stressful,” Nazarov said. “It used to be you’d have to go search for a property management company that was available on a certain date, sign a contract, pay a huge amount of money on televisions and furniture. The process used to be long and costly and we want to be your one-stop-shop for student housing needs.”

-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Cabinet Health has been selected for the Techstars Anywhere accelerator program

Healthcare analytics startup Socially Determined closed a $11.1M Series A funding round

Halcyon welcomes 10 local entrepreneurs for its Opportunity Intensive program

SPONSORED

DC

How this software engineer’s career change has helped her make change in the world

Philadelphia, PA

Vistar Media

Software Engineer

Apply Now

Washington, DC

Nava

Infrastructure Engineer (DC, SF, NYC)

Apply Now

DC, SF, NY

Nava

Nava

Apply Now

Revolution’s next Rise of the Rest road trip is heading to 4 states in April

This month’s Startup Social event will include a pitch competition

VEDA Data Solutions closed a $5M Series A

SPONSORED

DC

Introducing ‘Off the Sidelines,’ a new podcast series about startup investing

Philadelphia

Urban Outfitters

Urban Outfitters: Jr. Motion Graphic Designer

Apply Now

Philadelphia

URBN

URBN: User Experience (UX) Designer

Apply Now

Washington, D.C.

The Washington Post

Professional Services Engineering Lead

Apply Now

Sign-up for daily news updates from Technical.ly Dc

Do NOT follow this link or you will be banned from the site!