Property-leasing startup Ikos, which uses technology to connect landlords and renters, this week opened offices in Milwaukee and Chicago.
Pittsburgh-based Ikos, founded in 2015, is now located in eight cities, with six of those offices opening this year. Ikos charges landlords half of one month’s rent and offers non-exclusive contracts.
Ikos chose the new cities for strategic purposes, said co-founder Patrick Paul. Milwaukee presents a promising real estate market nearly identical to Pittsburgh’s, while Chicago presents the challenge of a large city with a traditional real estate investor market to test without immediately moving somewhere like San Francisco or New York City, Paul said.
“Thus far we’ve had really great reception in both cities,” he said. Read the full story here.