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The Real Deal Los Angeles

After rough year, RadPad finds buyer

Dallas-based LandlordStation bought firm for undisclosed price
January 16, 2017 09:30AM

Jonathan Eppers

Jonathan Eppers

Tenant-screening service LandlordStation has acquired Venice-based apartment listing service RadPad for an undisclosed figure, TechCrunch reported.

The deal follows a rough year for RadPad, which included layoffs and a legal dispute with Craigslist over data.

The company also had to shut down a popular promotion allowing users to pay their rents via Android Pay after too many people signed up. The cancellation of the promotion, which was active for just two weeks, angered many of the app’s users, who hit out on social media.

“This has been some of the most devastating 6-8 months of my life,” CEO Jonathan Eppers told TechCrunch.

As part of the deal, Eppers will resign from his role as CEO of the company but will remain on as an advisor. A few of the remaining RadPad employees will also join LandlordStation.

RadPad had approximately 500,000 active monthly users at the time of the Craiglist lawsuit and close to $1.8 million in annual revenue, Eppers told TechCrunch. The lawsuit has since been settled. [TechCrunch]