Rental real estate far from the big brands and 100% digital
Driven by the will to undertake as soon as he finished his studies, Simon Vandendriessche co-founded Incenteev in 2010, a Saas solution dedicated to optimizing sales and coaching commercial organizations in companies.
At the same time, his personal life led him to consider buying a main residence in Paris, without however succeeding in matching price, profitability and resale prospects.
It was finally a first rental investment project carried out as a couple seven years ago, which led him to an in-depth analysis of the market and its opportunities: search for properties, comparison of cities, what ideal mode of rental?
(Furnished, empty, long or short term), etc.
An objective at this stage, to set up a self-financed project with a low personal contribution, whose level of immediate return makes it possible to compensate for the monthly payments of the credit and the various charges.
Simon Vandendriessche then undertakes several transactions of this type, inspiring those close to him who seek his advice.
Faced with this enthusiasm and seeing the arrival of new players in turnkey rental real estate on the market, Simon Vandendriessche co-founded Shaka Invest in 2021. In this adventure, he joined forces with Nicolas Delelis, former director of information for BNP Paribas Personal Finance.
Shaka offers a turnkey and sustainable rental investment solution Shaka Invest
Integrate energy renovation into all rental property projects
For Simon Vandendriessche, the observation is clear.
Rental real estate players, such as proptech, most often offer to invest in very large French cities such as Paris, Lyon, Bordeaux, Marseille, Lille, whose already saturated markets and prices do not allow not to hope for a satisfactory level of profitability.
In addition, the agencies, for the most part, do not highlight the crucial issues around thermal sieves and energy renovation.
As a reminder, the reform of the energy performance diagnosis (DPE) and the energy renovation plan for buildings, reinforced by the Climate and Resilience law, will lead to the gradual ban on renting energy-intensive housing between 2023 and 2034 (DPE E, F and G).
In this context, Shaka Invest provides a response to investors who wish to mobilize few personal resources and obtain an almost immediate return.
For this, the startup targets small to medium-sized French towns and integrates an energy renovation plan into each project, with the objective of a minimum DPE D at the end of the work and C when possible.
Organic growth without fundraising
In 10 months, the Shaka Invest teams have set up 20 projects in Amiens (80), built on this model, for which the buyers have been supported from start to finish.
From the search for the property, through financing and rental management, the startup takes care of everything, thus allowing investors to access rental real estate in France, without even having to travel.
In the future, the startup wishes to continue to contribute to the energy renovation of part of the French housing stock, while raising awareness among the various players.
In 2022, Simon Vandendriessche also aims to expand his team and extend the "Shaka method" to other French cities.
Shaka Invest, however, wishes to continue to offer differentiating solutions, tailor-made support and remain a local player in the face of its competitors and real estate giants.
For this reason, the co-founders have chosen to favor gentle growth, without resorting to fundraising.