Second Homes and Vacation Rentals Converge with Paul Kromidas, Founder and CEO of Summer
Owning a summer home is a dream for many Americans. The annual costs of keeping a summer home, however, remains a significant hurdle for most. You could try to make your second home a vacation rental to subsidize the costs or even get a return on your investment, but that's a lot of work most are equipped to handle.
Paul Kromidas, CEO and Founder of Summer joins Tech Nest to discuss these topics and more. Summer is working to create a better path to ownership of vacation homes. Homes that owners can use when they want, and rent out the rest of the year. One unique concept Summer is bringing to market is a gradual ownership model—a totally unique offering in the vacation or second homes market.
Vacation rentals have been all the hubbub this year. Listen in to Paul as he'll shed light on where the industry is and where it has room to grow.
More about Paul and Summer
Summer is on a mission to open access to vacation homes by eliminating the headache and risk associated with buying. The company was founded in New York by Paul Kromidas and launched in 2022. To date, Summer has raised more than $30M in equity funding from investors including: QED, Viola Group, Lightspeed Venture Partners, 1Sharpe Ventures, as well as a number of strategic and angel investors.
As CEO and Founder of Summer, Paul Kromidas is a mission-driven entrepreneur pioneering an innovative approach to vacation home ownership. Bringing over a decade of experience in accelerating growth and scaling teams across the technology, real estate, finance and strategy sectors, Kromidas has a proven track record with industry leaders such as Airbnb, Deloitte, Alfred and Moody’s. With extensive experience in leadership at venture-backed businesses in the housing and hospitality industries, Kromidas founded and continues to build Summer with the mission to help American families achieve their long-term goals.