Renter Inc - Rental References online
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We're looking for early stage seed investors to help us change the way landlords screen tenants.
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Renter Inc - Rental References online
- 1. We are changing the way landlords check rental references. Problem: The process of checking applicant’s rental references is manual and unreliable. Our Solution: A Software as a Service solution by which landlords check applicant’s rental references. Target Market: $260 Million per year. Why Now? Start-ups are starting to disturb the rental industry. We have a first-mover advantage.
- 2. Problem Landlords today suffer from bad tenants costing them billions of dollars annually in back rent, damages and evictions, not to mention the headaches. Problem $10.7 Billion $10.8 Million Nationwide Sacramento Source: U.S. Bureau of Census, 2000; California Administrative Office of the Courts; Joint Center for Housing Studies of Harvard University; Landlordology.com/cost-to-evict-a-tenant Evictions cost (annually) The current tools for screening applicants are not good enough!
- 3. Problem Currently checking an applicant’s rental references is a manual and unreliable process. Credit Reports are streamlined and available online Employment Verification is streamlined and available online Rental Reference verification is still manual and no online solution exists Problem
- 4. Problem Rental Reference checks are extremely valuable, but they are hard to obtain from previous landlords. Problem ● It’s a manual process of calling, faxing and/or emailing a previous landlord. ● On average it takes 2-7 days to receive a rental reference from the previous landlord. ● Most previous landlords are not willing to provide references due to the fear of being sued. ● There is no way to verify if the person who is giving a reference is the real previous landlord. ● Currently, there is no landlord reference database available. Because:
- 6. Solution Renter API Private Landlord Reference Databases Tenant Screening Software companies gain access to rental references instantly Landlords submit rental references on Renterinc.com Landlords search rental references on Renterinc.com Gathers rental references from multiple sources and makes them available to multiple partners and on renterinc.com
- 7. Solution 1-2 Product Screens 1-2 Product Screens Landlords legally share critical information with other landlords that is not available on a credit report. Sample Rental Reference
- 8. Solution Solutions to the current problems with rental references ● It’s a manual process of calling, faxing or emailing a previous landlord. ● On average takes 2-7 days to receive a rental reference from previous landlord. ● Most previous landlords are not willing to provide references due to fear of being sued. ● No way to verify if the person who’s giving a reference is truly a previous landlord. ● Rental references are requested and submitted online or through our api. ● Instant access to existing records, or 1-2 days when requesting reference through us. ● Landlords have peace of mind because everything they share is legal and fact based. ● All references are submitted by verified landlords or the property in question. Problem Solution
- 9. Market Rentals 43 Million 193,000 Nationwide Sacramento Source: U.S. Bureau of Census, Geographical Mobility: 2013 to 2014; Joint Center for Housing Studies of Harvard University 21,204 88,353 Target Market 24% that move annually $423,867 $260 million
- 10. Team Vitaliy Merkulov, Founder Eddie Lash, Co-Founder A.J. Guerrero, Marketing Director Landlord of multiple units, ten years of software development experience Former Onboarding Director for successful startup Outsourcely.com Former Marketing Director at Glassdoor.com since it’s launch in 2008. Oleg Posternatsky, Advisor Maxim Nalyotov, Software Engineer Debanil Majumdar, Software Engineer Founder of Outsourcely.com, expert at hiring, and working within a tight budget Highly skilled developer with four years of development experience Highly skilled developer with six years of development experience Oleg Kaganovich, Advisor Investor, chief evangelist, Landlord, founder of Wyndow.com Christopher Chediak, Attorney at Weintraub Tobin Convinced his law firm to give us $25,000 worth of Corporate Legal Services at deferred compensation.
- 11. Looking Forward Team Building Company Progress Jan 2017 Apr 2017 Aug 2017 Jan 2018 Marketing Campaigns Launch v2 Integrate Property Mngt. software Signup 10,000 Landlords Build API Raise first Round Partner with Databases Hire Marketing Director Signup 1000 Property Mngt. Get Seed Funding Hire Web Developers Focus on Sacramento while building an API and integrating with national databases and tenant screening companies
Hinweis der Redaktion
- Landlords today suffer from bad tenants costing them Billions of dollars annually, in back rent, damages and evictions not to mention the headache. Tenants are suffering also, because bad tenants couse the rent to go up in order for landlords to get a return on their investment. Currently, landlords use tools that are not made for the rental industry, but for a financial industry. Most landlords rely on credit reports, when screening their applicants. But you and I know that those only report the financial side of the applicant, that’s all. Some landlords take an extra step and try to contact the previous landlords to get a better picture about the applicant. But due to fear of being sued most landlords are not willing to share anything about their past tenants. It’s a shame, because who knows the person then the previous landlord? That’s why there is Renter >
- Landlords today suffer from bad tenants costing them Billions of dollars annually, in back rent, damages and evictions not to mention the headache. Tenants are suffering also, because bad tenants couse the rent to go up in order for landlords to get a return on their investment. Currently, landlords use tools that are not made for the rental industry, but for a financial industry. Most landlords rely on credit reports, when screening their applicants. But you and I know that those only report the financial side of the applicant, that’s all. Some landlords take an extra step and try to contact the previous landlords to get a better picture about the applicant. But due to fear of being sued most landlords are not willing to share anything about their past tenants. It’s a shame, because who knows the person then the previous landlord? That’s why there is Renter >
- Renterinc.com is a central database of tenant’s rental histories that are legally shared by previous landlords. Future landlords can simply search by name and see if there are any positive or negative reviews submitted. In our second version of the website, we will have access to over 55 million landlord references, and by March we’re planning to add 75 million more.
- Here is what’s inside the landlord references > Now this is a report that is very useful for a landlord, unlike the credit report. Landlord can get a better idea about the applicant. The reports are: fact based to prevent from discrimination have been verified by fair housing attorney are submitted by verified landlords
- Here is what’s inside the landlord references > Now this is a report that is very useful for a landlord, unlike the credit report. Landlord can get a better idea about the applicant. The reports are: fact based to prevent from discrimination have been verified by fair housing attorney are submitted by verified landlords
- Here is what’s inside the landlord references > Now this is a report that is very useful for a landlord, unlike the credit report. Landlord can get a better idea about the applicant. The reports are: fact based to prevent from discrimination have been verified by fair housing attorney are submitted by verified landlords
- I want to tell you about the market, It’s been estimated that there are 43 million renter occupied units nationwide. And 88,000 in the city of Sacramento alone. Based on the Census data, 24% move annually. And that’s our current target market for 2017. If landlords in sacramento check reports on 21,000 renters, that’s little over $400,000 revenue in Sacramento alone. But most tenants apply from 2-8 places at the same time.
- You might be thinking why are we the perfect team to reinvent how landlords share references about tenants? Our team consists of experienced landlords who know the pain that bad tenants bring. Most of the members have experience building startups. For example A.J. was a marketing director at Glassdoor since the launch in 2008. We have a team of experienced developers who are ready to work as long as it takes to build the best product. We also have two remarkable advisors one of who you might know.
- So now you know what we’re building, and why we’re building it. In the past year, we’ve launched our beta version of the website. We’re looking for $240,000 to go fast. We want to scale the team, and build integrations with other databases and property management software. And a big marketing push that will bring us to 10,000 users before the end of the year.
- We will change the way that landlords screen tenants. I promise you, Renter will become the norm. We have the team, there is a pain. We have a solution. We have a products and we have partners wanting to integrate with us. So if you’d like to take part in this revolution, and want to help us and bring order to rental industry. Come talk to me after. Thank you very much.
- We will change the way that landlords screen tenants. I promise you, Renter will become the norm. We have the team, there is a pain. We have a solution. We have a products and we have partners wanting to integrate with us. So if you’d like to take part in this revolution, and want to help us and bring order to rental industry. Come talk to me after. Thank you very much.