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EZ Lease Preliminary Survey Data (as of 9/17/11)
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My Report
Last Modified: 09/18/2011
1. Hello, we are conducting a market survey of those who lease and/or rent properties and would appreciate your feedback. Please select one that applies to you below:
# Answer Response %
1 Are you a tenant?
31 61%
2 Are you a landlord?
13 25%
3 Are you BOTH? 7 14%
Total 51 100%
Statistic Value
Min Value 1
Max Value 3
Mean 1.53
Variance 0.53
Standard Deviation 0.73
Total Responses 51
2. As a landlord, How many rental units do you own? (select from dropdown menu)
# Answer Response %
1Select from dropdown menu:
0 0%
2 1 11 58%
3 2 3 16%
4 3 1 5%
5 4 0 0%
6 5 1 5%
7 6 1 5%
8 7 0 0%
9 8 1 5%
10 9 0 0%
11 10 0 0%
12 More than 10 1 5%
Total 19 100%
Statistic Value
Min Value 2
Max Value 12
Mean 3.63
Variance 8.13
Standard Deviation 2.85
Total Responses 19
3. As a landlord, do you manage your properties yourself or do you have help?
# Answer Response %
1 On my own. 15 75%
2 Use a property manager.
5 25%
3 Use of a realty professional.
0 0%
Total 20 100%
Statistic Value
Min Value 1
Max Value 2
Mean 1.25
Variance 0.20
Standard Deviation 0.44
Total Responses 20
4. If you do NOT use a property manager, why not?
# Answer Response %
1 Reason 1: 15 100%
2 Reason 2: 3 20%
3 Reason 3: 1 7%
4 Reason 4: 0 0%
Reason 1: Reason 2: Reason 3: Reason 4:
Not that difficult to manage one property
cost
Cost
Price
cost
Simple set-up no need for manager
Expensive
Cost/Value
inability to solve complex problems not worth cost
Too expensive
Too expensiveUse one on-site person for day to day
Don't manage the property as well as we do
cost
Cost - high percentage of rent payment
Ease of getting it rented for free - Craigslist
Cost I can manage it myself
charge a high fee
Statistic Value
Min Value 1
Max Value 3
Total Responses 15
5. If you have help, please indicate if it is a property management company or real estate professional. (check all that apply)
# Answer Response %
1Property Management Company
5 100%
2 Real Estate Professional
1 20%
3
Please enter name(s) of company/group (separated by commas):
1 20%
Please enter name(s) of company/group (separated by commas):
triumph
Statistic Value
Min Value 1
Max Value 3
Total Responses 5
6. If you use a management company/professional, how long have you used them for? (select from dropdown menu)
# Answer Response %
1Select from dropdown menu:
0 0%
2 1 year. 0 0%
3 2 years. 1 20%
4 3 years. 3 60%
5 4 years. 0 0%
6 5 years. 0 0%
7 More than 5 years.
1 20%
Total 5 100%
Statistic Value
Min Value 3
Max Value 7
Mean 4.40
Variance 2.30
Standard Deviation 1.52
Total Responses 5
7. How many successful rentals have they closed for you? (select from dropdown menu)
# Answer Response %
1Select from dropdown menu:
0 0%
2 1 time. 2 40%
3 2 times. 1 20%
4 3 times. 1 20%
5 4 times. 0 0%
6 5 times. 0 0%
7 More than 5 times.
1 20%
Total 5 100%
Statistic Value
Min Value 2
Max Value 7
Mean 3.60
Variance 4.30
Standard Deviation 2.07
Total Responses 5
8. When using an external company, how do you rank the value of the services they provide (with "1" being MOST IMPORTANT and "5" being LEAST IMPORTANT).
# Question 1 2 3 4 5 Responses
Mean
1 a) Price 7 2 0 0 0 9 1.22
2 b) Proximity to property
2 2 3 2 0 9 2.56
3c) Knowledge about neighborhood
2 4 1 2 0 9 2.33
4 d) Accessibility
4 3 1 1 0 9 1.89
5 e) Small firm 0 0 3 1 5 9 4.22
6f) Other? Enter here and rank:
3 0 0 0 0 3 1.00
f) Other? Enter here and rank:
Deliver on value proposition ( larger negotiating power for insurance, etc.) and lower cost
no padding in the fees
Statistic a) Price b) Proximity to property
c) Knowledge about
neighborhood
d) Accessibility
e) Small firm
f) Other? Enter here and rank:
Min Value 1 1 1 1 3 1
Max Value 2 4 4 4 5 1
Mean 1.22 2.56 2.33 1.89 4.22 1.00
Variance 0.19 1.28 1.25 1.11 0.94 0.00
Standard Deviation
0.44 1.13 1.12 1.05 0.97 0.00
Total Responses
9 9 9 9 9 3
9. As a landlord who is LOOKING or WHILE LEASING to a tenant, what are your top 3 pain points and what tools (online or offline) do you currently use to manage them? (Examples: dealing with payments physically, finding tenants, negotiating the agreement, etc.)
Default - 1
Pain Point Tools/Resources Used (if any)
Search for a new Tenant when the current one wants to vacate after the lease
use craigslist to post ads
background check internet
Finding tenants Craigslist
maintenance PropManager
Good tenant None
finding tenants craigslist
Finding tenants Craigslist
dealing with repairs handle them just like your home
Finding Tenant craigslist
meeting prospects at property (lots of no shows) book multiple appointments simultaneously to improve yield
Preparing property to be rented Maid service, handyman
Reliable on-site manager to show properties
ability to pay rent on time credit scores , references
Maintainence local service providers
finding tenants mgt. company
Finding quality tenants Craigslist
screening the tenant applications credit rating agency report
Collections Lawyer
Default - 2
Pain Point Tools/Resources Used (if any)
fix anything that is broken at home such as appliances
hire a local handyman to get those fixed
finding qualified tenants internet
Deposit disputes
Contracts Modify contract for different tenants
background check credit check
Receiving payments N/A
dealing with late payments keep finding them
Maximizing Value craigslist
re-posting craiglist ads keep draft ad copy locally to copy and paste
Showing property My time
Keeping vacancies down advertising in local papers, word of mouth with tenants
fixing appliances maintenence contracts
determining market rates web resaerch
Dealing with payments Email & Phone
repairs/maintenance arrange for contractors
Property maintenance Property manager
Default - 3
Pain Point Tools/Resources Used (if any)
worry about monthly rental payments send a mail to tenant if the check is not received by the 5th of every month
keeping up with new laws internet
Finding reliable handymen Craigslist
payment direct deposit
Negotiating the agreement N/A
not knowing what types of people you're leasing to
credit check
Responding to maintenance self
Screening / qualifying tenants Tenant verification service
High utility usage by tenants but heat is paid for by landlord
have considered individual metering, but payback hasn't been there.
visiting/surveying neighborhood trends periodic visits to area
Maintenance
payments keeping track of payments
Financing acquisitions Mortgage banker
Statistic 1 2 3
Min Value - - -
Max Value - - -
Total Responses - - -
10. As a landlord LOOKING or WHILE LEASING to a tenant, what are your top 3 "easiest to do" landlord tasks and what tools do you currently use to manage them?(Example: completing a reputation check, finding tenants, negotiating the agreement, etc.)
Default - 1
Easiest to do Tools/Resources Used (if any)
check their credit score ask them to submit a copy of the latest credit score
credit check internet
Getting paid direct deposit
finding a property manager word of mouth
collect rent give them deposit slip
negotiating agreement previous agreements
Credit Check Agency
posting the ad
collecting payment tenant uses bill pay
create lease made own form field Word template
Finding tenants Craigslist, newspaper ads
reputation check Use service. Have to pay but pass cost along to applicant
lease contracts online
finding tenants Craigslist
collecting rent mgt. company
Negotiating terms
putting the ad craigslist
Lease negotiations Self
Default - 2
Easiest to do Tools/Resources Used (if any)
get references from previous places send the earlier landlord a mail or make a phoen call
advertising internet
finding a tenant PropManager
repairs give them handyman's contact information
listing unit craigslist
Lease contract Lawyer
docs california has a great landlord packet available on website
Receiving rent Direct deposit
maintenance have solid maintenace staff
manage bills online
lease negotiation legal forms
building maintenance HOA dues covers this
Marketing the homes
agreement free template
Acquisitions Property broker
Default – 3
Easiest to do Tools/Resources Used (if any)
meet the new prospective tenant personally to get a feel whether they will be good tenants
meet at the rental property
collecting rent PropManager
Renewal Contract N/A
taxes well understood in turbotax
Getting the agreement signed Standard lease agreement
credit/reputation check credit bureau; online resources
Dispositions Broker
Statistic 1 2 3
Min Value - - -
Max Value - - -
Total Responses - - -
11. As a landlord, if a tool/site was available that could make rental process easier for a landlord, how would you rate the importance of the following features?
# Question Not Important
Somewhat Important
Very Important
Responses Mean
1
a) Reduced costs for paid landlord services (e.g. renter credit check)
2 8 10 20 2.40
2 b) Tools to set up lease contracts
7 7 6 20 1.95
3
c) Convenience of one tool/site for exploring properties, negotiating rent, finalizing the lease contract, paying for rent and an integrated communication tool with the landlord
5 10 5 20 2.00
4
d) Easy to use and well designed website
2 8 10 20 2.40
5
e) Renter and landlord matching (think eHarmony for rentals)
3 9 8 20 2.25
6
f) Tenant reputation history (ie. on-time payment, good tenants)
0 3 17 20 2.85
7 g) Integrated communication tool for landlords
9 8 3 20 1.70
and renters
8
h) One credit/reputation check for multiple potential landlords
6 9 5 20 1.95
9 i) Access to many renters/users
3 7 10 20 2.35
10 j) Ability to post videos/photos
4 9 7 20 2.15
11k) Online application submission
3 7 9 19 2.32
12 l) Other: 0 1 0 1 2.00
13 m) Other: 0 0 0 0 0.00
14 n) Other: 0 0 0 0 0.00
l) Other: m) Other: n) Other:
handyman
Instant tenant credit check: PRESTO! Your score sucks? Don't even apply. Thanks & have a nice day :)
Statistic a) Reduced costs for
paid landlord services
(e.g. renter credit check)
b) Tools to set up
lease contracts
c) Convenience of one tool/site
for exploring properties, negotiating
rent, finalizing the lease contract,
paying for rent and an
integrated communication
tool with the landlord
d) Easy to use
and well designe
d website
e) Renter and
landlord matching
(think eHarmon
y for rentals)
f) Tenant reputation history (ie.
on-time payment,
good tenants)
g) Integrated communication
tool for landlords and
renters
h) One credit/reputation
check for multiple potential landlords
Min Value 1 1 1 1 1 2 1 1
Max Value
3 3 3 3 3 3 3 3
Mean 2.40 1.95 2.00 2.40 2.25 2.85 1.70 1.95
Variance 0.46 0.68 0.53 0.46 0.51 0.13 0.54 0.58
Standard Deviation
0.68 0.83 0.73 0.68 0.72 0.37 0.73 0.76
Total Responses
20 20 20 20 20 20 20 20
12. As a landlord, how do you currently screen for tenants? Please explain below:
Text Response
Check their credit score and history and also meet them personally
call references, check current residence, credit check
Income
My property manager handled it.
Interviews
credit check, credit score, previous residences
Random
property manager does it
Check where they work, gender, age, credit check
personal meetings, credit, reference
review applications, credit report
I use a tenant verification service. I have not been pleased with the company, and will probably seek another service.
credit check and reference check.
references, credit checks, employer records
A friend who is a mortgage broker
Management company does this, but the biggest things I look for are credit score & employment (salary level)
Yes - through an application process
using a credit rating agency and personal interviews
Via property management company
Third party credit research and confirmation of income from employment
Statistic Value
Total Responses 20
13. Would you be interested in a tool that helps you screen for good tenants?
# Answer Response %
1 Yes 19 95%
2 No 1 5%
Total 20 100%
Statistic Value
Min Value 1
Max Value 2
Mean 1.05
Variance 0.05
Standard Deviation 0.22
Total Responses 20
14. How much are you willing to pay for that service?
# Answer Response %
1 Up to $10. 5 25%
2 Up to $20. 2 10%
3 Up to $50. 11 55%
4 Up to $100. 1 5%
5 More than $100.
1 5%
Total 20 100%
Statistic Value
Min Value 1
Max Value 5
Mean 2.55
Variance 1.21
Standard Deviation 1.10
Total Responses 20
15. Would you be comfortable doing this task online (e.g. via computer, smartphone, etc.)?
# Answer Response %
1Not comfortable at all.
0 0%
2 Somewhat comfortable.
2 10%
3 Very comfortable.
18 90%
Total 20 100%
Statistic Value
Min Value 2
Max Value 3
Mean 2.90
Variance 0.09
Standard Deviation 0.31
Total Responses 20
16. How important is this service of screening good tenants to you?
# Answer Response %
1 Not important. 1 5%
2 Somewhat important.
3 15%
3 Very important.
16 80%
Total 20 100%
Statistic Value
Min Value 1
Max Value 3
Mean 2.75
Variance 0.30
Standard Deviation 0.55
Total Responses 20
17. As a landlord, how do you currently set up leases? Please explain below:
Text Response
on my own , using the standard California lease agreement
use format from Nolo
I use an existing contract and just change a few parameters
My property manager
modify contracts for different tenants
have a template, pdf
Agency/lawyer
proprrt manager does it
Yes
california docs
use Word template
I have a standard lease agreement that I use.
Have standardized leasing form.
ummm, you go online, print out a contract and make people sign it. pretty damn simple.
I'm a lawyer
Mostly pre-formatted leases; pretty standard fare. If I needed any help, there's always Legalzoom, no?
I use a template on my computer
standard template
via property management company
Standard proprietary template
Statistic Value
Total Responses 20
18. Would you be interested in a tool that helps you easily set up leases?
# Answer Response %
1 Yes 10 50%
2 No 10 50%
Total 20 100%
Statistic Value
Min Value 1
Max Value 2
Mean 1.50
Variance 0.26
Standard Deviation 0.51
Total Responses 20
19. How much are you willing to pay for that service?
# Answer Response %
1 Up to $10. 10 59%
2 Up to $20. 4 24%
3 Up to $50. 1 6%
4 Up to $100. 1 6%
5 More than $100.
1 6%
Total 17 100%
Statistic Value
Min Value 1
Max Value 5
Mean 1.76
Variance 1.44
Standard Deviation 1.20
Total Responses 17
20. Would you be comfortable doing this task online (e.g. via computer, smartphone, etc.)?
# Answer Response %
1Not comfortable at all.
1 5%
2 Somewhat comfortable.
2 11%
3 Very comfortable.
16 84%
Total 19 100%
Statistic Value
Min Value 1
Max Value 3
Mean 2.79
Variance 0.29
Standard Deviation 0.54
Total Responses 19
21. How important is this lease contract service to you?
# Answer Response %
1 Not important. 10 53%
2 Somewhat important.
5 26%
3 Very important.
4 21%
Total 19 100%
Statistic Value
Min Value 1
Max Value 3
Mean 1.68
Variance 0.67
Standard Deviation 0.82
Total Responses 19
22. As a landlord, how do you currently collect rent? (e.g. via check, direct deposit, etc.) Please explain below:
Text Response
Check
tenant mails check
Direct deposit
property manager
give tenants direct deposit slips
1 via check, 1 direct deposit
Wire
direct deposit
Direct face-to-face check payment
mailed check
EFT via online banking. used PayPal until fees began to be levied.
Check and direct deposit
Check
direct deposit through electronic transfer. - it is a free service through all commercial banks. why would I pay additional fees for someone else to do this for me. it couldn't be easier.
Check
electronic deposit to the management company, they take a cut & pass me the balance with a receipt.
Check and wire
Check
direct deposit
Varies by property
Statistic Value
Total Responses 20
23. Would you be interested in other tools/options for collecting rent? (e.g. via direct deposit, credit card, Paypal)
# Answer Response %
1 Yes 14 70%
2 No 6 30%
Total 20 100%
Statistic Value
Min Value 1
Max Value 2
Mean 1.30
Variance 0.22
Standard Deviation 0.47
Total Responses 20
24. How much are you willing to pay for a service that helps you collect and track rental payments?
# Answer Response %
1 Up to 1% of rent.
15 88%
2 Up to 2% of rent.
2 12%
3 Up to 3% of rent.
0 0%
4 Up to 4% of rent.
0 0%
5 Up to 5% of rent.
0 0%
Total 17 100%
Statistic Value
Min Value 1
Max Value 2
Mean 1.12
Variance 0.11
Standard Deviation 0.33
Total Responses 17
25. Would you be comfortable doing this task online (e.g. via computer, smartphone, etc.)?
# Answer Response %
1Not comfortable at all.
2 11%
2 Somewhat comfortable.
1 5%
3 Very comfortable.
16 84%
Total 19 100%
Statistic Value
Min Value 1
Max Value 3
Mean 2.74
Variance 0.43
Standard Deviation 0.65
Total Responses 19
26. How important is this service to you?
# Answer Response %
1 Not important. 6 32%
2 Somewhat important.
10 53%
3 Very important.
3 16%
Total 19 100%
Statistic Value
Min Value 1
Max Value 3
Mean 1.84
Variance 0.47
Standard Deviation 0.69
Total Responses 19
27. As a TENANT:
Default - How long have you lived in your residence?
Enter number of years below:
2
3
6
2
3
1.5
1
0
2
3
1
1
1
3
3
2
.5
2
4
1
2
1
0
7
2
2
2
3
1
1
3
3
2
4
2
5
2
Default - How many years have you been renting?
Enter number of years below:
6
15
15
2
30
1.5
11
0
2
3
1
2
3
3
7
14
14
10
13
5
7
9
9
7
12
5
9
10
10
10
3
7
2
9
13
7
6
Statistic How long have you lived in your residence?
How many years have you been renting?
Min Value - -
Max Value - -
Total Responses - -
28. As a renter, have you had any help finding and closing on your current and previous rental properties? Check all that apply below.
# Answer Response %
1Corporate relocation services
8 22%
2 Rental referral agent
11 31%
3Craigslist or another website
28 78%
4 Driving around 11 31%
5 Other. Enter here:
8 22%
Other. Enter here:
Individual
Friend
Local paper publications
Friends
Friend
http://www.padmapper.com/
Friend
local paper
Statistic Value
Min Value 1
Max Value 5
Total Responses 36
29. If you selected any of the above, what company/group has helped you? Please enter the name(s) of the company/group below:
Text Response
bayrental.org
Craigslist
Remax
Craigslist
don't recall name, she came to us after seeing our post on craigslist
Semonin
through a friend
Oaktree corporate housing
Craigslist
Craigslist, Padmapper
SIRVA Relocation
Metro Rent
Streeteasy.com, Sotheby's
Craigslist, hotpads.com
Disney
Craigslist
Craigslist
Navy
Various includingbusing Multiple Listing Servuce
Centry 21
Alan Pinel
Prince Real Estate
Rent.com, apartments.com
Don't remember
Statistic Value
Total Responses 24
30. If you used a company/group, how long have you used them for? (select from dropdown menu)
# Answer Response %
1Select from dropdown menu:
0 0%
2 1 year. 9 45%
3 2 years. 1 5%
4 3 years. 1 5%
5 4 years. 0 0%
6 5 years. 0 0%
7 More than 5 years.
9 45%
Total 20 100%
Statistic Value
Min Value 2
Max Value 7
Mean 4.40
Variance 6.04
Standard Deviation 2.46
Total Responses 20
31. How many times have you used them? (select from dropdown menu)
# Answer Response %
1Select from dropdown menu:
0 0%
2 1 time. 9 45%
3 2 times. 1 5%
4 3 times. 2 10%
5 4 times. 2 10%
6 5 times. 0 0%
7 More than 5 times..
6 30%
Total 20 100%
Statistic Value
Min Value 2
Max Value 7
Mean 4.05
Variance 4.89
Standard Deviation 2.21
Total Responses 20
32. If you do NOT use a property manager or real estate agent, why not?
# Answer Response %
1 Reason 1: 24 100%
2 Reason 2: 12 50%
3 Reason 3: 3 13%
4 Reason 4: 2 8%
Reason 1: Reason 2: Reason 3: Reason 4:
Hard to find. Even harder to find a trustworthy one.
Craigslist fills all my needs for looking for rental opportunities.
not most efficient as a perception
what's in it for them
too expensive
Easy to connect with landlords directly
Who the hell wants to pay a middle man
Don't know
easier to work with friends
Got used to searching on craigslist
I didn't think I needed to pay someone for research I could do by myself
easier to do on own
everything online
no use for a simple lease
relo company provided enough support
Craigslist
NYC real estate broker fee
Hard to get to property managers in NYC
No effective
Paid by the expensive agencies hence they waste your time showing crap first and then something unaafordable
Craigslist is better
Price Less Options Less Independent - feel bound to them
costly they only have expensive rental.
extra delay
Except some markets (such as NYC), it is not hard to find the contacts of rental properties. I can call up the property manager of each apt complex to find availability.
I am a tenant only.
expensive don't know how to find good ones
No need for a middle man
Convenience
Market (San Francisco) Not needed (easy to find rentals)
Difficult to find a reliable agent
I prefer doing research online and through web forums
Difficult to find an agent relative to an area
Didn't feel a need - successful without them
Statistic Value
Min Value 1
Max Value 4
Total Responses 24
33. Please rank the value of the services you think a realty/property management company can provide (with "1" being MOST IMPORTANT and "5" being LEAST IMPORTANT).
# Question 1 2 3 4 5 Responses
Mean
1a) Provided pricing information
11 12 3 4 4 34 2.35
2b) Performed my search for me
9 8 7 5 4 33 2.61
3c) Knowledge about neighborhood
5 5 15 2 5 32 2.91
4 d) Accessibility
3 6 10 8 5 32 3.19
5 e) Small firm 4 3 7 6 9 29 3.45
6 f) Other? Enter below:
2 0 0 0 0 2 1.00
f) Other? Enter below:
Show properties
Selection
Funded by company
Negotiated price for me
(not sure what you mean by "Small firm".
Statistic a) Provided pricing
information
b) Performed my search
for me
c) Knowledge about
neighborhood
d) Accessibility
e) Small firm
f) Other? Enter
below:
Min Value 1 1 1 1 1 1
Max Value 5 5 5 5 5 1
Mean 2.35 2.61 2.91 3.19 3.45 1.00
Variance 1.87 1.87 1.51 1.45 1.97 0.30
Standard Deviation
1.37 1.37 1.23 1.20 1.40 0.55
Total Responses
34 33 32 32 29 5
34. As a tenant who is LOOKING or RENTING a unit, what are your top 3 pain points and what tools (online or offline) do you currently use to manage them?(Examples: finding the right house/apartment, multiple credit checks, negotiating the agreement, etc.)
Default – 1
Pain Point Tools/Resources Used (if any)
Multiple credit checks
not enough details on craigslist about size of rooms
Contacting owner to see the property initially Realtor
time to find the right property to rent
finding the right apartment Craigslist
Not enough listings
finding a good place Craigslist
Finding apartment
Finding the right apartment
incorrect price compairing multiple sites
No predictability that the landlord would renew the lease
I tried to sign a longer lease but that doesn't work out very well
neighborhood research
check status of property bring a friend
finding the right apartment Craigslist
Arriving first when a place is competitive Used a proxy when i wasn't available
submit applications paper ?
Multiple applications
screening (want better/more pictures in and outside, maybe videos)
too many site visits
finding the perfect place websites/agents
Right apartment/price
Finding the right apt at the right price Craigslist
right amenities Craigslist
find availability craigslist, call up or visit directly
finding the right house/apartment Craigslist
Due diligence Internet
Available property within the desired area Driving around
Finding the right location Agent
school district web API scores
Paperwork and agreement
Finding the area I want to live in Friends & Colleagues
Payment method Credit cards are mostly not accepted as a payment method
already rented Newspaper
Default – 2
Pain Point Tools/Resources Used (if any)
The whole harrpwing search process
not enough detail about quality of neighborhood
maintenance Landlord
comparing apartment options friends/family
Inconsistent rates
Negotiating
Papers
pictures shown on websites are different from actual
Visit
Insecurity about dealing with someone I don't know
Usually prefer to rent from someone who uses a property management company
visiting rentals
moving out/ making sure i get my security deposit back
None
knowing if the rent is fair having to cross check on websites
communicating with landlord Email
Not certain whether listing is still active
knowing where I stand email/phone
Price/quality
right price in right neighborhood craigslist/zillow
find the contacts of apt complex (if not listed on craigslist)
google search
taking care of broken items in the house
Landlord
Multiple credit checks Maintain good FICO score
Rent rate Calling the propert
Transportation Agent
acceptable Commute
Rental agent usually required by property managers in New York
Finding a rental that meets my requirements
Craigslist (tedious - bad search function)
Security There is inadequate information provided by property agents on security related breaches in that area
not as described paper / web
Default – 3
Pain Point Tools/Resources Used (if any)
Transitioning and the pressure of finding the right place on time.
not enough detail about qualityh of apartment fixtures, appliances
understanding pricing trends
Too much information asked during verification process
Knowing new area
Reading the contract Lawyer
deposits/rental rates with low credit record Visit
Security deposit Not much I can do about that
applications
agreement is too strict None
scheduling showing times again - using a proxy to go to open houses for me
Not knowing if price is fair
neighbors/neighborhood
Multiple credit checks
timing of giving notice without having the next place lined up yet - to avoid paying two rents in one month that overlaps
n/a
reputation of apt complex and its mgmt team google reviews online and talk to friends living there before
paying utilities Roommates
Fi Quaker listings Internet
Option to see the place Visiting the place
lease agreement Agent
Deciding on the right apartment
Access to information
excessive deposits
Statistic 1 2 3
Min Value - - -
Max Value - - -
Total Responses - - -
35. As a renter who is LOOKING or RENTING, what are your top 3 "easiest to do" renter tasks and what tools do you currently use to manage them?(Examples: finding the right house/apartment, multiple credit checks, negotiating the agreement, etc.)
Default – 1
Easiest to do Tools/Resources Used (if any)
Online search and shortlist
seeing what is available Craigslist
pay rent Self
find contact information Website
Craigslist is awesome
Finding pictures on line
finding surroundings of apt Google
Locating the candidate homes to view
Craigslist
broad search
credit checks experian, etc
see what else is for rent in the neighborhood
padmapper, craigslist
paying bank automatic payment
decide
filling out forms
Going online to look for a place
Researching comps Craigslist
search by neighborhood and price Craigslist
negotiating the agreement, None
Evaluating quality of rental Personal experience
Credit check Apartment complex manages that
Find listings Online
Finding apartment options Craigslist
Negotiating agreement
Getting things fixed Calling the landlord has always worked for me and things get fixed on the earliest
negotiating
Default – 2
Easiest to do Tools/Resources Used (if any)
sorting by price and neighborhood craigslist
pay rent online checking
Paying rent every month through bank auto payment
Credit check
negotiating
credit check easy to do online
negotiate
paying rent online banking
Visiting houses Google maps
key word searches (i.e. top floor flat) craigslist
doing site visits none
Locating good neighborhoods Online tools
Paying the rent Drop the check in the 'drop box'
Credit checks online
Credit checks
Depositing rent checks 24 hours drop box serivce
credit check
Default – 3
Easiest to do Tools/Resources Used (if any)
maintenance requests phone
Maintenance calls are easy
N/A
electronic applications make the whole process easier
decide
Forms
Contract signing In person
Paying deposit and rent Online checking
Statistic 1 2 3
Min Value - - -
Max Value - - -
Total Responses - - -
36. As a renter, if a tool/site was available that could make rental process easier for you, how would you rate the importance of the following features?
# Question Not Important
Somewhat Important
Very Important
Responses Mean
1
a) Renter and landlord matching (think eHarmony for rentals)
9 17 7 33 1.94
2
b) Convenience of one tool/site for exploring properties, negotiating rent, finalizing the lease contract, paying for rent and an integrated communication tool with the landlord
2 11 19 32 2.53
3c) Easy to use and well designed website
1 6 24 31 2.74
4
d) Landlord reputation history (ie. good landlords, timely repairs)
0 8 24 32 2.75
6
e) One credit/reputation check for multiple potential landlords
4 7 21 32 2.53
7
f) Access to a thorough and complete available listings
1 2 29 32 2.88
8g) Ability to view property videos/photos
1 4 27 32 2.81
9h) Online application submission
1 16 15 32 2.44
10
i) A reputation system that takes into account my previous excellent renting history not just my credit score
3 10 19 32 2.50
11
j) Ability to ask previous tenants about the landlord/property manager
1 14 17 32 2.50
12 k) Other: 0 0 2 2 3.00
13 l) Other: 0 0 1 1 3.00
14 m) Other: 0 1 0 1 2.00
k) Other: l) Other: m) Other:
Scheduling system for showing properties
Ongoing rent payment with credit card not checks
Security check on property Anything I can't get through craigslist/online currently
Statistic a) Renter and
landlord matching
(think eHarmony
for rentals)
b) Convenience of one tool/site
for exploring properties, negotiating
rent, finalizing the lease contract,
paying for rent and an
integrated communication
tool with the landlord
c) Easy to use
and well designed website
d) Landlord
reputation history (ie.
good landlords,
timely repairs)
e) One credit/reputation
check for multiple potential landlords
f) Access to a
thorough and
complete
available listings
g) Ability to view property videos/photos
h) Online application submission
Min Value 1 1 1 2 1 1 1
Max Value
3 3 3 3 3 3 3
Mean 1.94 2.53 2.74 2.75 2.53 2.88 2.81
Variance 0.50 0.39 0.26 0.19 0.52 0.18 0.22
Standard Deviation
0.70 0.62 0.51 0.44 0.72 0.42 0.47
Total Responses
33 32 31 32 32 32 32
37. As a tenant, express your level of concern with security of transactions:
# Question Not concerned
Somewhat concerned
Very concerned
Responses Mean
1
How much do you worry about providing your personal information to potential landlords?
7 14 11 32 2.13
2
How much do you worry about giving your deposit to a landlord?
11 16 5 32 1.81
3
Have you had to deal with multiple credit/reputation checks while searching for one your next apt/home? Please enter "Yes" or "No" below and rank concern:
12 14 1 27 1.59
Have you had to deal with multiple credit/reputation checks while searching for one your next apt/home? Please enter "Yes" or "No" below and rank concern:
Yes
Yes
Yes
No
No
No
No
NO
No
Yes
No
No
Yes
Yes
Yes
Yes
Yes
No
No
No
YES
No
No
No
No
Yes
Statistic How much do you worry about providing
your personal information to potential
landlords?
How much do you worry about giving your deposit to a landlord?
Have you had to deal with multiple
credit/reputation checks while searching
for one your next apt/home? Please enter
"Yes" or "No" below
and rank concern:
Min Value 1 1 1
Max Value 3 3 3
Mean 2.13 1.81 1.59
Variance 0.56 0.48 0.58
Standard Deviation 0.75 0.69 0.76
Total Responses 32 32 31
38. As a tenant, how do you currently pay your rent? (e.g. via check, direct deposit, etc.) Please explain below:
Text Response
Direct deposit
Check
Check
direct deposit
Check
Monthly auto payment
autopay check from bank account
Check
Check
I no longer rent but when I did rent a couple of years ago, I had to mail a check or drop it off at the property management co office. A real pain in the ass - in the last 5 years I lived in 2 different rentals (one year each) and the 2 different prop Mgmt companies had no proper website where I could set up automatic monthly billing for my rent.
Check
DD
automated check through billpay
Check
Check
Check
bill pay
PayPal
Check
Check
Via check or via bill pay online
Hand-written check. I wish I could do it automatically every month online instead, that way I would never forget!
Check
Check
Check
auto check
via check
Check
DD
Online automated checking
online banking
Check
Check
Statistic Value
Total Responses 33
39. How valuable would it be for you to have other payment options?
# Answer Response %
1 Not valuable. 10 29%
2 Somewhat valuable.
11 31%
3 Valuable. 7 20%
4 Very Valuable. 7 20%
Total 35 100%
Statistic Value
Min Value 1
Max Value 4
Mean 2.31
Variance 1.22
Standard Deviation 1.11
Total Responses 35
40. How much are you willing to pay for a service that performs and tracks your payment transactions?
# Answer Response %
1 Up to 1% of rent.
26 93%
2 Up to 2% of rent.
2 7%
3 Up to 3% of rent.
0 0%
4 Up to 4% of rent.
0 0%
5 Up to 5% of rent.
0 0%
Total 28 100%
Statistic Value
Min Value 1
Max Value 2
Mean 1.07
Variance 0.07
Standard Deviation 0.26
Total Responses 28
41. Would you be comfortable doing this task online (e.g. via computer, smartphone, etc.)?
# Answer Response %
1Not comfortable at all.
0 0%
2 Somewhat comfortable.
5 14%
3 Very comfortable.
30 86%
Total 35 100%
Statistic Value
Min Value 2
Max Value 3
Mean 2.86
Variance 0.13
Standard Deviation 0.36
Total Responses 35
42. Would you like to leave your name to help us better understand the demographics of the property rental market? If so, please enter your name below. (Feel free to leave anonymous)
Text Response
Akhilesh Verma
Krishna
C. Washington
Robin -- do not use. Had to test something.
steve chen
jim van gogh
Jaaaay
Waseem Bawa (caveat: I used to rent up until a couple of years ago)
Stephanie Krutzsch
Leonardo Faoro
Paul Mackinaw
for "how much willing to pay" questions, i would have answered 0 for collecting rent payments -- unwilling to use another service at cost of percentage of rent. would consider one-time set up fee but currently receive EFTs at no cost except time to set up.
Will Taylor, BCEMBA '11
Aaron Kelley
Suzanne Lightstone
Bijun He (it will be great if you can share your survey result with me. All questions are very interesting!
Mark Vandendyke
Stephen Tindle
Tanuja Singh
Peter Adderton
Anonymous
Umar Saeed
Anonymous
Sehr Sheikh
Gene Liu
Usman Rao
Statistic Value
Total Responses 26
43. Please select your age range below in the dropdown menu:
# Answer Response %
7Select from dropdown menu:
0 0%
1 Under 25 years old
0 0%
2 Between 25-30 2 4%
4 Between 30-35 22 45%
5 Between 35-40 15 31%
6 Between 40-45 8 16%
8 Between 45-50 2 4%
9 Between 50-55 0 0%
3 Between 55-60 0 0%
10 Between 60-65 0 0%
11 Between 65-70 0 0%
12 Between 70-75 0 0%
13 Between 75-80 0 0%
14 Above 80 years old
0 0%
Total 49 100%
Statistic Value
Min Value 2
Max Value 8
Mean 4.71
Variance 1.29
Standard Deviation 1.14
Total Responses 49