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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.
ProblemLandlords today suffer from bad tenants costing them billions of dollars annually in back rent, damages and
evictions, not to mention the headaches.
Problem
$10.7Billion $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!
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
ProblemRental 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:
Solution
1-2 Product Screens
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
Solution
1-2 Product Screens1-2 Product ScreensLandlords legally share critical information with other landlords that is not available on a credit report.
Sample Rental Reference
SolutionSolutions 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
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 Market24% that move annually
$423,867$260
million
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.
Looking ForwardTe
am
Build
ing
Com
pany
Pr
ogre
ss
Jan 2017 Apr 2017 Aug 2017 Jan 2018
Marketing CampaignsLaunch 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
ProblemAs seen on
