Simplifyy Founders Deck 5-27-2020
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Thank you for visiting our latest deck and for considering this exciting investment and joint venture opportunity through our Founders Circle!
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Simplifyy Founders Deck 5-27-2020
- 1. simplifyy. simplifyy. transforming apartment property management Confidential Investment Opportunity for Accredited Investors Only
- 2. simplifyy.
- 6. • •
- 8. o o o o o o simplifyy. “Ought to be a better way to manage apartments!”
- 9. simplifyy. Paul Jake Chris Vance Sara Dean Candace ChristinaVeronica Scott Leadership Team *$5M founder funding
- 10. simplifyy $5M founder funding 700 units First to disrupt the apartment industry by replacing property management - covering people, software, and services - in one flat price that increases NOI, guaranteed!
- 11. We Eliminate Multifamily Waste • • • simplifyy
- 12. simplifyy. • • • • • • • Self-touring lease conversions increase by 86% versus when staff is escorting a prospect. - NMHC, 2019
- 14. simplifyy.
- 15. simplifyy. • • •
- 18. simplifyy.
- 19. Founders Circle Investment and JV Opportunity simplifyy. YOU
- 20. simplifyy. Likely - Optimal -Safe - 5k Units = $100M valuation
- 21. CONFIDENTIAL
Editor's Notes
- ….But before we begin… I want to share our origin story so there is some context:
- Meets 2nd basic human need
- Lack of Innovation
- The lack of innovation manifests in this ecosystem…wide gap between the two sides…and neither one actually helps increase NOI Leasing Resident Retention Maintenance Accounting Risk Management Forecasting
- CAN’T RELY ON HISTORICAL RENT GROWTH AND COLLECTIONS
- SOLUTION - The first and only…we handle it better, faster, smarter than property management
- We built a traditional property management company to manage our multifamily I became fed up with traditional property management Searched for a better way…but it didn’t exist… So I left my family company with $6M, and invested $2M to found Simplifyy
- Chris – Sprint, Location Labs/Avast, Symantec Vance – turned down Amazon senior role Sara – multifamily, 17,000 homes Mike - Tarsus
- Who we are What we do Story behind creating the company
- Simplifyy eliminates the waste in apartment management found in two main categories: 1) Office payroll out of a clubhouse; 2) Industry software and services. We cover the CONTROLLABLE costs found on a typical P&L in one flat price
- Reduced cost to lease by half
- Reduce RESIDENT RETENTION COSTS BY half
- Introduced Accountability
- Reduced finance and accounting costs by 1/3
- Coming in 2021…
- We handle everything your property management does, better, smarter, faster.
- Growth plan – Large owners RET Ventures Property Management companies
- $2.5M raise = 10% equity ($25M valuation)
- Valuation – 10-30x revenue Data play – insurance, lenders, investors, appraisals, inspectors, PCA; renter & owners Opportunity to diversify into tech with high multiples in a discipline you understand