Rentlit Pitch Deck
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The business model behind Rentlit. We are on a mission to make renting that much easier. We do this by providing tools for landlords to make it easy for them to self-manage their rental properties.
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Rentlit Pitch Deck
- 1. Simplifying Property Management Timothy Hamilton, Founder tim@rentlit.com www.rentlit.com
- 3. 125M Households 43M Renter Occupied
- 4. 125M Households 43M Renter Occupied 23 M Privately Owned
- 5. Maintenance Rent Collection Tenant Turnover
- 6. How do they solve these problems today? Maintenance Rent Collection Tenant Turnover
- 7. How do they solve these problems today? Maintenance Rent Collection Tenant Turnover
- 8. Motivation 2 + Years in Development Founder’s Commitment
- 9. Motivation 50% of all renters are cost burdened 25% pay more than 50% of income in rent 2 + Years in Development Founder’s Commitment
- 10. Find Tenant Application Background Checks Create a Lease Tenant Turnover
- 11. Automatic or Manual ACH – Debit - Credit Rent Collection
- 12. Flat Monthly Rate Appliances & Systems Completely Managed Maintenance
- 13. Pricing Property Management Maintenance Service Maintenance Warranty Monthly Price PP: $5 $15 $75 Unlimited Property Advertising: x x x Listing Photos: 4 Unlimited Unlimited Tenant Application: x x x Attorney Reviewed Lease: x x x Automated Rent Collection: x x x Criminal Background Checks: x x Eviction History: x x Credit Report: x x Featured Listing: x x Approved Contractors on Call: x x Appliance and System Warranty: x
- 14. Average fee $13 gross/mo = $6 net/mo x 23M P = $138M/mo = $1.7B annual market Market
- 15. Margins 24 month Churn Rate @ $13 month = LTV of $312 gross AcquisitionLTV ACH Costs Gross Margin $12 $127 $25 $312 FY 2017 FY 2018 FY 2019 FY 2020 Revenue $122,000 $1,500,000 $3,500,000 $7,000,000 Operating Income $33,000 $750,000 $1,750,000 $3,500,000 Financial Projections: Maintenance $134 $14 BG
- 16. Market Opportunity Unique Timing Millennials are Renters Boomers are Landlords
- 17. Market Approach First Local then Global 300 Brand Ambassadors Content Marketing Email Campaigns - Funnel Mailers Video Ads Web Marketing Realtors
- 18. The Vision We help landlords self-manage their rental properties. Chasing the rent check and fixing leaky toilets were just removed from your “to do” list.