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Uploaded byDuncan Akello
hillbreast
The document discusses an automated property management software called Hillbreast that aims to make landlording easier and more profitable for property owners. It allows owners to find tenants, collect rent, and coordinate maintenance without the high costs of traditional property management companies that take 10% of rental income. The software handles tasks like rent collection, communication with tenants, and maintenance requests. It has grown from 48 tenants in its beta launch to over 800 tenants currently. The company plans to continue growth through partnering with property managers, targeted Facebook ads, and allowing tenants to sign up to bring their landlords onto the platform.
hillbreast
- 1.
- 2. Rental property ownerswant to make money without the work of being a landlord.
- 3. Currently, owners havetwo bad options: DIY Landlording • Cheap, but lots of work • High potential forerror • Owner must live near property Property ManagementCompany • Easy, but expensive (~10% of profits) • Low transparency • Notoriously poor customerservice
- 4. The solution: Automate landlordingthrough software.
- 5. How ItWorks Find tenantsor invite tenants, collect rent, coordinate maintenance and communications. Owner enjoys.
- 6. HillBreast WebApp Owners • Properties,Lease & payments, Communication & maintenance, Listings and Applications. • Financial data andanalytics Tenants • Tenant CV ,Property Insurance ,Issues & Request(*384*2000#) • Rental applications demo.hillbreast.com
- 7. Owners save timeandMoneywithHillbreast. HIllbreastTraditional Property Management Ksh10 %/mo • 10% of rental income + fees Ksh6/mo • Flat fee ofKsh 600 per 100 Tenants starting at 2500 per month.
- 8. Our early tractionhas been exciting. December 1 Beta launch in Ongata Rongai; 48Tenants January1 130 Tenants Today 840 Tenants
- 9. And we havesome great ways to grow. Signing property managers We reach out to Property managers using traditional on site servers to use our cloud platform ,features on our premium plan are favorable to property managers Targeted advertising We have created a target audience of facebook ad with a daily budget of Ksh 202, we intend to increase it Ksh 1010. FreemiumTier We let independentlandlords use some of our software for free. When they graduate to full-service management, we’ll be the naturalchoice. Tenants We’ll allow tenants to sign up first, then use them to bring their landlords on board.
- 10. Competition Current competitors: traditional propertymanagement companies property management companies in the Nairobi.(Approximate) employ fewer than fivepeople 200 180 4 have a nationalpresence Could becomecompetitors: Links buyers ,renters sellers and landlordsBuyRent kejahunt Platform helps you find out who’s moving out, so you can move in.
- 11. Today • 840 units •Partially automated Milestones June 2018 • 200 Landlords • 7000 Tenants Dec 2018 • 1500 Landlords • 45000 Tenants
- 12. Key Persons: BeforewestartedhillbreastOur teambuilt softwares and hardware products for medium sized companies and startups. Duncan Akello BSc Electrical & Telecommunication Engineering Cofounder Smartkura, Rafiq Africa Brian Kiprono BSc Business and information Technology Founder Skytech (Inhouse mapping)