Date post: | 01-Nov-2014 |
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Real Estate |
Upload: | mike-green |
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The first rental platform designed specifically to assist 21st century families in America find housing
Re-inventing Renting
Help us launch in early 2014! See our IndieGogo Fundraiser Campaign.
Total U.S. Households: 132M (2012)
Household Renter Fraction: 36% (47M units)
Real Gross Rent (Median): $884
Median Tenant Income: $30K
Vacancy Rate: 6.77%
$2K: Typical cost of tenant turnover
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U.S. RENTAL MARKET
Sources:Dept. of Numbers; US Census;National Multihousing Council
HOMELESS FAMILIES ARE A SUBSET OF A MUCH LARGER RENTAL MARKET
21st CENTURY RENTAL MARKET
LANDLORD PROBLEM
Credit checks
Steady income verification
High deposit / fees
Expensive property manager
RENTER PROBLEM
Marginalized families
Great Recession impact
Home foreclosure crisis
Unemployed/Under-employed
Entrepreneur / Freelancer
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Good Credit Only
20th century renter’s methods still being applied to new market conditions.
21st century middle-class families were
squeezed down the economic ladder during
the Great Recession.
We tailored our platform to meet the needs of even the most challenging demographic: Homeless Families
HUGE RENTAL MARKET!
RENTAL MARKET PROBLEMS
LANDLORD
Lengthy Interview Process
Unqualified Applicants
Lost Time = Lost Revenue
Multi-day Application Process
RENTER
3 - 4 day Application Process
Application Fees Per Attempt
Application Rejected
Loss of Privacy/Personal Info
More Time = More Cost
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Good Credit Only
HOUSING HOMELESS FAMILIES
1/3 of homeless population are families
1.6 million children experience homelessness each year
Any given day, 200,000 children are homeless
20 months: Average wait for public housing
35 months: Average wait for Section 8 voucher
5.8 million units needed to fill affordable housing gap for lowest income bracket
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24 million jobs (1/5 of all jobs) do not keep a working family of four out of poverty. A fulltime minimum wage worker cannot afford a one-bedroom apartment anywhere in the U.S.
Source: National Center on Family Homelessness
PART OF THE 21ST CENTURY RENTAL MARKET PARADIGM
NoAppFee is an industry solution tailor-made to address the challenges that any 21st century family (even homeless) might face in seeking rental housing.
OUR GOAL:
Within 24 hours of initiating a search, we intend to match even the most challenging renters with properties for which they qualify.
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SOLUTION REVOLUTION RE-INVENTING RENTING TO ADDRESS THE HOMELESS FAMILIES CRISIS IN AMERICA
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SOLUTION REVOLUTION SOLVE THE TOUGHEST PROBLEM AND THE SOLUTION BENEFITS EVERYONE.
LANDLORD BENEFITS
Quickly find qualified tenants online at NoAppFee
Schedule meeting to confirm agreement and give keys
RENTER BENEFITS
Quickly find and apply only to qualifying properties
Receive notification of accepted application
Show up at scheduled meeting to sign agreement and receive keys
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HOW IT WORKS
LANDLORD PROCESS
List Unit on NoAppFee.com (no cost)
No Application Process
Choose 1st Pre-Qualified Renter
Schedule Verification Meeting
Agreement, Payment & Keys
RENTER PROCESS
Create Profile Page (easy, like Facebook)
Initiate Search on NoAppFee.com*
Choose From Match Properties
Show Up to Scheduled Meeting
Agreement, Payment & Keys
*Homeless families pay no application fee.
Click images above for video and audio.
ABOUT NoAppFee was founded by Tyrone Poole based on his personal experience, and the insights he discovered while assisting homeless families find rental housing.
NoAppFee addresses the challenges faced by homeless families, and the nonprofits that assist them in finding rental housing. It streamlines a lengthy process and eliminates cost impediments that prevent families from finding housing they need. It provides a benefit to landlords by auto-matching listed properties with pre-approved tenants, which saves both time and money.
Click the mic to hear Tyrone tell his story from firefighter to homeless advocate
See our IndieGoGo Campaign and help us launch NoAppFee in early 2014.
The first rental platform designed specifically to assist 21st century families in America find housing
Re-inventing Renting
Help us launch in early 2014! See our IndieGogo Fundraiser Campaign.