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Rentity Deck (1:26)

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Renting Founded on Community Rentity.co Daniel Ahmadizadeh I Founder I [email protected]
Transcript

Renting Founded on Community

Rentity.co

Daniel Ahmadizadeh I Founder I [email protected]

The ProblemRental market is costly and inefficient.

Pain Points

Vacancy rate is an important concern for landlords. In NYC alone, landlords are losing over $180 million every month due to downtime on their units.

Traditional brokers are inefficient and charge prospective tenants between 8%-15% fees on annual rent.

The SolutionRewarding outgoing tenants and empowering future ones.

How it Works

Meet Susan23 years old college grad$3,300 Monthly Rent Moving out in 3 Months

Meet Chris 25 years old

$3,400 Target Rent Apartment Hunting

Susan lists her apartment on

Rentity

Susan shows her apartment to Chris

Chris discovers Susan’s listing on

Rentity

Chris loves it and applies for the

apartment

Chris pays low 5% fee and Susan collects half of

that fee

1 2 3 4 5

Current Tenants make 2.5% annual rent back

when new renter found

Prospective Tenants get early access to listings,

better insights, save money

Landlords minimize vacancy rates from pre-

market activity

Rentity’s Value Proposition

Why Rentity?

The current tenant is the best advocate for the apartment, building, neighbors,

and neighborhood.

The Market

Fifty four percent of renters know that they will move out more than 3 months before their lease expires.

Eighty seven percent of Airbnb hosts in NYC are renters.

Thirty percent of renters find their apartment through social networks.

Why Now

87% 54% 30%

Market Size

$395.5BTotal Annual Rent in U.S.

$2.7BRental

Broker Fees in NYC

$6.6BPaid to Attract

&Retain renters

21,600Leases with RENTITY in NYC

1% Share of NYC Market

$900Average Fee

$3000/mo rent * 2.5% fee

$19.4MGross Revenue

Over 3 years

x =

New York City - Market Opportunity

Size

Total Rental Units = 43.6 million

Median Monthly Rent = $756

Vacancy Rate = 8.2%

Total Market Size = $395.5 billion

How

Landlord-paid fee

Price-customization

Total Market Opportunity - National

35%

61.6%

42.7%

40%36.9%

43%

42.5%

40.4%

Total Market Opportunity - International

Percent of Renters:

Switzerland 61.6%Germany 43%South Korea 42.7%Austria 42.5%Turkey 40.4%Japan 40%France 36.9%United States 35%

Highest Rents:

Hong KongMoscowCaracasSan FranciscoNew York CityLondonTokyoSingapore

The Business Model

Retains remaining 2.5%

Will receive 2.5% of annual rent back

Pays 5 % fee to Rentity upon signing the lease

Business Model

ProspectiveTenant

CurrentTenant

Rentity

Go-To-Market Strategy

What is our customer acquisition strategy? How will we address any liquidity concerns? What about traditional brokers/agents?

For a more detailed deck, please email [email protected]

The Competition

Competitive Analysis

Advantages

● High fees ● Can market vacant

apartments● Bait and switch

● Reduced downtime ● Lower fees ● Current tenant gets

paid● Save landlords $● Pre-Market Inventory● Partnerships with

photo, cleaning, moving etc.

● Better way to search vacant apartments

● Built for current inventory

Direct Competitors

BrokersUrban Compass

Streeteasy

Emerging Startups

RadPadZenly

Hotpads

The Team

VisionBusiness Development

?DevelopmentiOS Engineer

?ProductSenior UX Designer

Team

Daniel Ahmadizadeh Nick Sillik Jennifer Sillik

? Operations TBD

TBD? Data Analytics

TBD

TBD? Community

TBD

TBD

The Financials

Use of Funds - 1 Year Goal

Turnover 2,000 leases ($1,800,000 in revenue)

Implement front-end growth features

Build an efficiently-scalable backend system

Hire two full-time staff

Legal expenses

Funding?

We are looking to raise for 18 months of runway

$1,200,000

We are willing to sell up to 20% of the company

Currently accepting convertible notes (see below)

Renting Founded on Community

Rentity.co

Daniel Ahmadizadeh I Founder I [email protected]


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