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Rental pain points for landlords - Coggle Diagram
Rental pain points for landlords
All types of landlords
Apartment building, professional staff handles
Landlord individual condo home, handles completely DIY
Landlord individual condo home, handles via one of the landlord tools out there
Landlord individual condo home, outsources to a property management service
All painpoints of a landlord
Marketing to get new tenants so that place has high occupancy
Finding a good quality tenant not prone to default/eviction and not a headache
Rental payment collection tracking reminders updates
Safe rental lease contracts legally that limits options in future
Types of renter market city pains
Some have high renters
Some have high home ownership (less need for renters)
Some have high renter defaults, vacancies, and evictions
Potential solutions for trusting a stranger tenant
Collecting reviews from tenants
Others can upvote a tenant (similar to reviews)
Pre-screening questionaire
Link to facebook social media profile then quick scan search if seems ok
Default way is via credit score despite the flaws
Proprietary score algorithm made by a company to predict tenant success based on demographic data input
Criminal background check
Solution caliber
Must be better than other rental app platform tools for landlords out there
Must be better than craigslist as way to source screen tenants
Whom to build to sell for?
Other rental app platforms for landlords for their horizontal merger
For other full service property manager companies as their first side division
For regular apartment buildings own staff, so they have their own side complementary division
For any other tech SaaS company who wants to enter rental business strategically then this becomes their entry point
Success metrics as a build to sell
How many landlords monthly active users like 1k, 10k, 100k? (keeping in mind market size of landlords is smaller)
Showing statistically significant higher landlord success tenants like 99% vs normal 70% (let's say)
Whether we solved the problem of solving a stranger with your property for general society (hard to measure improvement)
Describe the painpoint problem from which angle
Prevent back-end disaster tenants who are "so bad" (framed as problem)
Tenant screening process (emphasizing a solution that prevents the back-end problem tenant)
How to trust a stranger with your property (more aspirational version of the problem)