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Re-inventing Renting

The first rental platform designed specifically to
assist 21st century families in America find housing

Help us launch in early 2014! See our IndieGogo Fundraiser Campaign.
U.S. RENTAL MARKET
HOMELESS FAMILIES ARE A SUBSET OF A MUCH LARGER RENTAL MARKET

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

Sources:Dept. of Numbers; US Census;National Multihousing Council

2
21st CENTURY RENTAL MARKET
LANDLORD PROBLEM

Good Credit Only

20th century renter’s
methods still being
applied to new
market conditions.

Credit checks
Steady income verification
High deposit / fees

Expensive property manager

RENTER PROBLEM

21st century middleclass families were
squeezed down the
economic ladder during
the Great Recession.

Marginalized families
Great Recession impact
Home foreclosure crisis
Unemployed/Under-employed

HUGE RENTAL MARKET!

Entrepreneur / Freelancer

We tailored our platform to meet the needs of even
the most challenging demographic: Homeless Families

3
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
Good Credit Only

Loss of Privacy/Personal Info
More Time = More Cost

4
HOUSING HOMELESS FAMILIES
PART OF THE 21ST CENTURY RENTAL MARKET PARADIGM

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
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.

5.8 million units needed to fill
affordable housing gap for
lowest income bracket

Source: National Center on Family Homelessness

5
SOLUTION REVOLUTION
RE-INVENTING RENTING TO ADDRESS THE HOMELESS FAMILIES CRISIS IN AMERICA

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.
6
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
7
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.

8
ABOUT

See our IndieGoGo Campaign
and help us launch NoAppFee
in early 2014.

NoAppFee was
founded by Tyrone
Poole based on his
personal experience,
and the insights he
discovered while
assisting homeless
families find rental
housing.
Click the mic to hear
Tyrone tell his story
from firefighter to
homeless advocate

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 preapproved tenants, which saves both time and money.
Click images above for video and audio.
Re-inventing Renting

The first rental platform designed specifically to
assist 21st century families in America find housing

Help us launch in early 2014! See our IndieGogo Fundraiser Campaign.

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NoAppFee.com - Reinventing Renting

  • 1. Re-inventing Renting The first rental platform designed specifically to assist 21st century families in America find housing Help us launch in early 2014! See our IndieGogo Fundraiser Campaign.
  • 2. U.S. RENTAL MARKET HOMELESS FAMILIES ARE A SUBSET OF A MUCH LARGER RENTAL MARKET 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 Sources:Dept. of Numbers; US Census;National Multihousing Council 2
  • 3. 21st CENTURY RENTAL MARKET LANDLORD PROBLEM Good Credit Only 20th century renter’s methods still being applied to new market conditions. Credit checks Steady income verification High deposit / fees Expensive property manager RENTER PROBLEM 21st century middleclass families were squeezed down the economic ladder during the Great Recession. Marginalized families Great Recession impact Home foreclosure crisis Unemployed/Under-employed HUGE RENTAL MARKET! Entrepreneur / Freelancer We tailored our platform to meet the needs of even the most challenging demographic: Homeless Families 3
  • 4. 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 Good Credit Only Loss of Privacy/Personal Info More Time = More Cost 4
  • 5. HOUSING HOMELESS FAMILIES PART OF THE 21ST CENTURY RENTAL MARKET PARADIGM 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 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. 5.8 million units needed to fill affordable housing gap for lowest income bracket Source: National Center on Family Homelessness 5
  • 6. SOLUTION REVOLUTION RE-INVENTING RENTING TO ADDRESS THE HOMELESS FAMILIES CRISIS IN AMERICA 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. 6
  • 7. 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 7
  • 8. 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. 8
  • 9. ABOUT See our IndieGoGo Campaign and help us launch NoAppFee in early 2014. NoAppFee was founded by Tyrone Poole based on his personal experience, and the insights he discovered while assisting homeless families find rental housing. Click the mic to hear Tyrone tell his story from firefighter to homeless advocate 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 preapproved tenants, which saves both time and money. Click images above for video and audio.
  • 10. Re-inventing Renting The first rental platform designed specifically to assist 21st century families in America find housing Help us launch in early 2014! See our IndieGogo Fundraiser Campaign.