NoAppFee is a next-generation platform that reinvents the process of renting for both renters and landlords, saving both time and money on both sides of the rental equation. Initially designed to streamline the process of housing homeless families, NoAppFee is soon to become the signature online platform for the real estate rental industry.
Dynamic Netsoft A leader In Property management Software
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
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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
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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
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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
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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.
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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
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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.
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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.