noappfee.com - reinventing renting

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The first rental platform designed specifically to assist 21 st century families in America find housing Re-inventing Renting Help us launch in early 2014! See our IndieGogo Fundraiser Campaign.

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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.

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Page 1: NoAppFee.com - Reinventing Renting

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.

Page 2: NoAppFee.com - Reinventing Renting

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

Page 3: NoAppFee.com - Reinventing Renting

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!

Page 4: NoAppFee.com - Reinventing Renting

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

Page 5: NoAppFee.com - Reinventing Renting

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

Page 6: NoAppFee.com - Reinventing Renting

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

Page 7: NoAppFee.com - Reinventing Renting

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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

Page 8: NoAppFee.com - Reinventing Renting

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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.

Page 9: NoAppFee.com - Reinventing Renting

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.

Page 10: NoAppFee.com - Reinventing Renting

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.